Eurozone crisis pushes mergers and acquisitions to record low June 6, 2012 MERGER and acquisition (M&A) activity plummeted in the first quarter, official figures showed yesterday, as nervous firms slashed spending in the UK and abroad. UK firms spent just £0.7bn on acquisitions abroad in the first quarter, according to data from the Office for National Statistics (ONS) – down 94 per cent from £12.6bn in the [...]
Confidence up despite a new GDP downturn April 29, 2012 CONSUMERS are increasingly confident and feel more secure in their jobs than they did three months ago, according to a study out today, despite the UK officially returning to recession in the last quarter. Deloitte’s consumer tracker shows a fragile picture and only a small improvement on the final quarter of 2011, but does expect [...]
RISING STAR OF THE YEAR July 30, 2012 TODAY’S shorlists for City A.M.’s third annual awards present our pick of the best rising stars and fund managers in the Square Mile. Even in economically straitened times, there are plenty of young men and women in the City on the rise, as shown in the Rising Star category. From entrepreneurs and private equity experts [...]
Olympics stress test: Londoners to practise for the Games this week by working from home May 7, 2012 LONDONERS will this week stress test the capital’s readiness for this summer’s Olympics, with just over two months to go until the Games begin. Organised by Deloitte and Canary Wharf Group, up to 100 London firms will today and tomorrow perform a trial run of their plans for the Olympics, “to warm up for the [...]
Olympics stress test: Londoners to practise for the Games this week by working from home May 7, 2012 LONDONERS will this week stress test the capital’s readiness for this summer’s Olympics, with just over two months to go until the Games begin. Organised by Deloitte and Canary Wharf Group, up to 100 London firms will today and tomorrow perform a trial run of their plans for the Olympics, “to warm up for the [...]
What next if Greece leaves the euro? May 14, 2012 Q Wouldn’t this be a disaster for Greece? A The country’s GDP would take a big hit; UBS estimates that up to 50 per cent could be lost. Yet a currency devaluation may help the recovery, and debts could be written off. Q How would it actually work? A The Greek government would legally establish [...]
What next if Greece leaves the euro? May 14, 2012 Q Wouldn’t this be a disaster for Greece? A The country’s GDP would take a big hit; UBS estimates that up to 50 per cent could be lost. Yet a currency devaluation may help the recovery, and debts could be written off. Q How would it actually work? A The Greek government would legally establish [...]
Deloitte gets a boost from high revenues September 22, 2011 DELOITTE, the world’s largest accounting and consulting firm, said global revenue rose the most in three years in the 2011 fiscal year, helped by double-digit gains in advisory and consulting work. Deloitte’s member firms worldwide reported a record $28.8bn (£18.8bn) in revenue, up 8.4 per cent from 2010. In local currency terms, not accounting for [...]
Join the City Stress Test this May and get your Olympic plans in shape April 15, 2012 THIS Sunday’s Virgin London Marathon will signal the push off the starting block for many of us in the City in the sprint towards the 2012 Olympics. With little over one hundred days to go until the Games begin, many in the City will already find themselves wondering how their businesses are going to cope [...]
WHO’S SWITCHING JOBS May 2, 2012 Deloitte Kit Dickson has been appointed partner in Deloitte’s information reporting and withholding taxes group, part of its financial services practice. He joins from KPMG’s investment management practice, where he worked with institutional investor clients. He also previously led KPMG’s EU law group. Reyl Overseas The new subsidiary of Reyl & Cie, the Swiss bank, [...]