Aug 28
Saturday
Deloitte to be world’s biggest accountant
John Connolly, Deloitte’s global chairman and dubbed “the UK’s best paid accountant” made £5.1m, down just 1pc from 2008.
“Our guys are financially very well rewarded and that’s because the firm has done well. Only 2008 was a bigger payer to partners,” he said.
According to Mr Connolly, when Deloitte publishes its global results in October the firm is set to reveal it has overtaken PriceWaterhouseCoopers to become the biggest of the “Big Four” accountancy houses globally.
However, Mr Connolly, who is set to retire in 2011, predicted the current financial year could prove even more successful despite describing future growth in the wider economy as “low and slow”. “We have already done very well in the first quarter of this year, so I expect we shall return to double-digit growth. The M&A market has started to get much busier and our tax business is growing well again. Changes in regulation also mean good business for us.”
The corporate finance division grew by 10.6pc, while revenues were down 2.9pc in audit and 4pc in consulting. The purchase of Drivers Jonas, as well as continued strength in the restructuring services – which included advising Dubai World, Jarvis and the Resolution Committee in Iceland – helped push profits higher.
However, the incoming Government spending cull is likely to hit Deloitte hard, where it represents 10pc of the company’s revenues.
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no responses - Posted 08.30.10
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Deloitte to be world’s biggest accountant
no responses - Posted 08.28.10
In Deloitte's UK annual results, the firm shrugged off the worst global recession since the 1930s to deliver profits just 15pc shy of 2008's record high on revenues that fell only 5pc short of 2008. The 672 partners will take home an average of £873,000 each on revenues of £1.9bn for the year ending 31 May 2010. John Connolly, Deloitte's global ... continue -
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no responses - Posted 08.26.10
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no responses - Posted 08.25.10
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no responses - Posted 08.25.10
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no responses - Posted 08.25.10
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no responses - Posted 08.25.10
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All entries filed under Industrial News
Now India threatens to shut down BlackBerry
no responses - Posted 08.15.10
Research in Motion, maker of the BlackBerry, is headed for a showdown with the Indian government, which has revived a threat to shut off service in the country in a row over access to customers' emails. India has toughened its position in the wake of reports that RIM has agreed to ...continue
no responses - Posted 08.15.10
Research in Motion, maker of the BlackBerry, is headed for a showdown with the Indian government, which has revived a threat to shut off service in the country in a row over access to customers' emails. India has toughened its position in the wake of reports that RIM has agreed to ...continue
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no responses - Posted 08.06.10
Saudi Arabia and BlackBerry maker Research In Motion (RIM.TO) are making progress in talks over access to the device's encrypted network, a source close to the negotiations said, and the kingdom had yet to carry out threats to cut its Messenger service early Friday morning. Canada also said it is talking ...continue
no responses - Posted 08.06.10
Saudi Arabia and BlackBerry maker Research In Motion (RIM.TO) are making progress in talks over access to the device's encrypted network, a source close to the negotiations said, and the kingdom had yet to carry out threats to cut its Messenger service early Friday morning. Canada also said it is talking ...continue
BlackBerry Ban in the Middle East
1 response - Posted 08.02.10
DUBAI, United Arab Emirates—Governments in the Middle East may be considering banning the immensely popular BlackBerry smartphone, on the grounds that the device undermines national security. A statement voicing concerns about the device was issued by the United Arab Emirates telecoms regulator on Sunday, prompting fears from the country’s half million ...continue
1 response - Posted 08.02.10
DUBAI, United Arab Emirates—Governments in the Middle East may be considering banning the immensely popular BlackBerry smartphone, on the grounds that the device undermines national security. A statement voicing concerns about the device was issued by the United Arab Emirates telecoms regulator on Sunday, prompting fears from the country’s half million ...continue
Ernst and Young Mena names new chairman
no responses - Posted 07.14.10
Ernst and Young Middle East and North Africa has announced the appointment of Abdulaziz Al-Sowailim as chairman and CEO. Having been with the firm for 22 years, Al-Sowailim will be responsible for leading growth plans for over 4,200 of the firm's staff across 20 offices in 15 countries in the ...continue
no responses - Posted 07.14.10
Ernst and Young Middle East and North Africa has announced the appointment of Abdulaziz Al-Sowailim as chairman and CEO. Having been with the firm for 22 years, Al-Sowailim will be responsible for leading growth plans for over 4,200 of the firm's staff across 20 offices in 15 countries in the ...continue
Ernst & Young helps female entrepreneurs grow their businesses
2 responses - Posted 05.18.10
At the beginning of 2010, Ernst & Young funded a study to determine the likelihood of success for female MBAs entering the workforce. In spite of women’s higher college GPAs, the study showed females take home just 80 percent, on average, of what their male colleagues earn. James Turley, the CEO ...continue
2 responses - Posted 05.18.10
At the beginning of 2010, Ernst & Young funded a study to determine the likelihood of success for female MBAs entering the workforce. In spite of women’s higher college GPAs, the study showed females take home just 80 percent, on average, of what their male colleagues earn. James Turley, the CEO ...continue
Deloitte launches tax website for mobiles
1 response - Posted 05.12.10
The UK tax wing of Big Four firm Deloitte has created a tax website to cater for smartphone users. Deloitte's new uktaxmobile.com site is a stripped down tax news and reference service optimised for smartphones. It includes weekly bulletins on business tax and VAT, podcasts, tax tables and longer articles. The firm ...continue
1 response - Posted 05.12.10
The UK tax wing of Big Four firm Deloitte has created a tax website to cater for smartphone users. Deloitte's new uktaxmobile.com site is a stripped down tax news and reference service optimised for smartphones. It includes weekly bulletins on business tax and VAT, podcasts, tax tables and longer articles. The firm ...continue
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