- 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.
- Ernst and Young statement on Barnier legislative proposals
London, 30 November 2011
Ernst & Young believes that several of the key proposals announced today by the European Commission on audit reform, should they come into effect, would damage audit quality and provide little or no added value while increasing the cost of audit at a time of economic uncertainty.
- Balance of trade to shift permanently to the east
London, 28 November 2011
Global trade which has long been dominated by so called “advanced economies” is now shifting permanently eastwards
- Government financial information not being used by the public
London, 24 November 2011
Essential stakeholders in the ongoing debt crisis and sovereign financial instability – such as international financing institutions, rating agencies, and the general public – are not seen as key users of governmental financial statements in many countries around the world according to a new Ernst & Young report launched today.
- High performers continue to mine growth opportunities despite global markets’ uncertainty
London, 23 November 2011
In a post-crisis economy characterized by market variation, increased volatility, growing cost pressure and stakeholder nervousness; the divide between agile businesses capitalizing from the growth opportunities the “new economy” presents and businesses struggling to respond to change, is becoming more pronounced.
- Rapid-growth markets provide driving force for renewable energy investment
London, 22 November 2011
While developed countries remain focused on slowing demand and cutting costs, an insatiable hunger for energy within the emerging markets now appears to be the surprising driving force behind renewable energy investment, according to Ernst & Young’s latest quarterly global renewable energy Country Attractiveness Indices report (CAI) released today.
- Eurozone crisis could lead to US$45 billion climate change funding gap
London, 17 November 2011
Report quantifies impact of austerity plans on climate change investment and finds less than a quarter of business leaders expect a deal at Durban.
- Ernst & Young announces the appointment of Randy Miller as Global Risk Leader
London, 16 November 2011
Based in Chicago, Randy will lead a global workforce of almost 8,000 professionals and will be driving progress toward market leadership in all aspects of Ernst & Young’s risk business.
- IASB Chairman outlines agenda in Ernst & Young’s inaugural magazine on corporate reporting
London, 16 November 2011
Ernst & Young has today launched a new magazine, Reporting, that includes thought-provoking views on issues affecting corporate reporting and governance.
- Accounting Boards’ proposals on revenue recognition to affect when entities can recognize revenue
London, 14 November 2011
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) today released revised proposals that will bring significant changes to when companies record their revenue.
- Ernst & Young receives top business award from P&G
New York, 10 November 2011
Ernst & Young has been honored as a top performing organization by Procter & Gamble Co. (NYSE: PG), for its excellent client service offering globally.
- Middle class purchasing power set to triple by 2030 world-wide due to rapid growth in emerging markets
Palm Springs, 9 November 2011
Companies will need to change their strategic direction to capitalize on new demands from a fast-growing global middle class, particularly in the emerging markets.
- Technology mergers and acquisitions value remains strong in 3Q 2011
New York, 9 November 2011
Smart mobility, business analytics, cloud computing, information security, healthcare IT and online and mobile games drive deal value; private equity deal values soar.
- Investors want greater board responsibility and accountability in key areas, 5th annual EY global hedge fund survey finds
New York, 8 November 2011
Perceptions among investors and managers differ on some key aspects related to governance, fund expenses, administration, succession and capital raising
- 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.
- 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.
- Political uncertainty and financial woes weigh on renewable energy
London, 30 August 2011
The ongoing Eurozone debt crisis and recent negotiations over US sovereign debt have had a significant impact on the financing of renewable energy projects, according to Ernst & Young's latest quarterly global Renewable energy country attractiveness indices.
- Oil demand likely to increase in Q3; supply less certain
London, 26 August 2011
Oil demand and prices should continue to rise in the third quarter of 2011 according to most forecasts. This is in spite of an uncertain economic recovery, deficit-reduction initiatives in the US and the debt crisis in Europe.
- Significant opportunities exist to transform Sarbanes-Oxley compliance functions
London, 25 August 2011
Companies can reduce their Sarbanes-Oxley (SOX) compliance challenges and find opportunities for operational improvement, according to a new report 'Thinking outside the SOX box' by Ernst & Young.
- Technology mergers and acquisitions value nearly doubles in Q2 2011
New York, 10 August 2011
Big-ticket deals drove the aggregate value of global technology mergers and acquisitions (M&A) to US$52.1bn in the second quarter of 2011, nearly doubling the deal value from an already strong first quarter, according to Ernst & Young's Global Technology M&A update, April – June 2011.
- Shaun Crawford appointed Ernst & Young Global Insurance Leader
London, 8 August 2011
Shaun Crawford, has been appointed to lead Ernst & Young's Global Insurance practice and Global Insurance Center based in London and New York.
- Resource nationalism tops miners' risk list, supply constraint risks dominate
Sydney, 8 August 2011
Annual report that ranks and analyzes the top 10 business risks for companies operating in the global mining and metals sector.
- Bob Patton Announced as Americas Vice Chair of Advisory Services for Ernst & Young LLP
New York, 2 August 2011
Ernst & Young has appointed Robert Patton as Americas Vice Chair of Advisory Services. He succeeds Bryan Segedi, who's been named Global Advisory Markets Leader.
