Deloitte report reveals high levels of mid-cap shareholder satisfaction over exec pay November 14, 2016 Only a "handful" of Britain's mid-cap companies have failed to receive majority shareholder support on exec pay according to a study of FTSE 250 companies. A combination of high profile shareholder revolts against executive pay earlier this year and Prime Minister Theresa May including it as a central pillar of her successful leadership bid, has focussed [...]
Editor’s Notes: MPs should summon the hedge funds if they want to understand Carillion, Carney’s catty comment and RBS’s robot February 23, 2018 In their quest to find out what happened to doomed outsourcing giantCarillion, MPs are asking the right questions but they’re not necessarily addressing them to the right people. This week the committee investigating Carillion’s collapse grilled accountancy firms KPMG andDeloitte, but while the beancounters can provide valuable insight into the final hours of Carillion’s life, [...]
Brexit? What Brexit? M&A deal values between the UK and rest of Europe double in first half of 2017 July 10, 2017 The value of deals between the UK and the rest of Europe more than doubled year-on-year in the first six months of 2017. Deals worth $32.5bn (£25.2bn) were announced in the first half of the year, up from $14.6bn in the same period of 2016. French and German companies, in particular, have been highly acquisitive [...]
Deloitte expands business at record levels but warns of Brexit “challenges” August 30, 2016 Audit wins underpinned the fastest revenue growth for 10 years at big-four accountants Deloitte. Group revenue increased by 11.2 per cent for the year to May 2016 to £3.1bn with distributable profit up 2.5 per cent at £608m. Deloitte said that the Brexit vote would lead to a slowdown in Britain's economic growth and although it would "introduces new challenges". "We [...]
Manchester City report record revenues of £473.4m but profit drops dramatically November 8, 2017 Manchester City chairman Khaldoon Al Mubarak has hailed the Premier League leaders’ financial success after they announced club record revenues of £473.4m. The figure was a 21 per cent increase on 2015-16 but pre-tax profit fell from £19.5m to £0.1m – a drastic reduction that City attributed to a 13-month reporting period as the club [...]
The rise of young Asia: how millennials are transforming a region November 6, 2017 There seems to be a growing view that Asia has a problem with ageing. It is certainly true that maturing populations will soon be putting pressure on workforces in countries like China, Korea and Taiwan. But, this misses the point: there is a huge shift of economic power to a growing and increasingly wealthy Asian [...]
Manchester United’s new YouTube channel highlights platform’s influence on football February 22, 2018 Such was the hype surrounding big tech’s supposed interest in acquiring live Premier League broadcast rights that YouTube’s name was inevitably thrown into the mix alongside Sky and BT as a potential bidder in the current auction. Yet Google’s online video behemoth was never interested. Why would they be? As demonstrated by Manchester United’s migration [...]
Bundesliga faces identity crisis as it debates the abolition of its fan ownership model in favour of increased investment March 1, 2018 For as long as football fans in England have complained about sanitised atmospheres, expensive tickets and disastrous owners, Germany has been held up as the exemplar of how much more supporter-friendly our national game could be. Affordable entry prices, safe standing areas and an ingrained respect for fan culture are all cited as examples of [...]
Budget 2017: City economists react to growth downgrade as productivity drags November 22, 2017 A long overdue downgrade for productivity growth assumptions has had a knock-on effect on growth and borrowing forecasts. Below are the early reactions of some of the City’s top economists. All about the productivity Ian Stewart, chief economist at Deloitte, said: “The big news is a whopping downgrade to prospects for long-term growth. “The OBR’s [...]
Big Four rival? No, we’re old friends, insists ex-Deloitte boss as he launches Cogital – a new firm with big ambitions October 24, 2016 In August there was plenty of noise around the announcement that the former boss of accounting giant Deloitte, John Connolly, was starting a new bean-counting business, Cogital. The question was whether the project, which was innovatively backed by private equity house HgCapital, was the latest attempt to break the stranglehold of the Big Four? If anyone might be able to do it, then [...]