Midlands administrations fall by 45 per cent in 2010

The total number of Midlands companies falling into administration in 2010 declined by 45 per cent from 577 in 2009 to 316, according to research by business advisory firm Deloitte.

During the last quarter of 2010, 71 administrations were recorded in the region, compared to 68 during the previous quarter. However, this compares favourably to the 109 administrations in Q4 2009.

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Confidence rebounds as CFOs plan for growth in 2011

Chief finance officers (CFOs) at major UK companies entered 2011 in a more buoyant mood with a new focus on growth, according to the findings of the latest Deloitte CFO Survey.

CFO confidence rebounded in the fourth quarter of 2010, regaining much of the ground lost in the second and third quarters. Fears of a double dip have abated from the levels seen earlier in the year.

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Multi-channel consumers spend over 80 per cent more than store only shoppers

Shoppers who use the internet, catalogue or a contact centre before making a purchase spend 82 per cent more per transaction than a customer who only shops in store, according to new research from business advisory firm Deloitte

The average spend for multi-channel consumers across clothing, home and electrical categories is £116 per transaction compared with just £64 for store-only customers. 

The research also found that by value, 38 per cent of all retail transactions across the clothing, electrical and home sectors are now influenced by the internet, with 21 per cent coming from direct online purchases whilst 17 per cent are multi-channel transactions.  

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Time for manufacturers to take risks

Risk averse manufacturers in the Midlands are stifling potential growth in exports and in doing so are stalling economic growth in the region, according to a leading academic and business commentator.

Professor David Bailey from Coventry University Business School said the UK was too reliant on the US and Eurozone for its exports and needed to look further afield to countries such as China and India, where there are rapidly expanding markets. Continue reading

UK business overlooking Olympic opportunities and risks

Less than half of the large companies outside London are prepared to take advantage of the business opportunities presented by the London 2012 Olympic and Paralympic Games and are unprepared for the potential risks, according to research by Deloitte.

Thirty-two per cent of the companies surveyed said they have not started planning “because they do not need to”, while the same number said they have not started and “do not intend to”.  Less than a third (28 per cent) said their plans are either on track or are ahead of schedule. Continue reading

Deloitte strengthens corporate finance team

Professional services firm Deloitte has significantly strengthened its corporate finance advisory team in Birmingham with the appointment of Steve White as senior director.

Steve, an experienced transactor, joins the team from Deloitte in the South East, where he led the firm’s corporate finance team in Cambridge and St Albans.

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Deloitte staff raise £1m in one month for charity

Staff and partners at business advisory firm Deloitte have raised £1million for charity in just one month.

The money, which will be donated to the firm’s nominated charity partners, was raised from a series of events and activities, including the inaugural Deloitte Ride Across Britain from John O’Groats to Land’s End and the JP Morgan Chase Corporate Challenge in London.

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