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December 2014

EY appoints Monica Dimitracopoulos as Global Knowledge Transformation Leader
Washington, D.C., 18 December 2014
EY is delighted to announce the appointment of Monica Dimitracopoulos as Principal and Global Knowledge Transformation Leader.


High-growth financial services companies are using data and analytics to increase revenue
London, 17 December 2014
Although 83% of financial services executives claim data is their firms’ most strategic asset, 47% say they do not have a full grasp of that value, with high-growth firms being the most adept at maximizing their data’s potential, according to EY’s The science of winning in financial services.


Mining and metals sector looks to recovery beginning in 2015
Sydney, 15 December 2014
Mike Elliott, EY Global Mining & Metals Leader, says 2015 should see some early recovery for mining and metals, but not before more pain for some parts of the sector.


European asset management industry plays a crucial and growing role in financing the real economy
London, 15 December 2014
It is estimated that the European asset management industry contributes an average of 0.35% per year to European GDP and has very significant potential to fill the gap left by banks in providing finance to European economy, according to Societal and Economic Impacts of the European Asset Management Industry, a report by Jens Hagendorff, Professor of Finance & Investment at the University of Edinburgh, sponsored by EY.


EY’s Transaction Advisory Services named the Accountancy Firm of the Year for 2014
London, 12 December 2014
Our Transaction Advisory Services practice was named the Accountancy Firm of the Year in Europe for the fourth time in five years by Mergermarket.


Life insurers turn to digital solutions to continue growth
New York, 11 December 2014
Technological advances will help insurers build upon recent improvement in annuity and life insurance sales to tap new markets and face competition from alternative business models, according to the 2015 EY US life-annuity insurance outlook.


With exports expected to rise by 3.7% in 2015 and investments spending to accelerate the pace, eurozone recovers gradually
Frankfurt, 11 December 2014
Although the second half of 2014 saw a continued slow pace of recovery and a revival of fears about the eurozone’s long-term future in the final months of 2014, GDP growth is expected to pick up from 0.8% in 2014 to 1.2% in 2015, and then 1.6% a year in 2016-18 according to the December 2014 issue of the EY Eurozone Forecast (EEF).


Property/casualty insurers may face challenging market in 2015
New York, 10 December 2014
U.S. property/casualty insurers must proactively address competitive pressures, increased risk and regulatory burdens to continue growth in a market that shows signs of both opportunity and challenge, according to the 2015 EY US property/casualty insurance outlook.


Global IPOs outperform main indices in good, not epic, year
London, 10 December 2014
Global IPO activity continues to strengthen. In 2014, 1,206 IPOs raised US$256.5b, a 35% increase in volume and a 50% increase in value compared to 2013, according to the report: EY Global IPO Trends: 2014 Q4.


EY announces the appointment of Kristina Rogers to Consumer Products Global Leader
London, 9 December 2014
EY announces the appointment of Kristina Rogers to Consumer Products (CP) Global Leader, succeeding Mark Beischel. Canadian-born Rogers has been CP Global Emerging Markets Leader since early 2013 and is based in Turkey.


Creative and cultural industries play key role in European recovery
Brussels, 2 December 2014
Creative and cultural industries are undeniably part of the solution to the economic crisis that has had the European continent in its grip for years according to the new EY study Creating Growth - Measuring Cultural and Creative Markets in the EU.


Worldwide oil and gas reserves rise while profits fall
London, 2 December 2014
Worldwide oil and gas reserves increased by 11% and 3%, respectively, while capital expenditures among the oil and gas study companies increased 25% in 2013, compared to 2012, according to EY’s annual Global oil and gas reserves study.


November 2014

Soaring growth appetite boosts deal value to six-year high in consumer products sector
London, 26 November 2014
The number of consumer products (CP) companies focused on growth increased to 52% (up from 38% six months ago) according to EY’s 11th bi-annual Global Capital Confidence Barometer, a survey of more than 1,600 senior executives in more than 60 countries, of which 298 were from CP companies.


EY launches new program to support high-potential entrepreneurs
London, 20 November 2014
EY has launched Accelerating Entrepreneurs, a program to give six high-potential entrepreneurs from around the world support to scale up their business, by receiving expert one-to-one guidance, networking and insight sharing opportunities at EY’s World Entrepreneur Of The Year™ event in Monte Carlo, between 3-7 June 2015.


Price volatility forces oil and gas to focus on strategic deals
London, 20 November 2014
Despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to EY’s 11th biannual Oil and Gas Capital Confidence Barometer.


Emerging Europe reshaped by the crisis as Central and Eastern European countries lose Foreign Direct Investment attractiveness
London, 19 November 2014
Developing economies received more than half of global Foreign Direct Investment (FDI) inflows in 2013, according to Playing catch-up, an extract on emerging markets from the EY 2014 European attractiveness survey.


Banks’ poor service and errors push businesses across the world to seek alternative options
New York, 18 November 2014
Nearly a third of companies (29%) experienced an error with their primary bank in the past 12 to 24 months; and more than half (57%) were less than highly satisfied with the resolution.


Media and entertainment M&A appetite hits three-year high with a greater focus on ‘bite-sized’ deals
Los Angeles, 17 November 2014
A record number of media and entertainment (M&E) companies expect to pursue M&A deals during the next 12 months, according to a recent survey of over 1600 senior executives, of which 94 were from the M&E companies, in more than 60 countries conducted by EY for the 11th Capital Confidence Barometer: Media & Entertainment.


