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News releases

December 2011

  • Global mergers and acquisitions decline 14% in Q4 2011
    London, 21 December 2011
    International M&A volumes decreased by 14% in the final quarter of 2011 compared to Q3 2011 and were down 18% compared to Q4 2010 (note 1) according to the Ernst & Young M&A Tracker, released today. Globally deal values were down 25% in the quarter (note 2) and are now at their lowest level since Q1 2010.
  • Ernst and Young sponsors World Future Energy Summit 2012 Project Village
    Abu Dhabi, 21 December 2011
    Ernst & Young is delighted to announce its sponsorship of the upcoming Project Village at the fifth World Future Energy Summit (WFES) in Abu Dhabi from 16-19 January 2012, as the developing world continues to be the driving force behind renewable energy investment.
  • A decade of change: new report reveals mega trends shaping the light vehicle industry in China 
    London, 16 December 2011
    Nine mega trends have been identified that will significantly impact the revenues, costs and profitability of the Chinese auto industry; the world’s largest market.
  • Bleak mid winter for the Eurozone
    Frankfurt, 15 December 2011
    The prospect of a mild recession in the Eurozone in the first half of 2012 is now looking increasingly likely according to Ernst & Young’s Eurozone Winter Forecast (EEF). Despite the reforms announced on 9 December, the details on how the agreement will be enforced remain unclear ensuring that volatility is likely to remain high in the near future, dampening growth prospects for the next six months at least.
  • Global IPO fundraising down 45% in 2011
    London, 8 December 2011
    After a promising start in the first two quarters, IPO activity dropped dramatically midway through the year, principally due to investors concerns about sovereign debt issues in Europe and Standard & Poor’s downgrade of US credit rating.
  • Media and Entertainment sector in India prime for investment
    London, 6 December 2011
    The Indian Media and Entertainment (M&E) industry registered revenues of US$16.3 billion in 2010 and is expected to be in excess of US$25 billion in the next four years, according to Ernst & Young’s report - ‘Spotlight on India’s Entertainment Economy’.
  • Shale gas in Europe: revolution or evolution?
    Doha, 5 December 2011
     In a report released today by Ernst & Young “Shale gas in Europe: revolution or evolution” indicates that while shale gas has had a transformative impact on the outlook for the US energy market, the impact on the European market may be more evolutionary in nature.
  • ‘Serial cross-border transactors’ add value, beating market returns by 67%
    London, 5 December 2011
    New research released today by Ernst & Young finds that organizations which undertook a series (three or more) of cross-border transactions beat the average market return  by 67 per cent, over a five year period since the deal emerged – a clear sign that mergers and acquisitions (M&A) have added value.
  • A new paradigm for oil and gas sector?
    London, 1 December 2011
    The fifth Ernst & Young Global Capital Confidence Barometer finds that more than half of all the oil and gas respondents remain cautiously optimistic about the broader global economy, with the majority focused on growth over the next 12 months and only 4% saying they were now focusing on survival. Half of the oil and gas executives expected to make an acquisition in the next 12 months.

