20 November 2009Study: Investor-led changes – largely implemented and hugely beneficial, say hedge fund managers The global downturn forced hedge fund managers to respond swiftly and radically to the demands of investors, finds a new survey published by Ernst & Young.
04 November 2009Study: Swiss want to cut back on Christmas presentsA representative survey of 500 Swiss consumers by the auditing and consulting services firm Ernst & Young has revealed that this year’s average budget for Christmas presents is CHF 267. One in three wants to spend less than in 2008; only five percent plan to increase their gift budget.
23 Oktober 2009Entrepreneur Of The Year® 2009: A Very Good YearErnst & Young crowns the entrepreneurs of the year. 400 prominent guests from the worlds of finance, politics and society attended the awards for the 2009 Ernst & Young Entrepreneur Of The Year® competition, held at the Gehry Auditorium on the Novartis Campus in Basel. The award is regarded as the highest of honors in the Swiss business sphere.
12 Oktober 2009Study: Global medtech industry holds steady amidst recessionNew funding and regulatory challenges emerge for the sector, according to Ernst & Young
06 October 2009Study: Stock market boom in China stimulates global IPO market:number of IPOs increases The number of IPOs almost doubled during the third quarter, the issue volume almost quadrupled / Significantly stronger activity in emerging markets than in industrialized nations / Only few IPOs in Europe (in German)
21 September 2009Switzerland as a place of business during and after the crisis Second place in the global location ranking / Swiss tax system viewed as less attractive / Challenges for Switzerland are innovation, entrepreneurship, R&D / Managers believe Switzerland will be best at mastering the economic crisis / Strong banking system the most critical success factor in tackling the crisis
03 August 2009Companies have great confidence in the Swiss economy in spite of crisisCompanies anticipate only slow improvement of the economic situation / Swiss franc and Swiss economic system enjoy highest confidence levels / Concerns over further energy price increases, high inflation and national debt
16 July 2009One trillion dollars in unused liquidityStudy by Ernst & Young reveals a lot of catching up to be done in working capital management
6 July 2009Analysis of the market capitalization of the most highly valued companies in the world - Swiss companies gain ground on the world’s stock marketsFour Swiss companies figure among the 100 most highly valued companies in the world / Most expensive Swiss companies: Nestlé and Roche Holding / Financial sector gains considerably in importance
6 July 2009Silver lining on the global IPO horizon in the second quarter of 2009: Number of companies going public is on the rise Ernst & Young analysis of initial public offerings in the second quarter of 2009: Deal value increased seven-fold compared to the prior quarter / Much more activity in emerging countries than in industrial countries / No sign of real improvement in Europe
25 June 2009Thomas Stenz to become Chairman of the Board of Directors of Ernst & Young Switzerland as per 1 July 2009The partners of Ernst & Young Switzerland have chosen Thomas Stenz to succeed Andreas Müller as Chairman of the Board of Directors. Thomas Stenz will assume his new role at the beginning of the next financial year on July 1, 2009 and will remain Head of Audit for a transitional period.
8 June 2009Medium-sized businesses detect signs of an end to the downswingErnst & Young Survey: "Medium-sized business barometer June 2009": Further deterioration in business performance / Positive business expectations prevail again / Criticism of the government's stimulus packages / Negative fallout feared for Swiss firms amid international tax debates
26 May 2009Ernst & Young Guide: «Worldwide fiscal stimulus – tax policy plays a major role»: Tax policy plays a vital role in economic stimulus activitiesErnst & Young guide outlines key tax trends in fiscal stimulus packages across the world
19 May 2009«Ernst & Young European Fraud Survey»: Fraud risk on the increase across Switzerland as recession bites«Ernst & Young Fraud survey» reveals alarmingly high tolerance of unethical business behavior in Switzerland.
5 May 2009“Beyond Borders: Ernst & Young Global Biotechnology Report 2009”: Global financial crisis profoundly strains biotechnology business modelDespite worldwide economic turmoil, the global biotechnology industry delivered a solid financial performance in 2008, according to Beyond borders: Global biotechnology report 2009, Ernst & Young’s 23rd annual report on the biotech industry.
7 April 2009IPO activity continues to slow with just 50 IPOs worldwide in Q1 2009Global IPO activity continues to stall, according to Ernst & Young’s “2009 Q1 Global IPO Update”. A total of 50 IPOs worldwide raised just US$1.4 billion in capital between 1 January and 31 March 2009. Only two deals raised over US$100 million. This compares with 78 IPOs worth US$2.6 billion the prior quarter. IPO activity has fallen sharply year-on-year. In Q1 2008, 251 IPOs raised US$41.2 billion in capital (this included the VISA IPO US$19.7 billion, which was the largest US IPO in history).