Fewer mining deals but transaction pipelines building
London, 14 November 2014
There were fewer deals but higher deal value in the global mining and metals sector during Q3 2014, amid signs of transactions momentum building, according to EY.


Dealmaking on track for ‘blockbuster 2014’ as technology M&A soars
New York, 13 November 2014
According to EY’s Global technology M&A update: July-September 2014, global technology M&A value and volume reached quarterly heights not seen since the dotcom bubble.


Consumers across the world trust insurers less than banks
London, 12 November 2014
The level of consumer trust in insurance companies is lagging at just 70%, compared to 82% for banks, largely because of the low frequency of contact insurers have with their customers, according to EY’s 2014 Global Consumer Insurance Survey: Reimagining customer relationships.


Small-cap deals to fuel M&A in power and utilities as acquisition appetite hits two-year high amid growing investor confidence
London, 11 November 2014
Forty percent of power and utility (P&U) companies anticipate pursuing acquisitions in the next 12 months — the highest number for two years, according to EY’s 11th biannual Power & Utilities Global Capital confidence barometer, a survey of more than 1,600 senior executives in more than 60 countries of which 91 were from the P&U companies.


EY announces participation at the World Congress of Accountants
Rome, 10 November 2014
EY marks the 2014 World Congress of Accountants (WCOA) in Rome on 10-14 November 2014 by reinforcing its long-standing commitment to the audit profession and its importance.


EY advances ambitious growth for its strategy consulting practice with new global leadership hire
London, 6 November 2014
EY is executing ambitious plans to grow its strategy consulting practice to over 2,500 professionals by 2020, both organically and through continued acquisitions.


Institutional investors’ shifting allocation strategies are driving hedge funds towards new products
London, 3 November 2014
As asset growth in traditional hedge funds from institutional investors continues to slow, hedge fund managers are pinning their hopes on the power of new products to attract investor assets and drive growth. However, many are underestimating the costs involved and the effect on margins, according to our 2014 global hedge fund and investor survey.


October 2014

EY named infrastructure Financial Advisor of the Year at Americas PPP Awards
New York, 31 October 2014
EY has been named the ‘Financial Advisor of the Year’ by P3 Bulletin (Public Private Partnership) magazine at the annual P3 Awards in New York.


Annual global EY survey finds organizations are still unprepared for inevitable cyber attacks
London, 30 October 2014
Most organizations (67%) are facing rising threats in their information security risk environment, but over a third (37%) have no real-time insight on cyber risks necessary to combat these threats.


EY joins HealthXL global health care collaboration
Cleveland, Ohio, US, 29 October 2014
EY has signed an agreement with HealthXL to become the organization’s exclusive professional services firm. HealthXL is a global collaboration of some of the world’s largest companies involved in health care and life sciences to foster and ensure digital health products and services are brought to market.


Women remain underrepresented in senior public sector leadership posts across G20 countries
Washington, D.C., 23 October 2014
Women remain significantly underrepresented in senior public sector leadership roles across most G20 countries, as well as similarly underrepresented in parliaments and ministerial positions, according to our latest Worldwide Index of Women as Public Sector Leaders report.


REITs IPO brand continues to grow in the global real estate market
London, 20 October 2014
Following the record IPO levels of 2013, real estate investment trust (REIT) IPO volumes remain strong in 2014, according to the EY’s Global Perspectives: 2014 REIT report. With US$6.8b raised globally in the first half of 2014, this activity has been positive for the sector, stimulating interest in the REIT concept globally, as well as expanding its range of participants.


Miners’ productivity battle with ‘diseconomies of scale’
Sydney, 20 October 2014
The size and complexity of mining operations have created “diseconomies of scale” and are a significant factor in diminished productivity in the global mining sector, according to a new research report by EY and the University of Queensland (UQ), released today.


The Health Insurance Industry: challenges and reforms
Johannesburg, 14 October
Health insurance has shown the fastest growth in recent years. However, the Kenyan health insurance industry is currently facing severe difficulties.


EY Worldwide Family Business Tax Guide launched
London, 13 October 2014
EY has launched its Worldwide Family Business Tax Guide, an in-depth resource consolidating leading practices across 41 countries, to promote robust tax policy within family businesses.


Risk culture is at the forefront of banks agenda as fines and remediation hit home
Washington, 11 October 2014
EY’s annual risk management survey of major financial institutions, Shifting focus: Risk culture at the forefront of banking, shows that in the past year, banks have made dramatic shifts in their attention to risk culture, but much more work remains to be done.


EY acquires Centre BV and CFORS BV
Amsterdam, 10 October 2014
Today EY announces its acquisitions of Centre B.V. (Centre Consulting) and CFORS B.V. (CFORS).


Female executives say participation in sport helps accelerate leadership and career potential
London, 10 October 2014
In research released today by the EY Women Athletes Business Network and espnW, the majority of women executives surveyed say that a sport background can help accelerate a woman’s leadership and career potential, and has a positive influence on hiring decisions.


Global medtech industry needs to better differentiate products or face commoditization
Chicago, 7 October 2014
Despite ongoing commercial challenges in 2013, the global medtech industry’s financial performance held steady at the relatively low levels of growth that have become common in recent years.


Middle-market deals to fuel M&A rebound as acquisition appetite hits three-year high and suggests return to 2006 deal levels
London, 6 October 2014
Forty percent of companies anticipate pursuing acquisitions in the next 12 months – the highest number for three years according to EY’s 11th bi-annual Global Capital confidence barometer, a survey of more than 1,600 senior executives in more than 60 countries.


