‘Reason for cautious optimism’: UK consumer confidence rebound on cards January 20, 2025 Consumer confidence is set for a pick-up this year as the economy starts to improve and the UK adjusts to higher costs, according to a new survey. While the end of last year was gloomy for both businesses and consumers, analysts at Deloitte have said there is “reason for cautious optimism” going into the summer. [...]
English football’s record year for legal spending – can it stay secret? January 19, 2025 Before the Christmas break the Premier League published an article posing the question: what Premier League records for a calendar year can still be broken? While fans watched the glut of fixtures over Christmas, another record had already been set: 2024 was the year that English football was dominated by legal disputes. The Premier League [...]
UK CFOs set to cut hiring and slash investment following Budget January 13, 2025 Finance chiefs at UK businesses are focused on cutting costs in the wake of the Budget, with investment and hiring set to suffer as a result. Over half (52 per cent) of CFOs surveyed by Deloitte said cost reduction was a strong priority for their business in the wake of the Chancellor’s tax raid. The [...]
Big Four UK: 900 redundancies and counting over 2024 December 5, 2024 Over 900 roles were made redundant at the UK Big Four firms over 2024, as the accountancy giants lit up the headlines for a second year running
Construction projects in London dipped but developer optimism remained November 28, 2024 Construction projects in London dipped this year, but positive signals like lower interest rates and easing construction cost inflation have boosted optimism amongst developers. The number of construction projects started between April and September this year fell by 12 per cent, with refurbishments down 57 per cent, according to the Deloitte London office crane survey. [...]
Spike in PwC partners taking early retirement amid Big Four slowdown November 21, 2024 A larger-than-usual number of partners at PwC are choosing to step down at the end of this year, as the Big Four accountant looks to boost its performance amid slowing growth. The financial services giant’s 1,030 partners learned earlier this week that several dozen of their colleagues would be taking early retirement, after new UK [...]
Deloitte to cut more UK advisory roles after slashing hundreds last month November 19, 2024 Big Four firm Deloitte is set to cut even more job roles across its UK advisory divisions, less than a month after it axed 250 roles in the same department
Wood Group shares slump as it launches write-offs review November 7, 2024 Wood Group shares nosedived 55 per cent today after the engineering firm unveiled a Deloitte-led review of its operations, sparking investor concern. The review, launched in response to recent large-scale project write-offs, will assess the firm’s contract accounting and governance. It may also potentially lead to financial restatements. The review was announced alongside a trading [...]
Employers wake up! Your staff are already using AI in the office November 4, 2024 Employees are outpacing their own employers when it comes to using AI. It's time for companies to catch up, writes Lorraine Barnes.
Deloitte cuts 250 underperforming staff in UK October 23, 2024 Big Four firm Deloitte has cut 250 members of staff in the UK, as the firm embarks on yet another round of redundancies amidst profits stalling