Deloitte’s bid to overturn MG Rover collapse tribunal findings succeeds January 30, 2015 Deloitte looks certain to reduce a record £14m fine after succeeding in its appeal to overturn several findings of a tribunal by the accounting watchdog over its role in the collapse of MG Rover. An independent tribunal for the Financial Reporting Council (FRC) today overturned eight of the 13 findings from the original tribunal which took [...]
Deloitte Money League: Premier League teams dominate football rich list January 21, 2015 Fresh evidence of English football’s financial supremacy has emerged after research found that all 20 Premier League teams have made it on to a new list of the world’s 40 richest clubs. Manchester United, Manchester City, Chelsea, Arsenal and Liverpool are all in the top 10 of Deloitte’s Football Money League, which ranks clubs by [...]
Deloitte Football Money League: Real Madrid stay top of rich list as English clubs’ influence increases January 21, 2015 Deloitte’s Dan Jones talks Frank Dalleres through the Football Money League. PREMIER LEAGUE SUPREMACY England’s top-flight teams have never been richer. More than £5bn worth of contracts with broadcasters kicked in last season, leading to record revenue for all 20 clubs and an unprecedented global financial dominance. Every single Premier League team makes it [...]
Deloitte: Facebook added $6.6bn to the UK economy in 2014 January 20, 2015 Facebook added $227bn (£149bn) to the global economy in 2014, according to a Deloitte and Touche report commissioned by the social media giant. Although Facebook only generated revenue of $12bn (£7.9bn) in the financial year, the report calculates all the economic activity “enabled” by the social media platform. These include businesses with pages [...]
Canadian pension fund Ivanhoe Cambridge buys Deloitte’s London HQ Stonecutter Court for £112m December 8, 2014 Canada's second-largest pension fund has bought Deloitte’s City offices from Hines Global Reit for £112m as it looks to step up its exposure to the London office property market. Ivanhoe Cambridge, the real estate arm of Canada’s Caisse de depot et placement du Quebec, said yesterday it has bought Stonecutter Court near Holborn. [...]
Deloitte probes Bank of England payments crash November 24, 2014 The Bank of England yesterday hired Deloitte to investigate the crash in its payments systems last month. On 20 October the, Real-Tim Gross Settlement (RTGS) system failed, causing faults in the Chaps payments channel, which is used for large-scale transactions. The system is largely used by companies and banks to transfer funds, but individuals also [...]
Deloitte launches £25m fund for employees to create their own startup businesses November 16, 2014 Big four accountancy firm Deloitte today announced it had started a £25m internal investment fund to allow its employees to create their own startup businesses. If their idea is chosen, employees will be given funding and allowed to work full time on developing their business ideas while receiving “incubator” support from the firm to turn [...]
Bitcoin media coverage distracting from its true potential says Deloitte July 1, 2014 Overzealous media coverage of the controversial aspects of Bitcoin, such as criminal activity, price volatility and exchange collapses could be distracting governments and private businesses from the long-term potential of the cryptocurrency, according to a new report from Deloitte University Press. The report highlights the evolutionary nature of Bitcoin and its potential to be much [...]
Technology the biggest threat to European banking sector, says Deloitte June 23, 2014 Banks must begin a more radical transformation to adapt as technology threatens the traditional European retail banking model, according to Deloitte. In a report released today, Deloitte warns that while banks may "take comfort from their success in fending off the first internet-based challengers to their market", customer expectations are increasing and the challenges to [...]
Deloitte hit by record fine for MG Rover work September 9, 2013 DELOITTE has been fined a record-breaking £14m and slapped with its first ever severe reprimand from the accountancy watchdog for failing to manage conflicts of interest when advising MG Rover and its owners. An independent tribunal for the Financial Reporting Council agreed with 13 allegations of misconduct in Deloitte’s role in the run-up to the [...]