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 [...]
Deloitte bets on rising growth to boost its profits August 11, 2013 PROFITS edged up at Deloitte LLP in the last year, the consultancy reported today, and the group expects the improving economy to give its fortunes a boost in the coming 12 months. Revenues increased eight per cent on the year to £2.5bn, driven by improvements in all five business divisions. The biggest gains came in [...]
Deloitte axes 190 HMV jobs January 31, 2013 HMV administrator Deloitte has axed 190 jobs from the business, it announced this afternoon. The redundancies have been made in HMV’s head office and distribution network. No retail jobs have been cut and the stores remain open, Deloitte said today. Giving an update on the potential sale of the business, joint administrator Nick Harding said: [...]
Deloitte partners roll up their sleeves for charity cook-off January 17, 2013 SEVEN partners from Deloitte shared a kitchen with MasterChef’s Michel Roux Jr this week. And not just in an attempt to improve the staff canteen, but to raise money for the charity Wildhearts. Affectionately known as the Deloitte MasterChef Canapé Challenge, the office competition saw seven senior partners cook live under the strict judging eye [...]