Listed below are our UK press releases, providing an overview of our activities and opinions over the last 18 months. Our most recent press releases can be found at the top of the page.
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| January transfer spending at record levels, despite Chelsea’s no show |
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02 February 2006 |
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Spending by Premiership clubs of around £70m is greater than in any of the previous three January transfer windows according to analysis by the business advisory firm Deloitte. Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “English clubs have again demonstrated their ability to invest in players. Despite the lack of recent transfer activity by Chelsea, player spending of £70m is a record for a January transfer window. Overall, the Premiership clubs have spent around £300m in 2005/06, moderately up on spending of around £270m in each of 2003/04 and 2004/05.” Some of the key findings from the... |
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| Deloitte identifies and analyses top trends in the telecommunications industry for 2006 |
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02 February 2006 |
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The Technology, Media and Telecommunications (TMT) practice at Deloitte today announced its predictions for the telecommunications industry in 2006, forecasting that the year ahead will be marked by the fact that globally, the total number of paid-for connections will exceed four billion.
Tony Cooper, telecommunications partner at Deloitte comments:
“2006 will see a record reached for the highest level of connectivity in the telecommunications market, across Public Switched Telephone Networks (PSTN), mobile communications, broadband... |
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| Deloitte identifies & analyses top trends in the media industry for 2006 |
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02 February 2006 |
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The Technology, Media and Telecommunications (TMT) practice at Deloitte today announces its predictions for the media industry in 2006, forecasting that the year ahead will be driven by the effect of growing digitisation, convergence and shifting business models.
Ed Shedd, head of media at Deloitte comments: “Online music will provide the greatest potential for growth for the music industry, with improvements in distribution and the emergence of specialist online music stores.
“The television and video world will witness... |
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| Deloitte identifies and analyses top trends in the technology industry for 2006 |
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02 February 2006 |
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The Technology, Media and Telecommunications (TMT) practice at Deloitte today announced its predictions for the technology industry in 2006, forecasting that the year ahead will be driven by rapid changes across all aspects of the sector, particularly the Internet.
David Tansley, technology partner at Deloitte comments: “The ever expanding mass of digital information (which will reach 20 exabytes in 2006) will see consumers’ use of the Internet change to a greater reliance on search. In parallel, governments will try to iron out some of... |
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| Increased anti money laundering cost burden for financial services |
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01 February 2006 |
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The Joint Money Laundering Steering Group (JMLSG) has today published new guidance on how banks and financial services businesses should approach money laundering and terrorist financing risk. Nick Matthews, Forensic Principal at Deloitte, commented: “The onus is firmly on senior management to ensure that there are systems and controls in place to combat money laundering. While there will be an enhanced cost burden, we believe it is essential and will have long-term benefits. If companies invest the time and resources in an up-front assessment of their money laundering risks and in designing reasonable controls, they will protect... |
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| Court of Appeal rejects NEC’s claim |
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01 February 2006 |
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HM Revenue and Customs (HMRC) won a victory today at the Court of Appeal (31/1/06) over companies with foreign (non-EU) parent companies. The decision means that foreign owned companies are not entitled to the same compensation as EU-parented companies if they have paid dividends. This claim for compensation arose because the UK subsidiary of a foreign parent which paid a dividend in effect paid its corporation tax earlier than it would have done had it had a UK parent. The Court of Appeal has in effect upheld the High Court decision in favour of HMRC. Similar to the High Court, they held that, whilst part of the UK’s... |
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| Full potential of markets in China & India is decades away |
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31 January 2006 |
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It may be decades before China or India delivers the full potential that many technology companies are impatient to realise, according to a new report from Deloitte’s Technology, Media and Telecommunications (TMT) practice. “Market opportunities in China and India have long been a subject of discussion, with the expectation that in coming years they will dwarf all other markets,” comments Jim Sloane, UK managing partner for industries at Deloitte. “TMT companies are under tremendous pressure to capitalise on these two emerging giants. However this potential... |
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| Half of UK bank hoppers move for better service |
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31 January 2006 |
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Research conducted by YouGov on behalf of Deloitte, the business advisory firm, has found that almost one in two adults in Great Britain (48%) who moves product provider from one retail bank to another, does so because of poor customer service. Some 45% of the 2172 people surveyed have voted with their feet and moved an account or product, suggesting that banks cannot afford to rest on their laurels. The research findings also show that when it comes to choosing a bank, reliable service (17%) ranks behind pricing (34%) and security (27%). However, when it comes to the crunch, only one in five people switch to get better interest... |
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| Scotland outperforms England and Wales hotel industry |
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27 January 2006 |
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Hotels in Scotland outperformed both Wales and England in 2005, generating the highest percentage increase in revenue per available room (revPAR), up by 7.1% on 2004 figures according to the HotelBenchmark Survey by Deloitte. Occupancy in Scottish hotels remained steady, gaining 1.4% and the average room rate increased from £65 to £68 (5.6%). Aberdeen performed particularly well recording 17.5% growth in revPAR. According to the survey England and Wales recorded 3.4% and 3.2% rev PAR growth respectively. Of the capital cities Cardiff and Edinburgh revPAR recorded 4.6% and 6.1% growth respectively, with London lagging considerably... |
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| Gambling consultation closes |
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26 January 2006 |
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Tomorrow (27th January) is the closing date for the first consultation commissioned by the Gambling Commission. The consultation on regulation and licensing is the first step towards implementing the Gaming Act introduced last year. However, although the Gambling Commission is developing frameworks for the industry, there continues to be debate as to the number of super casino licenses which should be allowed in the UK. Alex Kyriakidis, Global Head of Tourism, Hospitality and Leisure at Deloitte, says: “Momentum is building for the establishment of more than one super casino with pressure from stakeholders mounting across the... |
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