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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| Web TV: the channel of the future |
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29 June 2005 |
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An increasing number of cable and internet service providers are examining the delivery of TV over the Internet in the development of their customer offerings, with BT’s announcement (28/6/05) that it intends to trial TV over broadband services being just one such example.
“Opportunities for provision of TV over the Internet will be an area examined closely by the media, telecom and technology sectors over the next few months, as the way in which these organisations access their customers increasingly converge. There are a number of challenges that will need to be addressed in the development of web TV and establishing how... |
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| Public to private deals drive the UK buy-out market |
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27 June 2005 |
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The value of public to private deals has hit £4.9 billion, already the highest level since 2000, according to the Centre for Management Buy-Out Research (CMBOR), the pre-eminent provider of analysis on the UK buy-out market.
Sponsored by Barclays Private Equity and Deloitte, the figures are the most comprehensive compilation of UK buy-out data for 2005. They show that public to private buy-outs and buy-ins account for 45 per cent of the value of all deals in the first half of 2005 in comparison to 17 per cent for the whole of last year. The average size of a deal is almost £500 million compared to between £100 - £200 million in past... |
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| FSA appoints Deloitte director to Consumer Panel |
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24 June 2005 |
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The FSA has appointed Caroline Gardiner, a director in the financial services practice at Deloitte to the Financial Services Consumer Panel, effective 1 July 2005. Also appointed were David Metz and Richard Taylor. They replace Yvonne Gallacher, who stood down at the end of May 2005 as well as Nick Pearson, Richard Smethurst and Dave Watts who stand down at the end of June, after completing their terms of office.
FSA Chairman, Callum McCarthy said:
"I am delighted that Caroline, David and Richard are joining the Panel. They and the existing members will continue to ensure that the Panel acts as a strong, independent consumer... |
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| Nuclear power sparks debate |
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23 June 2005 |
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Nuclear power could provide a vital contribution toward the UK achieving ambitious carbon reduction targets by 2020. In the past, the UK private sector has not found the rewards from investing in new Nuclear Power Plants (NPPs) sufficiently attractive to justify the risks inherent in such investments.
Three developments have coincided to make the prospect of new nuclear stations in the UK potentially more viable: |
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| New breed of hackers play on human weakness not flaws in technology |
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22 June 2005 |
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Internal security breaches have overtaken external IT attacks as the biggest threat to financial institutions as hackers switch their focus from technology to people – according to Deloitte’s 2005 Global Security Survey.
A survey of senior security officers at the top 100 financial institutions found less than a third (28%) of respondents experienced an IT security breach in the past 12 months. This compares to 83% in 2004. While the number of attacks receded overall, the extent of internal breaches more than... |
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| Deloitte reports on corporate governance disclosures and releases best practice audit committee guidance |
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20 June 2005 |
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Deloitte has published the results of a study on current corporate governance disclosures in FTSE 250 accounts in advance of the Financial Reporting Council’s (FRC) review of the Combined Code.
In its latest Corporate Governance Update Deloitte reports on its review of 50 sets of governance disclosures. It reveals that many companies are now willingly providing better and more valuable information for users of their annual reports. Numerous examples of good disclosure practices emerged both in terms of disclosures being made voluntarily and the actual content and manner of the disclosures made.
A surprisingly high proportion... |
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| Deloitte launches new biometric security services |
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16 June 2005 |
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Deloitte has formed a specialist biometric technology security team to provide independent advisory and assurance services to the increasing number of organisations implementing biometric security systems.
Biometric technology uses unique physical traits such as fingerprint, iris, face and voice pattern recognition for security purposes and is a rapidly growing market expected to reach $2.05 billion by 2006*.
Deloitte’s lead security risk partner, Simon Owen, said: “Biometric technology is no longer the realm of science fiction movies. There is a huge market demand for greater security in... |
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| Newell & Budge to merge with Sopra UK |
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14 June 2005 |
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Newell & Budge, one of the UK’s leading and fastest growing IT consultancy companies, has today announced its plans to merge with the UK operation of Sopra Group. Newell & Budge will become a wholly owned subsidiary of Sopra Group SA. Sopra Group is a European leader in IT consulting, systems integration and application outsourcing. The planned transaction has been announced today and is subject to employee consultation by Sopra in France in accordance with domestic legal process. The Corporate Finance team at Deloitte acted as exclusive financial advisor to Newell & Budge on the transaction. Simon Russell, technology M&A... |
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| Match fitness? Are UK life firms fit to deliver a winning performance to policyholders and shareholders |
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09 June 2005 |
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A new survey by Deloitte of how UK life insurance firms operate a financial control cycle suggests many firms will have to adapt and automate their accounting processes to deliver their commitments to both policyholders and shareholders. Deloitte noted four key challenges for the life industry based on the results of the survey: |
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| Roger Bootle’s response to June’s MPC meeting: The first interest rate cut moves nearer |
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09 June 2005 |
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Although the Monetary Policy Committee decided to leave interest rates on hold at 4.75% for the tenth consecutive month today, the recent weakness of the economic data suggests that the first cut in rates is not too far away. It seems that the housing market has stabilised, with prices on the Nationwide index rising by a monthly average of just 0.2% in the six months to May. But this has not stopped the annual growth rate falling to an eight-and-a-half year low of 5.5% in May, thereby reducing consumer confidence. Accordingly, consumers have become more cautious, raising their credit card borrowing by just £0.3bn in April... |
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