Deloitte pays partners more than £1m each as consulting revenues surge September 30, 2022 Deloitte today said its 672 equity partners will take away average payouts of £1.06m each after a bumper year for its advisory business saw the Big Four accounting firm’s revenues surge 10 per cent to £4.9bn. The uptick in Deloitte’s UK revenues for the year running up to 31 May 2022 came as sales [...]
Ex-Deloitte manager claims Deloitte defrauded VW and ignored #MeToo allegations January 19, 2022 A former manager at Deloitte has accused the firm of defrauding Volkswagen and failing to investigate allegations of sexual harassment in its Stuttgart office. The former manager, who is currently suing Deloitte for unfair dismissal, told a Stuttgart labour court that Deloitte overcharged Volkswagen, after billing the car manufacturer for more hours than it had [...]
Deloitte’s sport business forecast: Women’s football to reach new heights in 2022 December 31, 2021 This year has been one to remember for women’s football, with further significant growth in the women’s game, including a £30m sponsorship deal announced for the FA Women’s Super League and Women’s Championship, marking a new record for investment in women’s sport in the UK. More broadly beyond the UK, according to Deloitte’s analysis, 19 of the top 20 revenue [...]
Deloitte denies failing to protect ex-employee from bullying June 10, 2022 Deloitte has denied failing to protect a former female employee from being bullied after her relationship with a male partner ended. The Big Four firm denied that it had “failed” to stop the Deloitte partner Chris Holliday from harassing former risk analyst Katrina Jones, after she filed a lawsuit against the firm’s London office last [...]
Pandemic widened gap between Premier League and European rivals, says Deloitte August 18, 2022 The pandemic saw the Premier League increase its financial advantage over its rivals in European football, according to a report published today by Deloitte. Despite the almost total absence of ticket revenue as supporters remained locked out of stadiums, Premier League clubs grew revenue during the 2020-21 season and, unlike their competitors, reported improved operating [...]
Deloitte to hire 6,000 new UK staff over next five years August 22, 2022 Deloitte today set out plans to hire more than 6,000 new UK employees over the next five years in a bid to boost the quality of its audit work. The plans will see the accounting firm recruit at least 1,200 audit and assurance professionals each year from 2022- 2027, including around 5,000 new auditors. The [...]
Big Four: EY, Deloitte, KPMG, and PwC step on law firms’ toes increasing legal revenue to £1.25bn February 15, 2023 The Big Four accounting firms – EY, Deloitte, KPMG, and PwC – are capturing an ever-larger share of the global market for legal services. The accounting giants are rapidly expanding their legal businesses, in boosting their own sales and taking work away from traditional firms, the research from Said Business School shows. The world’s four [...]
Deloitte becomes last of the Big Four to exit Russia March 7, 2022 Accountancy and audit heavyweight Deloitte has become the last of the Big Four to pull out of Russia, following its invasion of Ukraine – joining EY earlier today. PwC and KPMG announced similar moves last night, citing the Russian government’s actions in Ukraine. Deloitte confirmed last week that it was reviewing its “business and presence [...]
Deloitte denies claims it is set to follow EY by splitting its business in two June 9, 2022 Deloitte has said claims it is considering splitting itself up, and spinning off its consulting business, are “categorically untrue”. The Big Four accountancy firm denied claims it is mulling over a split, after the Wall Street Journal yesterday reported that Deloitte is exploring the options of separating out its global audit and consulting practices. Instead, [...]
Why the Bank of England may be wary of a growing UK economic recovery July 12, 2024 Debapratim De at Deloitte reckoned the Bank of England will be in "no hurry" to cut interest rates after this morning's GDP figures.