The business secrets behind Real Madrid’s Champions League success (hint: it’s not just the galacticos) February 15, 2017 Any mention of Real Madrid and most would think of lavish transfer fees, “galáctico” celebrity signings, huge riches and — of course — a sparkling trophy cabinet stuffed with silverware. Madrid take on Napoli in the Champions League tonight ranked among the favourites to win the competition, a feat that would secure them both a record [...]
Deloitte helps graduates on its scheme with East Village flats in London September 10, 2015 Deloitte, one of the Big Four accountancy firms, is helping its new graduate intake navigate London's housing crisis by reserving more than 40 flats in the former Olympic Athletes’ Village. The firm has joined forces with Get Living London, owner and manager of privately rented homes at what's now the trendy East Village, to help junior staff [...]
HgCapital investment trust’s share price soars on rising revenue and earnings September 12, 2016 HgCapital Trust’s share price jumped five per cent today after reporting revenue and earnings growth. The figures The company, which gives investors exposure to private equity firm HgCapital's portfolio, reported revenue growth of 12 per cent in the first six months of the year. Earnings before interest, taxation, depreciation and amortisation (Ebitda), meanwhile, were up 22 [...]
PwC pays largest ever uncontested fine to Financial Reporting Council over Cattles audit sign-off August 31, 2016 The Financial Reporting Council (FRC) today fined PwC £2.3m in relation to the 2007 audit of failed sub-prime lender Cattles. The fines are the highest ever imposed by the FRC for an uncontested disciplinary hearing and only surpassed by the £3m of penalties accepted on appeal by Deloitte in connection with the failure of MG Rover. Total fines of £3.5m were reduced [...]
Have Manchester United reached peak noodle partner? Why the club’s status as football’s commercial kings may be under threat February 11, 2017 Manchester United’s commercial power could be plateauing. Figures revealed this week in the club’s second quarter report suggest United, who have been more effective at selling their brand to sponsors than any other football club in the world in recent years, may have finally reached peak noodle partner. United’s commercial income came in virtually unchanged compared [...]
M&A activity into the UK fell by 42 per cent at the start of the year, but was up over 100 per cent for the rest of Europe June 13, 2016 The first quarter of 2016 was pretty bad for inbound UK merger and acquisition (M&A) activity. Deal values decreased by 42 per cent from $51.4bn (£36.1bn) in the first three months of 2015 to $30bn in the same period this year, according to analysis from Deloitte. During the same period in the rest of Europe, M&A investment increased from $35.6bn [...]
City law firm brought in to look into former BHS directors August 11, 2016 City law firm Jones Day has been appointed to look into the conduct of the former directors of BHS. According to Sky News, the firm has been hired by FRP Advisory – the second administrator drafted in to handle BHS. Read more: Here's how much Sir Philip Green's BHS pension bill has risen due to Brexit [...]
Sir Philip Green is now the fourth richest man in the UK after the death of the Duke of Westminster August 10, 2016 Sir Philip Green is now the fourth richest person in the UK after the death of billionaire landowner Gerald Cavendish Grosvenor, the former Duke of Westminster. The duke was the UK's third richest person until he died last night at the age of 64. His fortune was estimated at £8.3bn by Forbes magazine. Read more: Holiday like [...]
How UK media companies are surviving digital disruption June 7, 2016 The UK’s media and entertainment sector is in “rude health”, with revenues up 21 per cent since 2011, despite digital disruption. Deloitte’s Media Metrics 2016 report looked at the 100 largest UK companies in the area, finding a total turnover of £87bn in the firms’ latest accounts. Deloitte predicts this number, based on 2014 or [...]
Deloitte: UK savers must find extra £10k each year September 13, 2015 British savers will have to find an additional £10,000 each year from now until they retire if the nation is to close the growing so-called “savings gap” between incomes and retirement needs, according to a new report from Deloitte. The firm forecasts that the savings gap could hit £350bn by 2050 – almost £32bn more [...]