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Press Releases
News and information on Deloitte activities - our most recent press releases can be found here:


Deloitte establishes Financial Services regional practice in Munster 07 October 2008 Deloitte has today announced the launch of its Financial Services regional practice. It has been established to address the needs of financial services organisations in the Munster region and will service clients from the firm’s offices in Cork and Limerick.

The practice, which is led by Alan Cuddihy, Financial Services Director with the firm, provides a host of services to the growing number of financial services organisations operating out of the Munster - and also the South Leinster region. Alan has a broad range of experience in the Financial Services sector and, in particular, has been responsible for managing the audits of...

Deloitte achieves highest growth rate among the Big 4 firms 01 October 2008 The results of the FINANCE Accountancy Survey 2008 show that Deloitte has achieved the highest annual growth rate among the Big 4 firms. The firm achieved a growth rate of 15% for the year ended May 2008, which was an excellent result in an overall market which grew by 11%.

Commenting on the results, Pat Cullen said: “The firm has achieved this significant growth thanks to the expertise of our people and the quality of service that we offer to our clients.We are continually looking to increase our presence in the professional services marketplace by offering innovative solutions to the challenges our clients face. Many thanks to...

Deloitte appoints nine new Directors 26 September 2008 Deloitte has today announced the appointment of nine new directors across all four of its departments. Five of the new appointments, Sarah Connellan, Fergus Finnegan, Ronan McGivern, Vincent McCullagh and Shane Wallace, have been appointed to the Tax department. Two have been appointed to the Audit department – Brendan Doyle and Daniel Murray - while Sean O’Keeffe and Michael Regan have been appointed to the Corporate Finance and Consulting departments respectively.

Commenting on the appointments, Pat Cullen, Managing Partner said: “Congratulations to our nine new directors on their success – this is a great...

Tax system needs be simplified to help Ireland tap into investment boom in China 17 September 2008 Ireland could become the international location of choice for holding companies investing in China by introducing a number of simple changes to the Irish tax code, the ‘Deloitte Investment into China’ conference was told at the National Concert Hall this morning.

While Ireland is currently viewed as one of the more favoured holding company locations for investments into China – thanks to its capital tax gains exemptions on the disposal of qualifying shares – taxation on foreign dividend income in Ireland represents a significant burden on companies. Changes to this regime would help Ireland capture a slice of the massive Foreign Direct...

Deloitte to recruit over 230 Graduates to help fuel continued growth 15 September 2008 Deloitte has today announced that it is creating between 230 and 240 graduate positions for the coming year. Positions will be available in the Dublin, Cork and Limerick offices, across all departments of the firm including audit, tax, consulting and corporate finance. The firm is calling on graduates from all disciplines to apply.

Commenting on the graduate opportunities Pat Cullen, Managing Partner, Deloitte said: “In line with last year’s graduate recruitment drive, we are looking for up to 240 talented people to join our firm. Last year, the firm experienced strong growth and we are looking for ambitious and...

Buy out deal activity and values fall sharply in H1 2008 15 September 2008 The value of private equity completions in Ireland in the first half of 2008 was €73.5 million, down 73% from €277 million in the first half of 2007, according to the latest figures from the Centre for Management Buy-out Research (CMBOR), the pre-eminent provider of analysis on the Irish & UK markets founded by Barclays Private Equity and Deloitte. 

The significant drop in activity during the first half of the year resulted in an average deal value of €14.7 million. This is the lowest deal value since 1997 when the average deal value for the full year was €8.6 million.

Key facts include:

• The Irish market has witnessed a...

Premier League clubs’ £500m transfer spending beats the crunch 02 September 2008 Player transfer spending by Premier League clubs was around £500m in the summer transfer window, a new record, according to analysis by the business advisory firm Deloitte.

Paul Rawnsley, Director of the Sports Business Group at Deloitte, commented: “Last summer saw a record level of transfer spending that was fuelled by the new TV monies and new owners.  This trend has continued with this summer’s transfer spending £30m higher at £500m.  This level of transfer spending is far in excess of spending by other European leagues.  With the majority of their revenue streams already contractually...

Double Success for Deloitte Cork in Accountancy Exams! 29 August 2008

Deloitte Cork is delighted to announce that all trainee chartered accountants who sat the Professional 3 exam of the Institute of Chartered Accountants in Ireland have passed. In addition, Lin Lin Wang, from the north east of China, achieved ninth place in Ireland in the exam.

 

Lin Lin has lived in Cork for the last 5 years, where she studied Accounting...

2 weeks left to avail of Revenue Deposit Account Initiative 25 August 2008 With the deadline for the Revenue’s Voluntary Disclosure Initiative approaching on September 15th, individuals and companies alike have just over two weeks to disclose funds invested in Deposit Accounts which have not been declared for tax purposes. Deloitte is recommending persons with money of over €100,000 in any combination of accounts in any financial institutions, including credit unions, to assess their situation to see if they should be disclosing their details.

The Voluntary Disclosure Initiative, announced by the Revenue in June of this year, covers funds invested in Deposit Accounts which have not been declared...

Over 300 CEOs expected at the 20th Irish CeoForum as the business environment toughens 04 August 2008 Record attendance is expected at this year’s CeoForum as company leaders seek to learn from each other and identify those attributes that will enable them to gain advantage in a more challenging business environment. 

Commenting on the launch of the forum, Pat Cullen, Managing Partner of Deloitte said, “This year’s forum will tackle the challenges that Irish CEOs are facing as tougher economic conditions make it more difficult to achieve profitable growth. It is critical for CEOs in Ireland to take stock and identify the best way of navigating these challenges – by providing the opportunity to discuss these...

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