The special M&A relationship survives Brexit vote: US businesses continue to target UK deals January 31, 2017 US business, like the nation’s President, has retained faith in the UK after the Brexit vote, new mergers and acquisitions (M&A) figures released today show. Deloitte’s Deal Monitor tracked 254 deals between the United States and the United Kingdom in the last six months of 2016. Some 172 of the transactions were US-to-UK, a 3.6 per [...]
Accountancy watchdog launches probe into Deloitte over Serco audit off back of fraud squad investigation June 8, 2016 The accountancy watchdog today launched an investigation into Deloitte over the audit of Serco Group, off the back of information uncovered by an ongoing investigation by the Serious Fraud Office (SFO). The Financial Reporting Council (FRC) has said it will be investigating the big four firm in relation to the preparation, approval and audit of the outsourcing company’s [...]
Sales of bad debt top €100bn in 2016 as Europe’s banks try to put crisis behind them February 16, 2017 European loan sales broke through the €100bn (£85bn) mark in 2016 as struggling banks look to offload big books of bad debt. Italian loan sales more than doubled year-on-year to comprise €36bn (£30bn), almost a third of the total European sales, according to analysis by Deloitte. Italy’s Unicredit was the biggest seller, followed by the [...]
Deloitte football finance: Arsenal kings of the capital as London accounts for over a third of English football’s entire revenue June 2, 2016 London clubs accounted for nearly a third of all revenue raised in English football in the 2014/15 season, despite making up less than 16 per cent of teams. The capital’s 15 clubs in the Premier League and Football League had a combined revenue of £1.3bn, contributing 31 per cent of the £4.1bn revenue generated by [...]
Deloitte: Premier League summer transfer spend on new players will smash records and easily surpass £1bn June 2, 2016 Premier League clubs are expected to smash transfer records this summer and spend over £1bn in a single window for the first time. Deloitte’s Sports Business Group is predicting Premier League clubs’ expenditure on new players will hit new heights in the forthcoming transfer window, following another season of revenue growth. Collective revenues for the 20 [...]
It’s up to business to make social mobility a reality for worried UK millennials March 13, 2017 Deloitte's sixth annual millennial survey revealed that just 36 per cent of millennials think they will be financially better off than their parents and only 31 per cent think they will be happier. The survey also found income inequality to be one of the issues of most concern to millennials and underlined a growing anxiety [...]
If you want a job at UK’s best financial services company to work for, you’ll have to move to Wolverhampton… February 26, 2017 Want a job at the firm named the UK's best financial services company to work for? You'll have to move to the Midlands. Yep – a Wolverhampton company has clinched the sector's top spot in a ranking of the UK's best employers. The Sunday Times' 100 Best Companies to Work for 2017 named Charter Court Financial [...]
Deloitte football finance: Premier League TV riches could spell better ticket prices for match-going football fans June 2, 2016 Match-going football fans could benefit from the Premier League’s new £8bn broadcast deal next season as clubs freeze ticket prices to keep grounds full and broadcasters happy. Deloitte’s Annual Review of Football Finance found that matchday revenue of £584m accounted for just 18 per cent of the Premier League’s total £3.3bn revenue in the 2014/15 [...]
Vinyl resurgence to power through into 2017 with $1bn of sales expected January 11, 2017 Vinyl’s resurgence is expected to continue this year, with a new report today forecasting 2017 sales of $1bn (£0.8bn). Deloitte believes vinyl revenues will enjoy their seventh consecutive year of double-digital growth, with 90 per cent coming from new and used discs and the rest from turntables and accessories. Read more: Vinyl comeback led by David Bowie [...]
The augmented workforce isn’t coming – it’s already here: Are you ready? March 15, 2017 Digital technology is moving at an unprecedented speed, raising some of the most difficult social, political and ethical questions of our time. Along with disrupting the way we live our lives, it’s fundamentally rewriting the rules of work. Deloitte’s human capital trends survey reveals that despite being the top priority for nine in 10 UK [...]