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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| Deloitte comment on CEIOPS Solvency II consultation paper released yesterday |
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03 July 2009 |
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The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) released yesterday the second set of consultation papers with its draft technical advice to the European Commission on the level two regulations of Solvency II. Rick Lester, lead partner on the UK Solvency II team at Deloitte commented: “As with the first set of consultation papers this set also covers a range of topics across the entire Solvency II spectrum, on this occasion addressing aspects of MCR, SCR Standard Formula, Internal Models, Own Funds, Reporting and the Supervisory Review Process. “We welcome this opportunity... |
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| Bank of England Credit Conditions report: Improved credit conditions – but at a cost |
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02 July 2009 |
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Commenting on today’s Bank of England Credit Conditions report, Fenton Burgin partner in Deloitte’s Debt Advisory practice, comments: “As government measures continue to take effect, there is evidence that fiscal stimulus is at last feeding through to the corporate mid market. We are seeing some limited improvement in credit conditions, driven by an improved economic outlook. Banks are more willing to engage with corporates today. However, the availability of credit is coming at a cost. The report makes it clear that banks are continuing to move the cost of credit upwards and anticipates further increases... |
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| Profitability Monitor – 2009 Q1 |
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01 July 2009 |
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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 Deloitte.- Profitability began to deteriorate last year, but the effects of the recession are now more clearly taking their toll. Although the near-term outlook for the economy has recently improved, I doubt that it will be growing at rates consistent with rising profits until 2011 or even 2012.
- The fall in profitability in the oil sector seen in Q1 should be short-lived, given the rise in oil prices over the...
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| Deloitte report: how business leaders respond over the next 24 months will drive company performance for the next decade |
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29 June 2009 |
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Deloitte, the business advisory firm, has today launched the preliminary findings of a report looking at those companies which will be in a winning position to capitalise on the turbulence created by the recent challenging markets. This report also considers what features these companies will need to establish competitive advantage, particularly in light of recent evidence of strengthening in the UK and global economy.
Speaking at the Global Leadership Summit at the London Business School today, John Connolly, Deloitte chief executive... |
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| Jolyon Barker appointed to lead Deloitte’s Global Technology Media & Telecommunications industry practice |
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29 June 2009 |
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Deloitte, the business advisory firm, announces today that Jolyon Barker has been appointed to lead Deloitte’s Global Technology, Media, & Telecommunications industry (TMT) practice. He currently also leads Deloitte’s UK TMT practice. Jolyon Barker said: “I look forward to my new role as the Deloitte Global TMT Industry Leader, directing the overall strategy and development of the global TMT industry practice. “It is a fascinating time to be taking on this role. The TMT sector’s capability for innovation and reinvention, not just of its own industries, but also other sectors, remains powerful. “From ongoing digital... |
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| Deloitte forms new Corporate Counter Espionage team within its Security, Privacy & Resilience group |
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25 June 2009 |
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On the day the government launches a new cyber security plan, Deloitte, the business advisory firm, announces the creation of a new Corporate Counter Espionage team within its Security, Privacy & Resilience Group.
The team will be led by Steve Cummings, an ex-senior Government security official who was previously Director of the Centre for the Protection of National Infrastructure (CPNI). The team will be working with organisations to tackle the issue which is able to severely impact brand reputation, competitive advantage and market growth in increasingly competitive markets. The team brings together consultants with expertise... |
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| Update: Deloitte appointed administrators to Setanta Sport Limited (‘Setanta’ or ‘the Company’ |
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23 June 2009 |
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Neville Kahn, Lee Manning and Nick Edwards of Deloitte were today appointed Joint Administrators to Setanta Sport Limited and Setanta Transmissions (UK) Limited. David Carson, of Deloitte in Ireland, was appointed Receiver to Setanta Sport Holdings Limited, Setanta Media Holdings Limited, Setanta Media Limited and Setanta Sport (PPV) Limited.
Setanta International and Setanta Ireland are not covered by these appointments.
Setanta has 420 employees in the UK and Ireland, and approximately 1.2 million subscribers, with channels available in three million homes.
Neville Kahn commented: “After a huge... |
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| Receiver appointed to Setanta Sport Holdings |
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23 June 2009 |
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Powerscourt (PR contact for Setanta) : Rory Godson/ Paul Durman: +44 (0)207 250 1446
The Board of Setanta Sport Holdings Limited regrets to announce that it has not proved possible to secure the additional financing required to ensure the future viability of Setanta.
As a consequence, the Board has taken the decision to seek the appointment of Receivers to the parent company, Setanta Sport Holdings Limited, and certain subsidiaries in Ireland, and Administrators to certain English subsidiaries.
Neville Kahn, Lee Manning and Nick Edwards, partners of Deloitte, were today (Tuesday June 23) appointed Joint... |
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| Deloitte comments on the latest ONS retail sales figures |
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18 June 2009 |
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Tarlok Teji, UK head of retail at Deloitte: "Today's figures from the ONS showing a slight drop in retail sales in May compared to April are no surprise given the boost to retail sales seen last month. These figures demonstrate 2009 will continue to be a challenging year.
“In fact, there are a number of conflicting indicators at present. We have seen some good news from the retail sector in the US and certain indicators in the UK have appeared to stabilise in recent months. In the UK, a lot of consumers do have extra disposable income but are behaving with extreme caution. The fear of unemployment is still very real and will... |
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| Deloitte comment: UK scrappage scheme’s performance after one month |
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18 June 2009 |
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David Raistrick, UK Manufacturing Industry Leader, Deloitte said: "I believe the scheme is an excellent mechanism to help support the sector, and the early signs of increased vehicle sales will greatly assist parts of the automotive industry. While the scrappage scheme is well intentioned and has evidently increased vehicle sales, many industry sources have commented to me that it is too blunt an instrument in its current form and lacks important environmental considerations, such as encouraging people to buy more fuel efficient vehicles. Since the scheme was introduced, we have seen an upsurge in car sales, but as with the... |
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