UK CFOs gear up for growth following the election
Corporate risk appetite among UK CFOs has seen its biggest rise in more than four years, following the general election;
Deloitte’s Annual Review of Football Finance: European football market revenues rise by 16% to €35.3 billion in 2022/23 season
The European football market grew by 16% in the 2022/23 season to €35.3bn, boosted by the lifting of all remaining COVID-19 restrictions and the 2022 FIFA World Cup; The ‘big five’ European leagues generated total revenue of €19.6bn, up €2.3bn (14%) on the previous season, and reported an aggregate operating profit (€0.5bn) for the first time since 2018/19; Premier League clubs’ revenue…
Over 18 million people in the UK have now used Generative AI
Over a third of people in the UK (36%) have now used Generative AI* (GenAI), equivalent to 18 million people aged between 16-75; Seven million people have used GenAI for work, up 66% from four million a year ago; Of those using GenAI, one in 10 (10%) use it daily, one in four (26%) weekly, and two in five (41%) use it less than monthly; Three quarters (74%) of people who have used GenAI for work…
Deloitte Cambridge opens new business lounge
The Life Sciences Catalyst Business Lounge, designed to be a regional hotspot for start-ups and world-leading businesses in the life sciences sector, has been opened by Deloitte Cambridge.
Deloitte Cambridge appoints new office senior partner
Deloitte has appointed Julian Rae as the new office senior partner for Deloitte Cambridge following Paul Schofield’s decision to step down after 10 years at the helm.
Deloitte’s UK Technology Fast 50 Awards open for nominations now
27th edition of the awards recognises the fastest growing technology companies in the UK, entry now open.
Global pharma companies’ return on R&D investment increases after record low
Projected return on innovation in pharma R&D in 2023 has risen to 4.1 per cent, indicating a potential recovery from the long term downward trend in R&D productivity; The top 20 global pharmaceutical companies spent $145 billion on R&D investments in 2022-23*; AI is yet to become a ‘game-changer’ in pharma R&D.
Business confidence up and uncertainty down for UK CFOs
Sentiment among UK CFOs has risen for the third consecutive quarter; Uncertainty has fallen to a two-and-a-half-year low, back to levels seen in summer 2021 when lockdown restrictions were ending; Corporate risk appetite has risen, but CFOs maintain a defensive strategy stance; Cyber-attacks are the top concern for CFOs when it comes to the consequences of geopolitical developments; …
Deloitte comments on new car reg figures for March 2024
Jamie Hamilton, automotive partner and head of electric vehicles at Deloitte, said: “New car registrations grew by 10.4% last month in the best March since 2019. This is particularly significant given this month remains the most important in the automotive industry calendar, with around a fifth of all new sales recorded following the launch of latest number plate. The introduction of the new …
Gen Z and millennials more likely than others to favour car subscription service over ownership model
One in five consumers of all ages (18%) prefer car subscription service and this interest increases among 18-34-year-olds (28%); Nearly a third (32%) of consumers say they would consider purchasing insurance directly from the manufacturer if given the option; Nearly three quarters of consumers (71%) say they expect to spend less than £30,000 for a new or used vehicle; 6% worried about…
Non-dom regime may create winners and losers
The Chancellor announces that current rules for non-UK domiciled individuals will be abolished from 6 April 2025 and replaced by a new residence-based regime.
Real Madrid returns to the top of the Deloitte Football Money League, as matchday and commercial revenues surge across Europe
The 20 highest revenue generating clubs in world football earned a record-breaking €10.5bn in the 2022/23 season, according to the 27th edition of the Football Money League published by Deloitte’s Sports Business Group. This sum, a 14% increase over the previous year, comes as Money League clubs reported record commercial and matchday revenues of €4.4bn and €1.9bn.
CFOs start the new year in positive spirits
Sentiment among UK CFOs has risen for the second consecutive quarter, with optimism running well above average levels; Inflation and high interest rates ha
UK falling behind rest of the world on realising value from new technology - Deloitte
New research from Deloitte reveals the top barriers to implementing and monetising digital technologies such as Cloud, AI and machine learning; Three-quarters of UK organisations believe that digital transformation is the single most important investment they can make; But, 30% of UK organisations lack a transformation strategy, while nearly a third lack understanding of new technology.
High prices continue to come at a cost to the planet, but sustainable products are a priority for consumers
Cost is a barrier to adopting a more sustainable lifestyle, with the majority of those not doing so saying it is too expensive (62%); One in three (30%) stopped purchasing certain brands and products because of sustainability-related concerns; However, one in four (26%) are still prepared to pay more for sustainable products; Consumers concentrate on ‘at home’ sustainable behaviours such as…
Deloitte CFO survey: Debt falls out of favour with UK finance chiefs
Against a backdrop of elevated interest rates, Deloitte’s Q3 CFO survey shows finance leaders continuing to focus on defensive balance sheet strategies. UK CFOs now rate bank borrowing as being more unattractive as a source of corporate financing than at any time since the survey began, with a net -37%1 rating it as attractive.
Deloitte opens applications for new cohort of digital skills programme for charities
Deloitte has opened applications for up to 40 charities and social enterprises to join the third cohort of Deloitte Digital Connect, a programme that helps charities scale their digital impact.
One-in-three people with streaming subscriptions share accounts with other households
Deloitte estimates that 35% of people with access to a subscription-video-on-demand (SVOD) service are sharing at least one of their subscriptions with other households; One-in-four users (25%) are sharing the cost of an SVOD platform they use, rising to 34% for 16-24 year-olds; More than half (57%) of respondents who share a paid SVOD service say they would stop using the service if…
Deloitte Cambridge and St Albans announce promotions
Deloitte’s Cambridge and St Albans practices have announced promotions for this year.
Deloitte’s UK Technology Fast 50 Awards open for nominations until 1 September
26th edition of the awards recognises the fastest growing technology companies in the UK.
Corporate optimism dips for UK CFOs
Confidence among the finance leaders of the UK’s largest firms has dipped in the second quarter, partially unwinding the sharp rise in sentiment seen in Q1 2023, according to Deloitte’s UK CFO Survey Q2 2023.
More than four million people in the UK have used Generative AI for work
Deloitte’s annual survey of the UK’s digital behaviours looked at Generative AI for the first time.
University students get first-hand experience of the world of work through Deloitte’s Summer Vacation Scheme
Deloitte’s flagship Summer Vacation Scheme will welcome just over 450 university students from across the UK this week. In its fourteenth year the scheme gives 452 students first-hand experience of what they can expect from a career at Deloitte, working closely with the audit & assurance, consulting, tax & legal, risk advisory and financial advisory business areas.
Business confidence bounces back for CFOs, according to Deloitte's UK CFO survey Q1 2023
Sharpest rise in CFO optimism since 2020; Survey shows biggest decline on record for CFOs’ perceptions of external uncertainty; Brexit and energy risks ease; CFOs see artificial intelligence driving investment and productivity, but are divided on impact on jobs within the workforce.
Deloitte marks ten years of Spring into Deloitte undergraduate programme
Deloitte is celebrating ten years of Spring into Deloitte, a two-day programme that introduces undergraduate students to the world of work. Since first launching in April 2013, Deloitte has welcomed over 1,000 students from Universities across the UK to learn about the firm and a career in professional services. Attendees can be fast tracked onto Deloitte’s Summer Vacation Scheme or…