- Greater expectations on tax and financial reporting create challenges for world's largest companies
London, 28 July 2011
Survey highlights need to integrate new compliance and reporting models
- Triggering a double-dip recession through fiscal consolidation ranked number one risk for governments
London, 26 July 2011
A new cross-border study explores the top 10 business risks and opportunities globally for governments and public sector organizations.
- Value of mining M&A continues to climb
London, 25 July 2011
The value of M&A in the global mining sector continues to climb, with total deal value for January-June 2011 double the same period in 2010.
- Ernst & Young announces 548 new partners worldwide
London, 18 July 2011
Ernst & Young has today announced the admission of 548 new partners across its global organization.
- Q2 2011 sees highest PE-backed IPO proceeds since 2007
London, 18 July 2011
PE-backed IPO activity in Q2 continued its upward trend as proceeds reached their highest quarterly total since the second quarter of 2007.
- Sales growth in rapid-growth markets three times higher than developed markets
London, 14 July 2011
Rapid-growth companies now leading-class operations
- European buyout market remains resilient in Q2
London, 7 July 2011
The 2011 European private equity buyout market is on course to match 2010 deal activity of €54.6b with €25.9b of deals recorded so far this year.
- In Q2, global IPO activity continues to rise significantly
London, 6 July 2011
Although Asia still leads in global IPOs, the US and Europe are closing the gap
- CFOs risk profitability by underestimating rapid growth market costs
London, 5 July 2011
Study suggests CFOs should have oversight throughout market entry process.
- Ernst & Young announces three-year sponsorship with Endeavor
London, 5 July 2011
Ernst & Young is delighted to announce a landmark three-year sponsorship with Endeavor, a not-for-profit organization that works with high-impact entrepreneurs in emerging markets to improve and grow their businesses with the goal of transforming emerging economies and establishing entrepreneurship as a leading force for sustainable economic development.
- 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.
- 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.
- 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).
- 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.
- Retail banks in developed markets still losing customer trust
London, 28 February 2011
Despite efforts by many banks to rebuild consumer confidence in the wake of the financial crisis, trust in banks fell in the past 12 months in countries hit hard by the downturn, according to a new survey report from Ernst & Young.
- Global consumer products deals to level off in 2011, despite strong growth in 2010
London, 17 February 2011
The total value of disclosed consumer products (CP) M&A deals announced in 2010 reached US$101.6 billion globally, compared with US$45.7b in 2009 – a 122% increase, according to Ernst & Young's Consumer Products Deals Quarterly.
- Pharmaceutical industry rapidly expanding partnerships with new entrants in health care space
New York and London, 15 February 2011
Pharmaceutical companies are dramatically increasing their investments in new and innovative offerings to meet the demands of a patient-empowered, data-driven, outcomes-focused future in health care.
- 2010 fourth quarter marks the end of a strong year of growth for technology mergers & acquisitions
New York, 9 February 2011
The number of global technology mergers and acquisitions (M&A) increased 27% year over year in the fourth quarter, capping a calendar year in which the full number of companies and private equity (PE) deals (2,658) increased 41% and total deal value (US$119 billion) increased 26% over 2009.
- Merger & acquisition deal value rebounds in Oil & Gas sector in 2010
London, 3 February 2011
Deals in the global oil and gas sector totaled $270 billion in 2010, 35% higher than the previous year, according to our latest sector transactions review.
- Leading across borders: new report reveals action steps for business leaders managing an increasingly global and interconnected workforce
Davos, Switzerland, 25 January 2011
Ernst & Young released a report outlining practical techniques that business leaders can implement to capitalize on the valuable perspectives and diverse skills of their global workforce.
- 2011 to see reawakening of hospitality sector
New York, London and San Diego, 24 January 2011
According to a report released today by Ernst & Young, a series of financial, operational, demographic and regulatory trends suggest that global hospitality markets will see more robust, broad-based growth by the end of this year.
- Globalisation on the rebound despite national tensions
London, 24 January 2011
A report released today by Ernst & Young in cooperation with the Economist Intelligence Unit (EIU) shows that, after a brief pause in 2009 and a modest rebound in 2010, the world's 60 largest economies will continue to globalise steadily between now and 2014, driven by the continued global economic recovery, technological innovation and the rise of the emerging markets.
- 2010 closes with second biggest oil demand increase in 30 years
London, 21 January 2011
Strong global economic growth at the close of 2010 created the second biggest demand spike in the past 30 years, according to Ernst & Young's Oil & Gas quarterly report.
- Tax policy under the microscope as authorities increase enforcement efforts
London, 20 January 2011
Even with an improving global economy, governments facing daunting deficits remain focused on raising revenues through taxation, with transfer pricing being a key instrument.
- Ernst & Young supports announcement of cooperative agreement
London, 10 January 2011
The global nature of corporate activity demands that audit regulators share information and cooperate across borders.
- Emerging markets drive volume growth in automotive sector in 2010
London, 7 January 2011
Demand for vehicles in mature markets improved and continued to grow in emerging markets. IPO activity increased significantly, demonstrating a return of investor confidence.