EY admits PK Wong & Associates LLC in Singapore into global network
Singapore, 2 October 2014
EY, a leading professional services organization, today announced the admission of PK Wong & Associates LLC in Singapore as a new independent member firm of its global network.


September 2014

Financial sponsor-backed IPOs drive activity close to 2010 levels
London, 29 September 2014
Global IPO activity continues to climb with 851 IPOs raising US$186.6b in the first nine months of the year, a 49% increase in volume and 94% increase in proceeds compared to the same period in 2013, according to the quarterly EY Global IPO Trends: 2014 Q3.


EY reports 2014 global revenues of US$27.4b
London, 26 September 2014
EY today announced combined global revenues of US$27.4b for its financial year ended 30 June 2014, a 6.8% increase over FY13 in local-currency terms. Revenues grew 6.0% in US dollar terms.


Eurozone still vulnerable despite positive signs on unemployment and investment
Frankfurt, 25 September 2014
The Eurozone recovery is expected to gain momentum gradually after near-stagnation in the first six months of the year. According to the September 2014 issue of EY Eurozone Forecast, GDP will grow by 0.9% this year, before picking up to 1.5% in 2015 and 1.7% in 2016.


EY report explores how women and unrepresented groups can have greater influence in the boardroom
London, 25 September 2014
With the European Parliament proposing to enforce a 40% quota for female non-executive directors on the boards of large listed companies by 2020, EY today is launching a report that explores the advantages of a diverse board and reveals how boards can empower the professional advancement of women and underrepresented groups.


EY #1 professional services employer in global ranking – and #2 overall – for second year in a row
London, 23 September 2014
EY is today ranked the world’s most attractive professional services employer in Universum’s annual World’s Most Attractive Employer ranking, matching its historic achievement last year.


Andrea Guerzoni appointed EY Transaction Advisory Services Leader for Europe, Middle East, India and Africa
London, 22 September 2014
Andrea Guerzoni has been appointed EY Transaction Advisory Services (TAS) Leader for Europe, Middle East, India and Africa (EMEIA) with immediate effect.


EY named as one of the “Best Firms to Work For” in 2014 by Consulting Magazine
New York, 16 September 2014
Consulting magazine has named Ernst & Young LLP as one of the top 10 “Best Firms to Work For” in 2014, placing ninth on the list based on their annual poll of each firms’ employees.


Businesses must adapt to a new commercial world order by implementing a customer-centric approach
London, 16 September 2014
Companies that reject a customer-centric approach by maintaining their traditional organizational structures, continuing their piecemeal investment in technology and listening to their internal functional experts rather than the voice of the customer, will fail to grow and increase their competitive advantage, according to a new global report by EY released today.


China reclaims the top spot for renewables energy investment attractiveness, while Europe and the US lose ground to emerging markets
London, 16 September 2014
China’s renewables market is the most attractive destination for investors looking to invest in the sector, according to EY’s Renewable Energy Country Attractiveness Index (RECAI) published today.


EY awarded Energy Advisory Firm of the Year
London, 16 September 2014
EY is pleased to announce that it has been awarded Energy Advisory Firm of the Year by the Petroleum Economist. The awards, held annually, focus on identifying and recognizing examples of innovation and originality, sound business practice, and commitment to environmental protection and employee welfare.


Profit margins of media and entertainment companies expected to hit 28% in 2014
Los Angeles, 15 September 2014
M&E companies are continuing to increase their lead as one of the most profitable industries and are expected to outperform the major cross-industry stock market indices in 2014, based on the results from our Spotlight on Profitable Growth: Media and Entertainment Vol. VII.


Veritas’ Valerie Keller joins Ernst & Young LLP’s Strategy group
New York, 11 September 2014
Keller to also lead collaboration between the firm and the Oxford Saïd Business School to offer joint publications and research.


EY is named a leader by IDC MarketScape on supply chain management consulting
London, 9 September 2014
EY announces that its supply chain management (SCM) consulting services has been named a leader in this year’s IDC MarketScape: Worldwide Supply Chain Management Business Consulting Services 2014 Vendor Analysis.


EY appoints Ragna Bell as Global Knowledge Leader
New York, 8 September 2014
EY appoints Ragna Bell as Global Knowledge Leader . She takes over EY’s Global Knowledge function after leading the Strategic Market Intelligence team within that group.


EY completes combination with The Parthenon Group, building on its investment strategy capabilities
New York, 3 September 2014
The global EY organization announced today that The Parthenon Group—a global strategy consultancy with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore—has joined EY.


Private equity continues to outperform public markets in Europe
London, 3 September 2014
The gradual economic improvement in Europe, increasingly liquid debt markets and stronger IPO market conditions supported an increase in exit activity of PE-backed businesses in 2013, according to EY’s ninth annual European PE exits study published today.


August 2014

EY appoints Randy Miller as Global Automotive and Transportation Sector Leader
London, 26 August 2014
EY today announced the appointment of Randy Miller as Global Automotive and Transportation Sector Leader, effective immediately.


Technology M&A soars by 57% in Q2; dealmaking on course for ‘blockbuster’ 2014
New York, 21 August 2014
According to EY’s Global technology M&A update April-June 2014, after an extraordinary first quarter, 2Q14 aggregate deal value rose to US$52.4b, a 57% year-on-year increase.


Ernst & Young LLP’s Michael Kanazawa to share results of global innovation surveys at 2014 Digital Experience Conference
San Francisco, 20 August 2014
Michael Kanazawa, with Ernst & Young LLP, will share results of recent global surveys on innovation, as well as describe EY’s innovation experience studios for generating greater innovation agility and deeper immersion in customer experiences.


