How M&A buyers are taking a “watch and wait” approach to UK acquisitions ahead of EU referendum May 17, 2016 Another day, another M&A report, another conclusion relating to the EU referendum. Buyers are taking a “watch and wait” approach to UK acquisitions before the EU referendum next month, according to Deloitte. Global M&A activity has slumped so far in 2016 following a record-breaking 2015, in which more than $5 trillion worth of deals were announced. [...]
No, P2P lenders aren’t going to topple banks – but we don’t want to May 25, 2016 Peer-to-peer lending was born a decade ago and has offered an alternative and often more accessible route to funding for thousands of small and medium sized businesses. The sector’s popularity has exploded in recent years, leading many, including a newly published report from Deloitte, to assume that platforms now have the established banking sector in [...]
City Moves for 13 July 2016 | Who’s switching jobs July 13, 2016 Deloitte Deloitte has appointed Stephen Rees as a real estate senior advisor in its private client and family office group. Stephen will support family offices wishing to access UK commercial real estate, and provide a strategic and execution role as families continue to seek alternative investment opportunities in the UK. Stephen started his career at JLL, where [...]
City Moves for 4 October 2016 | Who’s switching jobs October 4, 2016 Edison Edison, an investor relations and investment research company, has hired Elliott Berstock to the role of account manager in the investor relations team. Elliott brings to Edison more than 10 years’ capital markets experience in the investment industry, joining from Capital Access Group, where he held the positions of associate director of investor relations and [...]
Final BHS stores set to close after 88 years on the high street August 28, 2016 BHS will disappear from the high street today after 88 years of trading, as the final 22 stores are set to shut. Administrators Duff & Phelps decided to start winding down the business in June when it became clear no buyer would take it on as a going concern. Read more: Holiday like Philip Green – the [...]
Fees soar for legal eagles, as law firms reveal they are modestly optimistic about their future June 14, 2016 Lawyers had reason to celebrate today, after a report revealed that fees at the top 100 law firms rose by 5.4 per cent in the year to April. The report by professional services firm Deloitte revealed that fee income in the last quarter of the financial year increased by an average of six per cent year-on-year. Firms are [...]
Here’s why banks have – and can keep – the upper hand over P2P lenders May 26, 2016 I asked a former chief investment officer of a huge bank a couple of years ago which bank would buy up P2P firms first. They replied: “no, which P2P firm will buy a bank?” Deloitte’s report this week on marketplace lending (MPL) suggests they were wrong. It concludes that the success of P2P lenders is [...]
Plenty of profit for UK partners after Deloitte reports strong earnings August 23, 2015 Deloitte UK partners received bumper payouts this year after high business confidence led to a robust company performance. The professional services firm’s revenue hit £2.71bn in the 12 months ending 31 May, up 6.4 per cent on the year before, it said this morning. Consultancy revenues led the way with a rise of 10.5 per [...]
PwC grows revenues by 11 per cent and champion long-term investment in technology and people September 12, 2016 Big Four accountants PwC reported double-digit revenue growth for the second year running. And although it warned that the impact of the Brexit vote is “still being worked through” it was confident Britain was agile enough to deal with change. Revenues grew by 11 per cent to £3.4bn for the year to June 2016 – a rate [...]
Pensions experts welcome news of Sir Philip Green’s BHS top up August 29, 2016 Pensions experts have given the thumbs up to news Sir Philip Green could be stumping up a substantial sum for the ailing BHS pension pot. It was reported over the weekend that Green, who has been working with Magic Circle outfit Linklaters and Big Four firm Deloitte to design a deal with the Pensions Regulator, could be writing a [...]