November 2011

October 2011

  • Rush to adopt new technologies and media by global companies leaving security threats as an after-thought 
    London, 31 October 2011
    In the rush to “digitize” their businesses with new technologies and move into the increasingly borderless world of cloud computing and social media, global organizations are developing a growing gap between business needs and the ability to tackle new and complex security threats, according to Ernst & Young’s 14th annual Global Information Security Survey released today.
  • Window of opportunity for astute mining and metals acquirers 
    Sydney, 26 October 2011
    An uptick in mining and metals M&A activity in the final quarter of 2011 is likely as cashed up companies take advantage of recent declines in valuations to pursue acquisitions, says Ernst & Young’s Global Mining & Metals Transaction Advisory Leader, Lee Downham.
  • Rapid growth markets well-placed to weather economic storm
    London, 24 October 2011
    The dynamics of the global economy have changed with a new set of fast-growing markets challenging the position of the established advanced economies.
  • Entrepreneurs call on G20 governments to recognize role in job creation
    London, 18 October 2011
    What should the world's leading nations do to incentivize entrepreneurs, create jobs, and strengthen their economies? Entrepreneurs speak out: a call for action to G20 governments, released by Ernst & Young ahead of the G20 Young Entrepreneurs Summit (G20 YES) in France later this month, examines the policies and actions that can most quickly advance a global economic recovery.
  • Global IPO activity down 57% in Q3 with just 3 IPOs over US$1 billion
    London, 5 October 2011
    Global IPO activity has fallen sharply in Q3 2011, according to Ernst & Young’s Q3 Global IPO update. So far this quarter, a total of 284 deals raised US$28.5b, this compares with 383 IPOs worth US$65.6b for Q2’11 (a 26% decrease in number and 57% drop in capital raised).
  • Energy companies must reinvent themselves to compete
    London, 4 October 2011
    The introduction of smart technology in the energy market means that utility companies around the world need to fundamentally reinvent their relationship with their customer if they are to see off competition from potential new entrants such as retailers, technology companies and banks, a new report from Ernst & Young has warned.
  • Ernst & Young reports 2011 global revenues of US$22.9 billion
    London, 3 October 2011
    Ernst & Young today announced combined global revenues of US$22.9 billion for the financial year ended 30 June 2011, compared with US$21.3 billion in 2010, a 7.6% increase. In local currency, revenues grew 5.3%.
  • Surprising appetite for deals despite market turbulence
    London, 3 October 2011
    Despite economic turbulence and market turmoil, 41% of leading international companies expect to make an acquisition in the next 12 months, according to Ernst & Young’s latest Capital confidence barometer, based on a survey of more than 1,000 senior executives around the world. Surprisingly, that is a slight increase on six months ago, despite the intense market turmoil during August, when the survey was conducted.

September 2011

  • Urgent action required to avert renewed recession in Eurozone
    Frankfurt, 29 September 2011
    The Eurozone is now caught up in a new wave of sovereign debt fears and the threat of the crisis spreading throughout the region leading to a renewed recession has risen sharply according to Ernst & Young's Autumn Eurozone Forecast (EEF).
  • Global medtech industry emerging from global recession
    New York, 27 September 2011
    Publicly traded medtech companies in the US and Europe turned in a solid performance in 2010, outpacing 2009 growth rates in each of the major financial indicators and providing further evidence that the impact of the global recession on the industry may be lessening.
  • Inward investment in Russia set to continue to climb
    London, 16 September 2011
    Foreign investors are optimistic about the long-term growth possibilities that Russia presents according to Ernst & Young's first Russia Attractiveness Survey.
  • Private equity sees increased exit activity and improved returns in 2010
    London, 12 September 2011
    Private equity (PE) exit activity improved in 2010, compared with the previous two years, according to Return to warmer waters – How do private equity investors create value, two separate annual studies by Ernst & Young of the European and North American PE market.
  • Access to reserves biggest risk for the oil and gas sector
    London, 5 September 2011
    Access to reserves is the biggest current risk for oil and gas companies, according to Ernst & Young report Turn risks and opportunities into results released today.