EY tabulates winners of the 66th Primetime Emmy Awards
Los Angeles, 20 August 2014
The ballots for the 66th Primetime Emmy® Awards are in and the Los Angeles office of EY is busy triple-checking the results to ensure the accuracy and integrity of television’s biggest honors.


Oil and gas megaproject overruns to cost industry more than US$500b
London, 14 August 2014
A new report by EY reveals that almost two thirds (64%) of multibillion-dollar, technically and operationally demanding megaprojects continue to exceed budgets, with three quarters (73%) missing project schedule deadlines.


Pension and retirement systems need rapid reform at a global level to meet demographic challenges
New York, 13 August 2014
A new era of globalization is shaping pensions policy reform, challenging key industry assumptions and empowering consumers in their retirement decisions, according to EY’s new report: Building a better retirement world: insights for better outcomes in the global pension and retirement market.


EY appoints Jay Nibbe to Global Tax Leader
London, 11 August 2014
EY announces the appointment of Jay Nibbe to Global Vice Chair for Tax, leading more than 35,000 tax professionals around the world. He chairs EY’s Tax Executive Committee and continues his role as a member of EY’s Global Executive, the organization’s highest management body.


Media and entertainment CFOs shift their primary focus from cost-cutting to growth, as economic confidence improves
New York, 11 August 2014
M&E has moved past the economic uncertainty of the global recession and shifted their primary focus from cost-cutting to growth, according to EY’s survey of CFOs of leading global M&E companies.


EY appoints George Atalla to Global Sector Leader to its Government & Public Sector practice
Washington, DC, 11 August 2014
EY announces the appointment of George Atalla to the role of Global Sector Leader to its Government & Public Sector practice.


EY appoints Uschi Schreiber to Global Executive board
London, 11 August 2014
EY is delighted to announce the appointment of Uschi Schreiber to Global Vice Chair – Markets and Chair of the Global Accounts Committee.


Mining M&A remains subdued despite strong deal pipeline
London, 11 August 2014
M&A in the global mining and metals sector is likely to remain subdued for the remainder of 2014 despite a strong deal pipeline and a private capital funds war chest yet to be unleashed, according to EY Global Mining & Metals Transactions Leader, Lee Downham.


July 2014

Power and utilities Q2 14 deal activity hits four-year high
London, 31 July 2014
Deal activity in the power and utility (P&U) sector spiked in Q2 14, with deal value and volume rising to US$58.1b and 128, respectively.


Urbanization and big cities will drive growth in rapid-growth markets
London, 29 July 2014
While the world needs to get used to a slower pace of growth across rapid-growth markets (RGMs) relative to the past decade, a gradual recovery will see growth above 4.5% next year.


EY is named a leader in IDC MarketScape on strategy consulting
London, 28 July 2014
EY announces today that its Strategy Consulting Services practice has been named a leader in this year’s IDC MarketScape: Worldwide Strategy Consulting Services 2014 Vendor Analysis. According to the IDC MarketScape, EY is seen as the most capable of all organizations at delivering value-creating innovation.


Productivity tops mining and metals business risks list
Sydney, 28 July 2014
Productivity is now the top business risk facing mining and metals companies globally, ranking number one in EY’s annual Business risks facing mining and metals 2014-2015 report released today.


IPOs accelerate private equity exit activity in North America
New York, 23 July 2014
Improving economic conditions in North America saw 2013 fuel the highest level of volume and values by entry enterprise value (EV) for private equity (PE) exits since 2006, according to EY's annual North American PE study published today.


Global unrest assuages most fears of a price retreat
Houston, July 21 2014
Geopolitical unrest is impacting global oil markets, this time bringing a sigh of relief from North American unconventional oil producers.


EY and The Parthenon Group agree to combine, building on EY's strategic advisory capabilities
New York, 21 July 2014
The Parthenon Group, a global strategy consultancy with 300 professionals in offices in Boston, London, Mumbai, San Francisco, Shanghai and Singapore, has signed an agreement to combine its operations worldwide with EY, subject to the satisfaction of agreed conditions.


Avoiding a lost generation - ten recommendations for the G20 on tackling youth unemployment through entrepreneurship
London and Sydney, 17 July 2014
Ahead of the G20 Young Entrepreneurs' Alliance (YEA) summit in Sydney between 18-21 July, EY has launched Avoiding a lost generation – ten key recommendations to support youth entrepreneurship across the G20.


Auto industry rebalancing act has executives focused on operating cost reductions and M&A activity that will make significant headlines
Detroit, 11 July 2014
Despite continued economic and geopolitical shocks, leading automotive companies are maintaining confidence in a real and sustained economic recovery, according to EY's ninth Automotive Capital Confidence Barometer.


M&A soars to near record highs as window of opportunity for transformative deals remains open for 2014
London, 10 July 2014
The value of global M&A conducted in the first half of 2014 hit US$1.7t and is now at its highest since the deal boom before the global financial crisis.


Ernst & Young LLP named a leader in business consulting services
New York, 9 July 2014
Ernst & Young LLP announced today that it was recognized as a leader in the IDC MarketScape: Americas Business Consulting Services 2014 Vendor Assessment (doc #246639, February 2014).


