Deloitte upbeat despite lower partner profits

first_img Share Deloitte upbeat despite lower partner profits Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterRaid Shadow LegendsDon’t play this game if you are under 40 years oldRaid Shadow Legends Wednesday 25 August 2010 8:54 pm DELOITTE, one of the Big Four accountancy firms, has seen UK revenues fall for the second year in a row in the face of challenging markets and a difficult economic environment. The global firm posted £1.95bn in UK revenue for the year ended 31 May, marking a £16m fall from last year.“Despite a second successive year of very challenging markets for Deloitte and our clients, we are emerging from the recession with a very satisfactory performance,” said Deloitte senior partner and chief executive officer John Connolly.Connolly, said that revenue in Deloitte’s UK corporate finance division was up 10.6 per cent during the year, while income in the firm’s UK consulting business fell by four per cent and the group’s tax division saw revenue decrease by 2.3 per cent. Also, Deloitte’s UK auditing business posted a 2.9 per cent decline in revenue, despite winning FTSE 100 companies Kingfisher and Essar Energy as new audit clients.Connolly said that although the economic environment remained fragile, he anticipated a return to revenue growth for the firm’s audit, tax and consulting business by 2011.Meanwhile, Deloitte added 750 people to its roster during the year after bolstering its business through a series of acquisitions, most notably its January merger with property consultants, Drivers Jonas.Deloitte also added advisory firm ReportSource and Swiss group Exsigno to its consultancy division and expanded its risk and security business through the acquisition of IM Global and Simulstrat.Connolly added: “We will continue to look for opportunities to bring in highly skilled people who enable us to offer increased range and depth of advice to a broader number of clients.”Partners earned £873,000 in profits last year after pensions and annuities payable to retired partners, marking a drop from 2009 when partners earned £883,000.FAST FACTS | DELOITTE UK INCOMEOverall 2010 revenue fell £16m to £1.95bn.Corporate finance revenue up 10.6 per cent. Consultancy revenue down four per cent.Audit income fell 2.9 per cent.Tax revenue down by 2.3 per cent. whatsappcenter_img KCS-content whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Tags: NULLlast_img

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