2 April 2009"2009 Ernst & Young Real Estate Business Risk Report": Back to basics approach neededIt is no surprise that the continuing economic uncertainty throughout world markets and the lingering impact of a global credit crunch are seen as the greatest risks faced by real estate companies.
31 March 2009Swiss biotechnology is growing despite the difficult climateThe Swiss biotech sector continued growing in 2008. Although risk capital proved harder to come by than in the record year of 2007, the sector nonetheless managed to expand by achieving higher sales, licensing new products and starting up new companies. These are the main findings of this year’s Swiss Biotech Report, which was presented today as part of ‘Swiss Equity biotech day’.
30 March 2009Changes in Ernst & Young Switzerland’s Management CommitteeStefan Amstad, Willy Hofstetter and Louis Siegrist to become new members of the Management Committee. Thomas Huwyler, Markus Schweizer and Martin Studer to take on other management roles in the global organization.
19 March 2009New approaches to divesting are required to secure value at a time of economic volatilityUnprecedented economic volatility means that the ‘accepted’ divestment norms no longer apply, according to a new Ernst & Young report. Companies now need to think more creatively, prepare more carefully, act more decisively and with greater flexibility to ensure their deals are successful – and all within a timeframe over which they have little control.
5 March 2009Crisis affecting medium-sized businesses in SwitzerlandThe international financial and economic crisis is now affecting medium-sized businesses in Switzerland. Companies not only expect a deterioration in their circumstances but also plan to cut back on their investments and employ fewer staff. Most medium-sized businesses in Switzerland are expected to even start reducing their workforces. These are the findings of the "Medium-sized business barometer 2009" conducted by professional services company Ernst & Young Switzerland. The study is based on the responses of 700 medium-sized businesses in Switzerland to a survey conducted in February 2009.
25 February 2009Survey finds “goodwill” accounts for almost half of enterprise value in acquisitionsWith the increasing importance placed by regulators on fair value measurements, it is interesting to note that clearly identified intangible assets, such as brands, represented on average just 23% of enterprise value, while 47% of enterprise value was ascribed to “goodwill” in recent corporate transactions surveyed for a report released today by leading professional services organization Ernst & Young.
17 February 2009European insurance industry set to grow despite economic uncertainty The European insurance industry is expected to continue to grow this year albeit at a slower pace than previous years, according to Ernst & Young in its 2009 outlook.
16 February 2009Cash is king across the globe as corporates tighten their beltsAn Ernst & Young report released today, “Opportunities in Adversity”, highlights how nearly 350 major global corporates – including 8 Swiss companies – are adapting their business strategies to a deep international recession and how their key priorities are evolving for the next 12 months.
12 February 2009Reputation and brand a major force driving Information Security The Ernst & Young 2008 Global Information Security Survey shows that a growing number of organizations recognize the link between information security and a strong brand and reputation.
28 January 2009Ernst & Young report highlights the vast potential of women as an economic forceErnst & Young today released a report during the World Economic Forum that highlights the significant and proven contributions women make toward business and economic growth. The report, Groundbreakers: Using the strength of women to rebuild the global economy, builds a powerful case for the advancement of women around the world as an overlooked and untapped way to meet the challenges of our global economy.
26 January 2009Risk management increasingly in spotlight as credit crunch aftershocks continue Business is increasing its focus on a wide variety of risks as global economic conditions worsen in the aftermath of the credit crunch, according to the 2009 Ernst & Young Business Risk Report. The annual top-ten ranking, published by leading global professional services organization Ernst & Young in conjunction with strategy consultancy Oxford Analytica, reveals that companies around the world are realizing the importance of a thorough and robust risk management effort across related risk areas.
23 January 2009Top consumer products companies could release up to US$29 billion in cash A new study of the world’s largest consumer products companies reveals that better management of working capital could release between US$15 billion and US$29 billion, roughly equal to 16% of the their net debt.
12 January 2009Ernst & Young welcomes prospect of a global accounting language but warns that 2009 will be a critical year for IFRS Ernst & Young welcomes the fact that, despite a difficult year for companies and global economies, the major capital markets of the world are moving ever closer to adopting International Financial Reporting Standards (IFRS) as the globally recognized accounting language. But 2009 will be a critical year in this process, and the challenges now faced must not be allowed to derail the significant progress made to date.
Daniel Cavelti +41 58 286 33 48
Simone Isermann +41 58 286 35 97
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