August 2011

July 2011

June 2011

  • Hospitality and real estate CEOs optimistic about economic recovery 
    New York, 28 June 2011
    Nearly half say they are focused firmly on either raising or investing capital.
  • Despite renewed growth in 2010, Biotech industry faces R&D challenges
    New York, 14 June 2011
    The global biotechnology industry delivered solid top- and bottom-line growth in 2010, with the industry achieving aggregate profitability for the second year in a row.
  • Olivia Lum of Hyflux named Ernst & Young World Entrepreneur Of The Year 2011
    Monte Carlo, 5 June 2011
    Olivia Lum, Group CEO and president of Hyflux Limited, from Singapore, was last night named the Ernst & Young World Entrepreneur Of The Year 2011 at an awards ceremony held in Monte Carlo's Salle des Etoiles. Olivia was picked from among the 49 country finalists vying for the title, each of whom had already been named the Ernst & Young Entrepreneur Of The Year in their home countries.
  • Entrepreneurs are made, not born
    Monte Carlo and London, 2 June 2011
    An Ernst & Young report released today, Nature or nurture: Decoding the entrepreneur, based on survey of 685 entrepreneurs worldwide and in-depth interviews with winners of the Entrepreneur Of the Year award, provides insights into the shared characteristics, frustrations and career goals of some of the world's leading entrepreneurs.
  • Maria Pinelli announced as new Ernst & Young Global Vice Chair for Strategic Growth Markets
    London, 1 June 2011
    Ernst & Young, the global professional services organization, is pleased to announce the appointment of Maria Pinelli as the new Global Vice Chair for our Strategic Growth Markets (SGM) practice. She will succeed Greg Ericksen, who retires on 30 June after 35 years with Ernst & Young helping us build our leading entrepreneurial brand.

May 2011

  • US$1 trillion plus still tied up in working capital despite modest improvements
    London, 31 May 2011
    Companies in both the US and Europe managed to improve working capital performance in 2010 compared with 2009, with the key measure of cash-to-cash (C2C) dropping by 2% and 4%, respectively, according to Ernst & Young's latest Annual Working Capital Management Survey.
  • Diversification is key to growth in global renewables markets
    London, 26 May 2011
    Countries around the world are increasingly broadening the scope of their renewable energy portfolios amid challenging market conditions, according to Ernst & Young's latest quarterly global Renewable Energy Country Attractiveness Indices.
  • European companies complacent about rising fraud and corruption risks
    London, 18 May 2011
    Ernst & Young's 2011 European fraud survey shows that more than a third of employees polled at large companies across Europe are prepared to offer cash, gifts or entertainment to win business and nearly half are not aware of an anti-bribery policy at their company.
  • New standards may change deal structures and increase transparency for investors
    London, 13 May 2011
    Two new standards released by the International Accounting Standards Board, IFRS 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interest in Other Entities, will change how companies identify controlled entities and the manner in which deal structures are put together.
  • Technology mergers & acquisitions get off to a strong start in the first quarter of 2011
    New York, 12 May 2011
    Driven by trends like cloud computing, software as a service (SaaS), social networking, mobile communications and information security, global technology mergers & acquisitions (M&A) deals grew during the first quarter of 2011 both in the number of M&A deals — up 26% (to 794) — and in total value — up 124% (to US$27b) when compared to the same period last year, according to Ernst & Young's quarterly report, Global technology M&A update, January – March 2011.
  • Global public cleantech companies see strong growth
    London, 10 May 2011
    The aggregate net income of public specialized cleantech companies worldwide grew 126% to US$5.1b between 2009-2010, according to a new report by Ernst & Young.
  • Incremental innovation key to competitiveness
    London, 06 May 2011
    Despite the global recession, 87% of companies have grown their portfolio of products over the last three years, according to an Ernst & Young report Competing for growth released today.
  • India set to become global steel powerhouse
    Sydney, 04 May 2011
    India is set to become the world's steel powerhouse, with investment in the latest. most efficient technology forecast to surge. The rise of India and the issues, challenges and opportunities for the global steel sector are examined in a new Ernst & Young report, Global steel – 2010 trends, 2011 outlook.
  • Government procurement underestimated as driver of growth in the EU
    Brussels, 04 May 2011
    European competitiveness for innovation is falling backwards, with the US and Japan consolidating their lead, and BRIC countries quickly catching up according to Ernst & Young's Next generation innovation policy report, produced in co-operation with the Centre for European Policy Studies.

