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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| Profitability Monitor – 2006 Q1 |
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04 July 2006 |
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Our regular assessment of the current state of the profitability of British business and the economic factors influencing its prospects for the future,
prepared by Roger Bootle, Economic Adviser to DeloitteThe slight increase in profitability in the first quarter suggests that businesses might be starting to feel the benefits of the recent pick-up in activity both in the UK and abroad. But costs remain under upward pressure from higher energy costs and rising pension fund contributions. As such, 2006 is still likely to be...
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| Deloitte announces launch of new Chief Restructuring Officer business |
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03 July 2006 |
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The launch of Aaronite, the new Chief Restructuring Officer business, has been announced today by Deloitte and the Executives of Aaronite Partners Ltd.
Commenting on the announcement, Aidan Birkett, Managing Partner of Corporate Finance at Deloitte, said: “Aaronite will offer Chief Restructuring Officer services which will complement the current offerings of the reorganisation services practice at Deloitte. Iain Lynam and Mike Grant, two highly experienced and well-respected company doctors, own and lead the Aaronite business.
“Mike Grant has held senior positions at Railtrack, Eurotunnel and Cable & Wireless and Iain is... |
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| Deloitte expands real estate practice |
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30 June 2006 |
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Deloitte has today announced a number of senior appointments to its rapidly expanding specialist UK real estate team. Four Directors have been promoted to partner. These include: Jason Davies – Jason has particular expertise in real estate acquisitions, having advised on several large transactions in recent years. He is also a qualified accountant and auditor. Based in Reading, Jason leads the real estate team for the South of England. Karen McNicholls – a specialist in corporate tax in the real estate sector. Karen has 11 years experience in real estate advising quoted and... |
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| Protecting the digital assets: Deloitte security survey shows the technology and media sector is under attack |
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21 June 2006 |
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50% of attacks are internal, with 64 gigabyte memory sticks an increasing threat Only 4% believe they are doing enough to address security issues
Deloitte, the business advisory firm, has today launched a report which argues that the reliance of the technology, media and telecoms (TMT) industry on digital information and technology has made it vulnerable to attack. Over 50% of companies surveyed reported security breaches in the last 12 months, with a third of those breaches... |
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| Deloitte appoints first female executive board member |
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16 June 2006 |
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Deloitte has appointed Sharon Fraser as Managing Partner for Talent of the UK Firm. Sharon joins the Firm’s Executive, becoming the first female to be appointed to this position. She succeeds David Sproul who will become Managing Partner of Deloitte’s tax practice. As Talent Partner, Sharon Fraser has overall responsibility for talent and people development within the firm. John Connolly, Senior Partner and Chief Executive said: “I'm delighted that Sharon Fraser has joined the Executive Board as Managing Partner for Talent. Sharon brings a breadth of experience to this role and I'm sure she will make a significant... |
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| World’s largest financial institutions face surge in external security attacks |
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13 June 2006 |
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The world’s largest financial institutions reported an increase in the number of security attacks over the past year with more than three-quarters of respondents (78%, up from 26% in 2005) confirming a security breach from outside the organisation and almost half (49%, up from 35% in 2005) experiencing at least one internal breach. These findings are revealed in the 2006 Global Security Survey released today by business advisory firm Deloitte. The fourth annual survey consisted of interviews with senior security... |
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| World Cup drives £1 billion of German stadia spend |
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13 June 2006 |
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Deloitte’s latest Annual Review of Football Finance reports that almost £1 billion has been invested in the 12 venues for the World Cup. Developing five new stadia and refurbishing a further seven. Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “The World Cup has driven almost £1 billion of investment in German football stadia over recent years and it provides the opportunity for German clubs to develop their revenue streams. For the 2005/06 season just ended, the average Bundesliga match attendance was higher... |
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| Deloitte energy partner appointed as Expert Adviser to House of Lords Select Committee on European Energy Policy |
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13 June 2006 |
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Ross Howard, partner in Deloitte's Energy, Infrastructure & Utilities group, has been appointed as an Expert Adviser to the House of Lords Select Committee leading an inquiry into the European Commission's Green Paper on Energy Policy. The Lords Sub-Committee conducting the inquiry, chaired by Lord Woolmer of Leeds, will take evidence from energy producers and intensive users, the Government and the energy Regulator, and is due to report its findings before the summer recess. The Green Paper "A European Strategy for Sustainable, Competitive and Secure Energy" sets out the European Commission’s views on the key considerations in... |
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| 2006 sees polarisation of hotel market |
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12 June 2006 |
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Hotel rooms in London with average room rates over £160 are showing double-digit growth in revenue per available room (revPAR) for year-to-April 2006 according to the HotelBenchmark™ Survey by Deloitte. This top end segment of the market recorded 7% growth in average room rate and a 12% increase in occupancy, leading to a whopping 20% growth in revPAR compared to the same period in 2005. In contrast, hotels in London with average room rates under £80 are struggling to see any growth, recording just under 1% increase in revPAR for year-to-April 2006. Rate dropped by 2% and occupancy grew by 1% to 77% compared to the same period in... |
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| AIM remuneration counter–trend: share options are the incentive plan of choice |
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12 June 2006 |
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A report launched by Deloitte, the business advisory firm, on Monday (12/6/06) at the London Stock Exchange’s annual AIM conference suggests that on flotation, the structuring of executive remuneration and reward for AIM companies still favours the use of share options. The report also reveals that the average inherent share option gain for the chief executive of a newly floted AIM company is £500,000, with other executives making £294,000. The report, Directors’ remuneration at flotation 2006, analyses current market practices based on UK companies joining AIM or the main market during the period January 2005 to January... |
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