Actively managed funds and solution-based products expected to drive 9% annual growth in regulated funds over the next five years
London, 7 July 2014
Following a prolonged period of relatively anemic growth since the financial crisis, the global regulated funds industry is optimistic, possibly exuberant, expecting annual net new money growth of 9% for the next five years, according to EY's Global regulated funds survey 2014.


Business transformation needed to address mining productivity
Sydney, 3 July 2014
The decade-long decline in productivity in the global mining sector will require complete business transformations to reverse, according to a new EY report.


EY announces 675 new partners worldwide
London, 1 July 2014
EY has today announced that 675 of its people will become partners across the member firms of its organization, an increase of 33% compared to 2013 and the highest promotions to partner ever at EY.


EY expands to offer assurance services in Myanmar
Singapore, 1 July 2014
Leading professional services organization, EY, expands in Myanmar to offer assurance services through the admission of new member firm to be named EY UTW (Myanmar) Limited.


June 2014

KPMG International and EY Global Limited announce that they have reached agreement
27 June 2014
KPMG International and EY Global Limited announce that they have reached agreement on all outstanding issues associated with their respective Danish practices.


The smart consumer: 30,000 consumers from 34 countries reveal new global trends
London, 26 June 2014
The vast majority of people (62%) are now digital consumers, rational and adept at using technology to filter information and make purchasing decisions.


Global IPO activity up despite heightened investor caution
London, 25 June 2014
The global IPO market continued its recovery to end the first half of the year strongly, according to EY Global IPO Trends: 2014 Q2.


Global biotechnology industry needs new paradigm for drug R&D
Boston and San Diego, 24 June 2014
Despite surging growth and booming capital markets, global biotechnology industry needs new paradigm for drug R&D. These and other findings were released today in Beyond borders: unlocking value, EY's 28th annual biotechnology industry report.


EY commits to youth employment: 55,000 traineeships and 35,000 internships by 2020 across Europe
London, 23 June 2014
EY announces plan to offer 55,000 traineeships and 35,000 internships by 2020 across Europe on the day it joins the Alliance for YOUth, an initiative through which leading businesses will help to address high levels of youth unemployment in many parts of Europe.


At least 22 European banks expect to raise capital following the AQR
London, 23 June 2014
Most European banks believe they’ve raised enough capital to weather the Asset Quality Review (AQR) and stress test, but, in an anonymous poll of 294 banks across Europe, 22 said they expect to have to raise capital following the exercise and 43 said they may need to, according to EY’s European Banking Barometer for the first half of 2014.


Encouraging signs for exports and households in the Eurozone but deflation threats are looming
Frankfurt, 19 June 2014
After two years of falling output, the Eurozone is forecast to grow by 1.1% this year, followed by expansion of 1.5% in 2015 and a slightly faster pace in 2016-18, according to the Summer 2014 EY Eurozone Forecast (EEF).


Unconventionals add complexity to oil and gas tax regimes
Moscow, 18 June 2014
Despite the geopolitical uncertainty that looms over the global oil and gas industry the continued imposition of taxes on income from oil and gas operations remains a certainty.


Consumer products and retail companies struggling to innovate
London, 18 June 2014
The vast majority of consumer products and retail executives (66%) say that collaboration with smaller entrepreneurial firms has become increasingly important to drive innovation and achieve their strategic goals.


EY unifies analytics capabilities into Global Analytics Center of Excellence
London and New York, 12 June 2014
Being able to analyze an ever-increasing volume and variety of information now sits at the top of the business agenda as organizations grapple with gaining real insights that help improve business performance and proactively manage risk.


Elite female athletes to be paired with top female business leaders in new global mentoring program
London, 12 June 2014
A new global mentoring program is being launched today by EY’s Women Athletes Business Network, in partnership with the International Women’s Forum (IWF), to harness the untapped leadership potential of female athletes after their retirement from sport.


Pervasive global corruption leaves boards struggling to cope
London, 11 June 2014
EY’s 13th Global Fraud Survey, Overcoming compliance fatigue: reinforcing the commitment to ethical growth, has found concerning levels of perceived fraud, bribery and corruption across the world.


Private sector demand for bank credit in the emerging markets to grow 45% by 2018
New York, 10 June 2014
Emerging markets have been the principal driver of global growth in the last five years and are expected to continue growing at twice the rate of developed markets.


Uday Kotak of Kotak Mahindra Bank from India named EY World Entrepreneur Of The Year 2014
Monaco, 8 June 2014
Uday Kotak, the founder, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank was last night named EY World Entrepreneur Of The Year 2014 at an awards ceremony held in Monaco's Salle des Etoiles. Uday was picked from among the 60 country finalists vying for the title from 51 countries, each of whom has already been named the EY Entrepreneur Of The Year in their home countries.


Increased global confidence boosts entrepreneurs’ hiring plans
London and Monaco, 4 June 2014
Seventy-six per cent of the world's top entrepreneurs plan to increase the size of their workforce in 2014, according to EY's Global job creation survey.


Freshfields partner Richard Norbruis to join Global Law Leadership
London, 3 June 2014
Richard Norbruis will lead the Global Transaction Law practice at EY, and will work closely with Cornelius Grossmann, EY's Global Law Leader, on building and managing EY's fast-growing overall legal services offering across the world.


Lack of diversity is undermining power and utilities' performance
London, 3 June 2014
With just 4% of executive board positions at the world's largest 100 power and utilities (P&U) companies held by women, lack of diversity is undermining business performance, according to new research published today by EY in Talent at the table: Index of women in P&U.