April 2011

  • Africa increasingly attractive to emerging market investors
    London, 03 May 2011
    Foreign investors see the huge long-term growth possibilities that Africa presents according to Ernst & Young's first Africa Attractiveness Survey which combines an analysis of investment into Africa over the last decade, with a survey of over 562 global executives on their views about how and where investment will take place in the next decade.
  • Mixed M&A messages as confidence surges
    London, 13 April 2011
    Against a backdrop of renewed global corporate confidence, one-third of global businesses are looking for new acquisitions in the next six months, suggesting an increase in M&A activity in the near term.
  • Wake up call for Chief Information Officers?
    London, 8 April 2011
    According to a new report, Innovating for growth, released today by Ernst & Young, 73% of respondents say the Chief Information Officer (CIO) could become a key figure in driving business change, yet just 15% believe the Information Technology (IT) function is very well prepared for future demands.
  • PE-backed IPOs see record deals sizes in Q1 2011
    London, 7 April 2011
    Despite a global events-driven slowdown across the broader IPO market, PE-backed companies executed some of the largest sponsored IPOs in history in the first quarter of 2011. In aggregate, PE-backed companies raised US$13.5b in 20 separate transactions in the first three months of this year, compared to US$7.2b in 27 deals in the same period in 2010, according to the latest Private Equity, Public Exits quarterly analysis by Ernst & Young.
  • Asia still dominates listings although US PE-backed IPOs return strongly in Q1
    London, 6 April 2011
    US PE-backed listings drove global IPO activity in the first quarter of 2011, with the New York Stock Exchange (NYSE) taking the lead among world exchanges for the first time in two years. While the US exchanges began closing the gap on Chinese IPO dominance (32%), the Greater Chinese exchanges raised more than a third of total capital raised (37%) globally. The last few weeks of the quarter saw choppy stock markets spiked by the Japanese disaster and Middle East political unrest, which slowed down the overall pace of global IPO activity, particularly in EMEIA, according to Ernst & Young's Q1 2011 Global IPO update.
  • Corporate cleantech investments evolve from efficient energy management to revenue generation opportunities
    London, 5 April, 2011
    Three-quarters of large international corporates plan to increase or significantly increase cleantech budgets between 2012 and 2014, according to Ernst & Young's second annual global survey of cleantech adoption. The survey questioned 300 corporations across all sectors with revenues of US$1bn or more. This year 44% of survey respondents anticipate their organizations  will spend over US$50 million on cleantech while 12% expect their spend to exceed US$250 million.
  • European buyout market slows in first quarter after surge in final quarter of 2010 UK and Germany continue to dominate European buyouts
    London, 5 April 2011
    The overall value of all European buyouts fell by over two-fifths in the first quarter of 2011 to €11.7bn following a strong final quarter of 2010 (€20.5bn) according to the latest data published by the Centre for Management Buyout Research (CMBOR), sponsored by Ernst & Young and Barclays Private Equity. .
  • No Spring time for the Eurozone as risks abound 
    Frankfurt, 4 April 2011
    The Eurozone economy is growing at a much slower pace than expected at this stage of a recovery with GDP estimated to increase by only 1.5% this year and 1.7% in 2012, according to Ernst & Young's quarterly Eurozone Forecast (EEF).

March 2011

  • Ernst & Young ranked number one for advisory in financial risk and controls globally 
    London, 7 March 2011
    Ernst & Young today announced that it has been ranked number one for advisory in financial risks and controls globally by FY09 revenue, by Kennedy Consulting Research & Advisory in its Financial Risk & Controls Advisory Marketplace 2010-2013 report.
  • Global IPO activity off to a strong start in 2011
    London, 7 March 2011
    Global IPO market activity is off to a record start in the first two months of 2011 with US$25.3 billion raised in 193 deals. Global investors seeking to capitalize on the emerging markets growth story have been fuelling stock markets rallies and new listings world-wide.

February 2011

January 2011

Ernst & Young press releases
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