Europe fights back against Premier League’s financial dominance January 25, 2024 The trend could weaken the argument for a European Super League.
Watchdog investigating Deloitte audit of Lookers after £19m vanishes from books March 12, 2021 Britain’s accounting watchdog has opened an investigation into audits conducted by Deloitte of car dealership operator Lookers. The investigation will look at financial statements for the years ended 31 December 2017 and 2018, the Financial Reporting Council (FRC) said in a statement. Deloitte said it was taking the investigation seriously and was fully cooperating with [...]
FRC: Deloitte allowed Autonomy to ‘present misleading financial position’ January 6, 2021 Deloitte’s audit of scandal-hit UK software firm Autonomy allowed the company to “present a misleading picture of its financial position”, the City watchdog said this morning. The Financial Reporting Council investigated the actions of Deloitte and former partners Richard Knights and Nigel Mercer in relation to their audits of the disgraced tech company’s accounts. Autonomy [...]
Deloitte offers up to £2,000 ‘thank you’ bonus to firm’s non-partners March 24, 2021 After taking austerity measures last year to navigate the pandemic, Big Four firm Deloitte plans to hand out ‘thank you’ bonuses to all firm employees. ‘Thank you’ payments of between £500 and £2,000 will be paid to all UK staff below partner level at the end of April, with the amount paid determined by the [...]
UK finance chiefs gear up for growth as sentiment soars July 29, 2024 Chief financial officers of some of the largest UK companies have seen expectations about the prospects of their own business shoot up.
Deloitte fined for pension scheme audit failures November 6, 2020 Big Four firm Deloitte has been fined £362,500 for failures relating to the audit of a former client’s defined benefit (DB) pension scheme and the carrying value of the company’s intangible assets. The Financial Reporting Council (FRC) described the former client as one of the largest local and regional multimedia organisations in the UK responsible [...]
Women’s football clubs saw income grow by 50 per cent thanks to Lionesses Effect June 20, 2024 Aggregate revenues of the 12 WSL teams swelled to £48m in 2022-23 as more fans and brands took an interest in women’s football.
FTSE finance chiefs ditch UK recession bets as confidence rebounds sharply April 17, 2023 Money managers at Britain’s biggest companies have signalled a sharp increase in confidence in the UK economy, a closely watched survey out today shows, in a further sign the country is on course to dodge a recession. Chief financial officers of top UK corporates notched a net positive 25 per cent confidence rating in Deloitte’s [...]
Vote of confidence for London as Deloitte office sold to Hong Kong real estate business for £255m March 2, 2021 A large City of London office, used by Deloitte, has been sold to a Hong Kong-based real estate company for £255m. The 147,000 sq ft office, Athene Place at 66 Shoe Lane, recently underwent a full refurbishment before the sale. In June 2018 Henderson Park bought the space after Deloitte had vacated the building. The [...]
Premier League spending plummeted in shadow of stricter financial regulations February 2, 2024 Everton were docked 10 points for breaching spending rules last year, while Nottingham Forest were also fined for their spending habits, being dubbed the “poster boys for financial fair play.”