US renewables sector at a crossroads while Asia closes the gap in industry-wide rankings
London, 2 June 2014
Continual policy amendments are still hindering renewable energy development across many markets, but changing energy mix dynamics, a need for new sources of capital and innovative business models are also creating significant opportunities for developers and investors, according to EY’s latest quarterly Renewable energy country attractiveness index (RECAI), released today.


May 2014

Accounting Boards' issue a new joint revenue standard that will affect nearly all companies – EY comments
London, 28 May 2014
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) (collectively, the Boards) today released their joint revenue standard that could bring significant changes to when companies recognize revenue and increase the amount of information companies publicly disclose.


Foreign investment projects into Europe reach all-time high in 2013
London and Paris, 27 May 2014
Foreign direct investment (FDI) into Europe reached an all-time high last year, according to EY’s annual European Attractiveness Survey.


More media companies expected to pursue acquisitions in next year
Los Angeles, 20 May 2014
Media and entertainment companies are more confident in the global economy than ever before, according to a recent survey of senior executives conducted by EY for the 10th Capital Confidence Barometer: Media & Entertainment.


Accelerated technology adaptation drives record 1Q'14 for tech M&A
New York, NY, USA, 19 May 2014
Global technology M&A had a "blowout" first quarter of 2014. We explore the multiple big-ticket deals and one megadeal the sector witnessed.


Failure to adapt to new technology is the number one risk facing telcos
London, 19 May 2014
Telecommunications operators must reposition their business models and adapt to new roles across a growing number of new technologies or else risk losing major growth opportunities.


Foreign direct investment in Sub Saharan Africa on the rise
15 May 2014
Africa's share of global foreign direct investment (FDI) projects has reached the highest level in a decade, according to Executing Growth, EY's 2014 Africa Attractiveness Survey.


Private equity-backed IPOs outperform all other exit routes in Latin America
London, 13 May 2014
Private equity-backed IPOs in Latin America outperformed the broader public markets and other IPOs in the region by a significant margin over the course of 2013, according to Great expectations: what’s next for Latin American private equity?, EY’s annual Latin American private equity exit study published today.


Tax risks accelerating worldwide, with companies concerned about the potential for uncoordinated BEPS "tax chaos"
London, 13 May 2014
More than four out of five (81%) companies surveyed expect already heightened tax risks to accelerate in the next two years.


Greater collaboration among CFOs and HR leaders drives stronger business performance
London, 12 May 2014
A global survey of CFOs and chief human resource officers (CHROs) by professional services organization EY finds that a strong relationship between the CFO and the CHRO is linked with superior business performance.


Low Q1 deal numbers mask a stronger mining M&A pipeline
London, 8 May 2014
Muted transaction numbers in the global mining and metals sector mask the strongest pipeline of deals seen for a long time, according to EY Global Mining & Metals Transaction Leader, Lee Downham.


International business leaders identify use of an organization's knowledge as most critical factor for success
London, 7 May 2014
Eight out of ten business leaders believe their future commercial success will be dictated by how they best harness their knowledge — the way they share and apply the insights contained in their people, best practices and operating environment — according to a new survey of 300 business leaders, commissioned by EY.


Global pharmaceutical industry has significant opportunities for deeper engagement with payers but contingent upon restoring trust
Boston, 7 May 2014
New survey research finds that the majority payers in the US and Europe believe that drug adherence solutions and data that pharma companies possess are vital to lowering health care costs and improving outcomes.


First quarter Power and Utilities deal value reaches three-year high
London, 5 May 2014
2014 started promisingly for the Power & Utilities (P&U) sector, with deal value (US$28.2b) being the highest first-quarter result since Q1 2011, according to EY’s quarterly Power transactions and trends report, released today.


Cautious optimism sets the tone for oil and gas capital agenda
London, 1 May 2014
Just over half (54%) of the oil and gas respondents view the global economy as improving, down sharply from 71% in October 2013. Economic caution is reflected in job creation prospects too, with the portion of oil and gas respondents expecting to grow jobs declining from 57% in October 2013 to 37% in April 2014.


April 2014

Complexities and trade barriers challenge regional economic integration in ASEAN
Singapore, 29 April 2014
Political, legal and organizational complexities and regulatory burden, as well as the lack of uniform and harmonized trading rules among the ASEAN nations, are hampering the progress of the 2007 ASEAN Economic Community (AEC) Blueprint, which seeks to achieve regional economic integration by 2015.


Steelmakers must focus on high growth sectors and markets
Mumbai, 16 April 2014
Success for steelmakers globally will depend on being agile and nimble in responding to market opportunities that provide growth and better margins, according to EY's Global Steel Leader, Anjani Agrawal.


Pip McCrostie appointed to Peterson Institute for International Economics Board of Directors
London, 10 April 2014
The Peterson Institute for International Economics has named Pip McCrostie, EY's Global Vice Chair of Transaction Advisory Services (TAS), to its Board of Directors.


Nearly 80% of European insurers are on track to implement Solvency II by 1 Jan 2016
London, 10 April 2014
Nearly 80% of European insurers expect to meet Solvency II requirements before January 2016, according to EY’s European Solvency II Survey 2014.


New cooperation offers worldwide training on International Public Sector Accounting Standards
London, 8 April 2014
The Chartered Institute of Public Finance & Accountancy (CIPFA), EY and IASeminars have announced they will jointly offer a comprehensive range of training courses on International Public Sector Accounting Standards (IPSAS) in selected countries around the world.


EY Receives 2014 SAP® Pinnacle Award for Service Transformation
London, 7 April 2014
EY is pleased to announce it has received the 2014 SAP® Pinnacle Award in the category of Service Transformation.


