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.
For more information please contact a member of the public relations team or visit our global news room.
Email alerts
Receive our latest news releases as soon as they are published by registering for our email alert service. Find out more.
RSS news feeds
Recieve the latest updates from Deloitte via our RSS news feed.
| UK job market remained buoyant in March |
 |
06 April 2005 |
|
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 consultants’ permanent staff placements and temporary staff billings were up for the twenty-second consecutive month in March, at robust rates. Demand for staff again showed a marked... |
|
| Chips are down for UK gaming industry |
|
06 April 2005 |
|
The sum total of the UK Government’s regeneration efforts on the back of mega casino licensing are down to just one “experimental” regional license.
Alex Kyriakidis, Global Head of Tourism, Hospitality and Leisure at Deloitte, says: “As a result of the Government’s deal to save parts of the Gaming Bill, the UK will no longer be on top of the US gaming industry’s investment list. The US operators, many of whom have made substantial investments in land options, will channel their development dollars in other emerging jurisdictions such as Macau and Singapore.
“A major issue facing the Government will be where to locate the first... |
|
| £100 billion pensions hit to UK companies’ balance sheets |
|
04 April 2005 |
|
New accounting standards requiring pension deficits to be recorded on the balance sheet could result in a £100 billion hit to UK companies this year, says professional services firm Deloitte. Whether the change will result in a downgrading of companies’ share prices will depend on the extent that pension deficits have already been factored in by the markets.
Under new accounting standards*, UK companies will record the total deficit for final salary pension schemes in full on the balance sheet. For example, Deloitte actuaries estimate the total pensions deficit of FTSE 100 companies to be around £50 billion at the current time,... |
|
| European buy-out market continues to break records |
|
04 April 2005 |
|
The European buy-out market has reached a record €80.2bn according to the Centre for Management Buy-Out Research (CMBOR), Europe’s pre-eminent provider of analysis on the UK and European buy-out market. Sponsored by Barclays Private Equity and Deloitte, the figures are the most comprehensive compilation of pan-European data for 2004 and show that continental Europe has broken the €50bn mark for the first time, widening the growing chasm with the UK for the fourth consecutive year (value of the UK buy-out market in 2004 was €30.1bn).
The number of deals completed in continental Europe also rose in 2004 with 587 completed compared... |
|
| Marks & Spencer tax loss claim |
|
01 April 2005 |
|
The relevant UK group relief legislation is in Taxes Act 1988 as amended by Finance Act 2000. Prior to April 2000, only companies resident in the UK are eligible for group relief. Since April 2000, both the surrendering and claimant company have to be UK resident or carrying on a UK trade.
M&S case and other loss relief claims
M&S opened its Paris store in 1975 and over the next 20 years expanded throughout continental Europe. By the late 1990s the European operations were making substantial losses and in 2001 a decision was taken to withdraw from France, Belgium and Germany. The losses which are the subject of... |
|
| Earthquake to further challenge Asian hotel industry resilience |
|
30 March 2005 |
|
The recovery of the Asian hotel industry from the tsunami will face a significant set back as a result of this weeks earthquake in Indonesia, according to Marvin Rust, hospitality partner at Deloitte:
“Hotel occupancy figures had already plummeted in the period since the tsunami, with Phuket being the worst affected, with a drop in occupancy from 80 percent to 40 percent in the first two months of 2005. However, the figures for February were substantially better than for January pointing towards a rapid recovery in hotel performance for the region before this weeks events.
“Deloitte’s HotelBenchmark Survey also shows that... |
|
| UK company law reform follows in Sarbanes-Oxley footsteps |
|
29 March 2005 |
|
‘Not as tough as Sarbanes-Oxley but a step in that direction’ is the overriding message on UK company law in Deloitte’s latest Corporate Governance Update. Reacting to the recent publication of the Company Law Reform White Paper, the Update warns of tougher penalties for accounting offences and liability for legislation breaches extending beyond directors and company secretaries.
Deloitte Audit Partner Martyn Jones said: “The Government has taken a lead from the US in deterring corporate misconduct although the measures outlined in the White Paper are not as severe as Sarbanes-Oxley legislation.
“The consultation period is an... |
|
| Surprise implications of UK-UK transfer pricing on employee benefits |
|
24 March 2005 |
|
Employers will soon have to prepare themselves for the reporting of benefits-in-kind they have provided for their employees in the year to 6 April 2005. The deadline for reporting the benefits to the Revenue is 6 July. This time, however, there is a significant new twist, with implications for: As of April last year, ‘transfer pricing’ adjustments have to be made between large, related businesses, even where both are in the UK. This could have unexpected consequences where benefits-in-kind are provided by (say) a... |
|
| Deloitte appoints new head of manufacturing |
|
24 March 2005 |
|
Deloitte today announced the appointment of Jane Lodge as head of the manufacturing group in the UK. Jane is the first woman to be awarded the senior industry role. As part of the industry group based in Birmingham, Jane will be responsible for growing the firm’s manufacturing practice. She will also lead the development of the national manufacturing team to further enhance the capabilities of the group.
Over the last 25 years at Deloitte, Jane has gained extensive experience of advising global businesses across Europe and the US as well as growing technology companies and those operating in the financial services sector.... |
|
| Buy-out market blooms as spring approaches but dark clouds loom on the horizon |
|
21 March 2005 |
|
The buy-out market is set to blossom this spring according to preliminary figures released today by the Centre for Management Buy-out Research (CMBOR), the leading provider of analysis on the UK and European buy-out markets. Sponsored by Barclays Private Equity and Deloitte, the statistics paint a rosy picture, with buy-out values reaching £5bn – resulting from 154 deals – in the first quarter of 2005 alone. However, dark clouds – in the guise of the debt bubble and new tax rules – are looming on the horizon and could lead to a unsettled private equity market for the rest of 2005.
Mark Pacitti, Corporate Finance Partner at... |
|
|
[<< Prev]
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
[Next >>]
|
