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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| The peril of the dark side: counting the cost of film piracy |
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20 May 2005 |
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This week's news that the final chapter of 'Star Wars: Episode 3- Revenge of the Sith' has been leaked over the Internet is a strong sign that the entertainment industry is yet to establish a successful means of combating piracy in the industry.
Ed Shedd, media partner at Deloitte comments: "Historically the film industry has been relatively safe from soft copy piracy because of download time. However the uptake of broadband, advances in compression technology (whereby files sizes are made much smaller) and the rise of peer-to-peer networks have all led to a dramatic increase in download speed times for films, and as a consequence... |
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| Economic Reveiw Q2: Post-election landscape: have we ever had it so good? |
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15 May 2005 |
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In the latest issue of the Deloitte Economic Review, our Economic Adviser, Roger Bootle, looks at the recent performance of the UK economy and asks whether there has been a fundamental transformation. His main points are as follows:There is no doubt that the UK economy has enjoyed an impressively long period of uninterrupted expansion – 50 consecutive quarters and counting. But this may not be as remarkable as it sounds. In annual terms, the UK economy expanded consistently from 1947 to 1973 – over twice...
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| Acordis in administration |
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13 May 2005 |
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Deloitte has been appointed to work with the existing management of the Company to ensure that the businesses continue to operate with the minimum of disruption whilst both restructuring and sales options for the Company are fully considered.
Neville Kahn, who is leading the Administration team from Deloitte, commented:
“We have the full co-operation of management and are in the process of having discussions with all stake-holders (including customers, suppliers and employees) with our primary objective being the survival of the Company as a going concern”.
Acordis manufactures acrylic fibres and sells them into three... |
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| Candidate placements continued to rise at a solid rate in April, underpinned by robust demand for staff |
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09 May 2005 |
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The Report on Jobs, published today by the Recruitment & Employment Confederation and Deloitte, provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies and employers, as well as data on national newspaper recruitment advertising.
The latest REC/Deloitte Report on Jobs showed that recruitment consultancies’ permanent staff placements and temporary staff billings continued to rise at robust rates in April. Higher placements were supported by a further strong improvement in demand for staff at employers, though the rate of demand... |
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| Roger Bootle’s response to May’s MPC meeting: interest rates could soon start falling |
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09 May 2005 |
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Today’s decision by the MPC to keep interest rates on hold at 4.75% for the ninth month in a row all but confirms that interest rates have peaked, in line with my longstanding forecast.
If the MPC was going to raise interest rates once more, arguably this would have been the month to do it given that CPI inflation rose from 1.6% in February to a seven year high of 1.9% in March and given that this is an Inflation Report month. But the no change announcement suggests that the Committee is more concerned about the recent slowdown in activity than the oil-induced spike in inflation.
GDP growth in Q1 of this year is provisionally... |
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| Director’s remuneration on flotation |
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03 May 2005 |
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In a report launched today, ‘Directors’ remuneration on flotation’, Deloitte finds that newly floated companies are leading the trend towards performance linked reward and a total remuneration approach. The report is based on UK companies joining the London Stock Exchange or AIM during the period July 2003 and January 2005.
Stephen Woodhouse, executive compensation partner at Deloitte, comments:
“Deloitte’s report finds a high level of... |
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| Technology CEOs rapid growth plans: headcount increase of 25% |
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28 April 2005 |
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- CEOs confident about growth, but employment shortages may be a hindrance-
- Survey reveals concern over increased competition from China & India -
Growth is back at the top of the agenda for technology companies, according to Deloitte’s 2005 global CEO Survey of the fastest growing technology companies, as ranked in the Deloitte Technology Fast 500. Three out of four are very confident or extremely confident about continuing their company’s current rate of growth.
William Touche, technology partner at Deloitte comments: “CEOs are more confident about their company’s prospects than they have been in recent... |
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| The lure of the private sector: Deloitte analysis of executive reward offered by private equity financed companies |
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27 April 2005 |
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Deloitte analysis revealed today shows that the trend for private equity funded firms to attract top management from the listed sector is likely to continue, with executive compensation reward often worth significantly more. Whilst ultimately market forces may work to close this gap, there is currently little evidence of it.
Bill Cohen, executive remuneration partner at Deloitte comments: “The UK listed sector holds a pool of top international managerial talent who are attractive recruitment targets to private equity funded companies, particularly those operating internationally. The compensation packages on offer present an... |
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| Law firms sea change in attitudes |
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26 April 2005 |
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Nearly all law firms will be outsourcing and offshoring at least some of their operations within the next two years, according to new research from Deloitte. Almost all law firms are currently outsourcing some or all of their support functions. IT operations are the most commonly outsourced function, with 61 percent of firms confirming that they already outsource or plan to in the near future. Document management and production is the most common operation outsourced to an offshore location by law firms, with 31 percent of respondents planning or already doing so.
The report showed a trend for larger law firms to be either... |
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| Outsourcing failing to deliver expected benefits for world’s largest organisations, Deloitte study reveals |
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25 April 2005 |
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Many large organisations that outsourced information technology and other services are bringing some operations back in-house, according to a new study by Deloitte. The organisations that participated in the survey, which focused on the US, currently spend $50 billion on outsourcing and they have found the outsourcing process is much more complex than initially anticipated. Dissatisfaction with cost savings and reduced flexibility were found to be the primary reasons behind participants’... |
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