Large headline-hitting deals to take center stage in the next year as deal volumes remain steady
London, 7 April 2014
Large acquisitions look set to steal the M&A headlines over the next 12 months as global companies place fewer but bigger bets on the deal table, according to EY’s tenth bi-annual Capital confidence barometer, a survey of more than 1,600 senior executives in 54 countries.


EY launches annual 2014 Young Tax Professional of the Year Award
London, 4 April 2014
EY is delighted to announce the launch of its fourth consecutive international competition "Young Tax Professional of the Year" (YTPY).


Organizations risk losing out on investment due to lack of non-financial information disclosure
London, 3 April 2014
Opting out of reporting non-financial performance is no longer a choice for organizations looking for investment, according to a new report, Tomorrow’s investment rules, released today by EY.


Use technology and data effectively to get ahead of the indirect tax curve, says new EY report
London, 3 April 2014
Dealing with data is the key to tax transparency and to effective management of companies’ growing indirect tax obligations, says EY’s latest report, Managing indirect tax data: gaining insight and control in the digital age.


March 2014

2014 business lending growth revised down in the face of AQR
London, 31 March 2014
The forecast for business lending growth in the Eurozone in 2014 has been revised down for the second time this year—Falling from 1.6% to just 0.5%, as the near-term effects of banks preparing for the AQR hit home, according to our Eurozone Financial Services Forecast.


UK in the driving seat with 40% of European PE buyout value in Q1 2014
London, 31 March 2014
The UK is the clear leader in the European private equity (PE) buyout market, accounting for 40% of all buyout value in Q1 2014, according to the latest data published by the Centre for Management Buyout Research (CMBOR), sponsored by EY and Equistone Partners Europe Limited.


European biotech research, development, and innovation incentives need to ensure greater economic growth
Brussels, 27 March 2014
European governments must remain committed to biotech research, development and innovation (RDI) incentives as the industry faces fresh challenges of upholding its world leading position of innovation, maintains the biennial report published today by EY and EuropaBio: ‘Biotechnology in Europe: The tax, finance and regulatory framework and global policy comparison’.


Global IPO market has strongest first quarter since 2011
London, 26 March 2014
A positive first quarter points to strong global IPO activity in 2014, according to EY Global IPO Trends: Q1 2014.


Corporates underestimating costs of post-merger integration, yet 14% of total deal value being spent on the integration process
London, 24 March 2014
M&A is back on the corporate agenda to help deliver growth and expansion, however, corporates around the world are finding that they have underestimated the costs and resources needed to complete a successful integration.


Despite cautious optimism Eurozone to lag rest of the world during recovery
Frankfurt, 20 March 2014
Although the Eurozone is now growing it is still expected to lag well behind other major economies during the recovery, according to the spring EY Eurozone Forecast.


Companies are missing opportunities to mine big data to reduce fraud risk and improve anti-bribery compliance
London, 19 March 2014
EY’s 2014 global forensic data analytics survey, Big risks require big data thinking, highlights that 63% of senior executives surveyed at leading companies around the world, agree that they need to do more to improve their anti-fraud and anti-bribery procedures, including the use of forensic data analytics (FDA).


EY proud to be member of United Nations Global Compact
London, 11 March 2014
EY is proud of its membership of the United Nations Global Compact (UNGC); and today shares its communication of progress report for 2013: Our vision, values and impact. The report provides examples of how EY is upholding the UNGC principles of labor, human rights, environment and anti-corruption and fulfilling its purpose of building a better working world.


Strong Q4 drives growth for global venture capital investment
London, 11 March 2014
2013 was a solid year for the global venture capital (VC) industry marking a reversal in the declines witnessed in 2012. An exceptional fourth quarter, in which the number and value of deals both soared by 10% vs. Q4 2012, suggests that 2014 will be an even stronger year for VC, according to EY research published today: Adapting and evolving – global venture capital insights and trends 2014.


EY Women Athletes Business Network hosts webcast offering lessons and advice from female champions in sport and business
London, New York and Rio de Janeiro, 6 March 2014
In celebration of International Women's Day, EY's Women Athletes Business Network (WABN) invites you to join a webcast with some of the greatest female champions of sport and business as they share their lessons of success and failure -- on the field and in the workplace


Global automotive sector faces complex challenges ahead, despite calmer economic outlook, says survey revealing priorities of C-Suite
Geneva, 5 March 2014
Top international automotive executives are seeking to ride the upturn and pull ahead by focusing on differentiation, innovation and partnerships, according to a new report from EY’s Global Automotive Center, Changing Lanes 2014-15: the automotive C-Suite’s agenda, released today at the Geneva Motor Show.


February 2014

EY hires Hugh Harper to lead EMEIA Financial Services Strategy and Operations
London, 27 February 2014
EY has appointed Hugh Harper as the Strategy and Operations leader for financial services for Europe Middle East India and Africa (EMEIA).


EY leads global IPO market
London, 27 February 2014
In 2013, the global IPO market saw 882 deals raise US$168.3b – a 33% improvement on 2012 deal value levels and a vote of confidence in the strength of the global economy that bodes well for companies seeking to go public in 2014.


Power and utility deal volume reaches three-year high, with deal values hitting US$125.4b in 2013
London, 27 February 2014
Global power and utility (P&U) transaction activity shows signs of recovery with deal volumes reaching a three-year high of 398 total deals in 2013, with a value of US$125.4b, according to EY’s quarterly Power transactions and trends report released today.


