Entrepreneurs fighting for survival

Growth will take a backseat to survival for the UK’s entrepreneurs this year, according to the results of Deloitte’s annual Entrepreneurship UK report. Continue reading

Bootle: Recovery will be sluggish and protracted

The near-term outlook for the economy has improved but there remains a huge amount of uncertainty about what shape the recovery will take, according to Roger Bootle, economic adviser to Deloitte.

Mr Bootle said at least three key factors have driven the recent improvement in the economic indicators but none seem to set the stage for a sustainable and strong recovery. Instead, he warned that the recovery would be “sluggish and protracted”.

Continue reading

FTSE 100 pension scheme funding deficits spiral to more than £300bn

FTSE 100 pension schemes need more than £300bn to meet funding deficits, according to business advisory firm Deloitte. Continue reading

Mills & Reeve reports strong annual growth

The Birmingham office of national law firm Mills & Reeve has reported strong annual financial results, with turnover up by eight per cent.

In the year ending 31 May 2009, the Colmore Row based office, which last year celebrated its tenth year in Birmingham, increased turnover from £16.6 million to £17.9 million, representing the fifth consecutive year of annual growth. 

Continue reading

Birmingham’s hotels struggle in tough market

Birmingham’s hotel sector has seen revenue per available room (revPAR) fall by 12.3 per cent to just £41, the second lowest of the UK cities surveyed, according to the latest research by business advisory firm Deloitte. Continue reading

CFOs expect slow recovery, says Deloitte survey

There is a growing sense of optimism among UK chief financial officers (CFOs), according to the findings of the latest quarterly CFO Survey by Deloitte.

But while there is clear, though not universal, conviction among CFOs that the economy will recover during the next year, most expect the recovery to be marked by sluggish growth, a strong focus on cost control and tight lending conditions.

Continue reading

Insurance cuts could cost industry £1bn in lost premiums

Cuts in insurance spending by consumers have not been as severe as anticipated 12 months ago according to research conducted by YouGov for business advisory firm Deloitte.

Despite the current economic climate, just 13 per cent of consumers said they have cut back on insurance products in the last year in order to save money. However, 17 per cent said they would consider cutting back on insurance at the next renewal, which Deloitte predicts could cost the industry up to £1 billion in lost premiums.

Continue reading