Fall in global renewable energy investment during 2013 sharpens industry's focus on innovation and efficiency for 2014
London, 25 February 2014
Despite an 11% dip in global investment in 2013, an abundance of opportunities in new markets, new technologies and new sources of capital all signal brighter times ahead, according to EY’s latest quarterly Renewable energy country attractiveness index (RECAI), released today.


FMCG companies need to drive margins as economy turns
London, 24 February 2014
FMCG has been a safe sector for investors looking for predictable margins and stable returns during the economic crisis.


Big ticket transformative deals surge in 2013 driving global technology M&A value to a post-dotcom-bubble record
New York, 18 February 2014
Opportunity and disruption combined in 2013 to drive global technology M&A aggregate value up 65% to a post-dotcom-bubble record of US$188.2b, according to EY's Global technology M&A update: October–December 2013 and year in review report


Consumer confidence in global banking industry bounces back
London, 18 February 2014
After a number of years of sharp decline, confidence in the banking industry is on the rise, trust in individual banks is high and most customers across the globe are satisfied enough to recommend their main banking provider, finds EY's 2014 global consumer banking survey.


EY Advisory Services selected as 2014 CRM Watchlist Elite winner
New York, 10 February 2014
The Advisory Services practice of Ernst & Young LLP has been named to the 2014 CRM Watchlist, a prestigious list of prominent companies developed by customer strategy consultant, Paul Greenberg.


IFRS updates will continue to challenge reporters
London, 5 February 2014
Following last year's IASB announcement that convergence between IFRS and US GAAP was no longer to be a primary objective, the outlook for convergence between the two standards is mixed, says EY.


Companies need to tailor employment offerings in the BRICs
London, 5 February 2014
If companies are to be more successful in their approach to recruiting and retaining talented employees in emerging markets they need to understand what professionals value from them as employers, by country and by profession.


Growing middle-class leading consumption drive in rapid-growth markets
London, 4 February 2014
Across the rapid-growth markets there will be nearly 200 million middle-class households by 2022 up from 94 million in 2012, according to EY’s latest Rapid-growth markets forecast (RGMF) out today.


Financial investors to be key players in 2014 mining M&A
London, 3 February 2014
A steady improvement in market conditions should see a gradual return to deal-making in the mining and metals sector in 2014, off the back of a seven-year low in global M&A volumes in 2013.


January 2014

EY offers global mentoring opportunity to entrepreneurs
London, 28 January 2014
EY announced this week that submissions are currently being sought for the 2014 "Ready, Set, Grow" program in Monaco.


"Innovation at the center" emerges as fundamental for media and entertainment businesses
New York, 28 January 2014
EY’s Sustaining digital leadership! study, released today, shows leading media and entertainment (M&E) companies are putting continuous innovation at the center of everything they do.


Global ETF AUM to surpass hedge fund industry in 18 months
London, 27 January 2014
The exchange traded funds (ETF) industry could surpass the hedge fund industry in assets under management (AUM) in the next 12-18 months according to EY’s Global ETF Survey.


EY appoints John Rudaizky as Brand and External Communications Leader
London, 23 January 2014
EY is delighted to announce the appointment of John Rudaizky as Brand and External Communications Leader.


Foreign companies in India to expand presence
New Delhi and London, 23 January 2014
India has a strong foothold in investors’ emerging market strategies, despite the recent slowdown in economic activity, according to Enabling the prospects, EY’s 2014 Indian Attractiveness Survey.


New wave of rapid-growth markets provide significant opportunities for global insurers
London, 23 January 2014
Global insurance companies seeking to expand their businesses are increasingly looking to a new wave of rapid-growth markets (RGMs) as well as the BRICs.


Private equity CFOs play expanded role in facilitating growth despite formidable regulatory challenges through strategic investment in process and technology
New York, 22 January 2014
Confronted with numerous changes that affect their business model, most CFOs at private equity firms recognize that global regulation and compliance, as well as operational efficiency, are the top challenges facing their firms over the next two years, according to Navigating the headwinds, EY’s inaugural global private equity survey in collaboration with PEI.


Oil & Gas M&A outlook remains robust despite a decline in 2013
London, 21 January 2014
Oil and gas M&A activity was significantly lower in 2013 in value and volume according to EY’s Global oil and gas transactions review. The impact of supply side trends on restricting activity are also likely to continue over the next 12 months.


A third of global companies planning a sale and 80% of global executives are open to offers at a time of growing M&A activity
London, 20 January 2014
A third (33%) of global businesses are planning a sale in the next two years according to a new report from EY.


A sector focused on growth: strong performance predicted for global lodging industry in 2014 according to latest EY report
New York and London, 15 January 2014
Look for transaction activity and even development to pick up across the board as investors seek out new opportunities in the global hospitality sector over the next 12 months according to EY’s Global Hospitality Insights Top Thoughts for 2014, released today.


Big pharma's need to tap M&A for growth will persist in 2014, while dealmaking landscape becomes more competitive
San Francisco, 13 January 2014
Big pharma stayed on the sidelines in the 2013 mergers and acquisitions (M&A) market despite a continuing need to close a revenue "growth gap" that is expected to reach US$100 billion by 2015.


Forecast for business lending in 2014 drops by €211b in face of sluggish Eurozone recovery and AQR demands
London, 7 January 2014
The Eurozone will experience annual GDP growth for the first time since 2011, but the growth will not be strong enough to support a level of uplift in financial services that will drive further economic recovery according to The EY Eurozone Financial Services Forecast.