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Global Family businesses face succession challenge as next generation look elsewhere for employment
London, Moscow, 28 September 2015
Few students from a family business background plan to take over their family firm and the number that do are falling, according to Coming home or breaking free? (2015), an EY study into the succession intentions of more than 34,000 next-generation family business members globally, carried out with the University of St Gallen Center for Family Business.
Global IPO activity hit as volatility spikes and China pauses
London, Moscow, 25 September 2015
There was a marked change in global IPO activity and investor sentiment during the third quarter of this year. After a stellar second quarter, particularly in China, which had its busiest quarter on record, IPO activity in emerging markets slowed, triggered by the sharp market correction and suspension of new listings in China.
EY reports 2015 global revenues up by 11.6%
London, Moscow, 15 September 2015
EY today announces combined global revenues of US$28.7b for its financial year ended 30 June 2015. This represents an 11.6% increase over financial year (FY) 2014 revenues in local currency, outpacing FY14 growth (which had increased by 6.8% over FY13).
Technology disruption drives record dealmaking in 2Q15 driven by IoT, smart mobility and cloud technologies
New York, Moscow, 14 September 2015
According to EY’s Global technology M&A update: April-June 2015, technology disruption continues to accelerate ascorporate technology buyers seeking broader solutions pushed 2Q15 deals to a record US$127.2b, which is higher than any quarter since 2000 and up 65% over 1Q15.
2015 set to be best year ever for M&A - first half sees new deal records, with capacity for even further growth
London, Moscow, 1 September 2015
This year could become the highest on record in terms of global deal value as the resurgence of M&A has further accelerated in the first half of 2015.
Window of opportunity for steelmakers to transform
London, Moscow, 26 August 2015
Steel companies around the world must find the right balance between globalization and customization if they are going to survive and prosper, according to EY’s latest annual global steel report, Globalize or customize: Finding the right balance, Global steel 2015-2016.
Future growth becomes the top business risk for mining and metals companies
Sydney, Moscow, 25 August 2015
Pro-cyclical behavior and short-term focused shareholders have pushed “switch to growth” to the top of EY’s annual ranking of business risks in mining and metals companies globally.
More strategic mindset needed to accelerate investment in energy storage and address the energy security imperative
London, Moscow, 4 August 2015
Tapping into the transformative power of storage to meet energy security demands requires a change of mindset to accelerate investment, according to EY’s latest Renewable energy country attractiveness index (RECAI).
Succession and women in leadership are the key components helping family businesses to create lasting success
Moscow, 3 August 2015
The world’s most successful family businesses integrate practicality and innovation, strategy and strong commercial acumen, along with nurturing and care, to create a lasting legacy of entrepreneurial success, long-term growth and family unity. This is according to the EY and Kennesaw State University report «Staying power: how do family businesses create lasting success?», which surveyed the 25 of the largest family businesses in each of the 21 top global markets, including Russia.
Oil price volatility highlights tax structure vulnerabilities of exporting countries
London, Moscow, 16 July 2015
Exporting countries around the world are reconsidering how they tax the oil and gas industry in the wake of ongoing oil price volatility, according to EY’s Global oil and gas tax guide 2015, launched today, which summarizes the oil and gas corporate tax regimes in 84 countries.
Global biotech industry continues to sizzle as market capitalization surpasses US$1 trillion
Philadelpia, Moscow, 1 July 2015
The global biotechnology industry reached new heights in 2014, setting records on virtually every major financial metric, including revenues, profitability and capital raised.
EY carried out an innovative project in the area of transfer pricing processes automation for one of the largest energy holdings in Russia – Inter RAO Group
Moscow, 25 June 2015
EY implemented an innovative project in the sphere of transfer pricing (hereinafter – “TP”) in partnership with Inter RAO Group. Within the framework of the project, EY developed an IT-system for automation of TP business processes, with no comparable substitutes currently existing in the Russian market, delivered user trainings and prepared full package of support documentation. The IT-system was successfully put into operation by Inter RAO Group.
Russian regions managed to attract investors due to the technical and innovative infrastructure development
Moscow, 19 June 2015
The availability of developed infrastructure makes it much easier for the region to attract investors willing to set up new enterprises. In addition, it stimulates the formation and expansion of business among local producers, leading to the creation of clusters and associated production facilities. These facts are confirmed by EY's 2015 survey "Russia's Industrial and Innovation Infrastructure".
Business in Russia switches to the use of local substitutes
Moscow, 18 June 2015
Practically every company intends to switch to the use of Russian substitutes or increase their share in production, and one in two companies sees new opportunities for itself in the prevailing situation. This is according to the survey “Import substitution: new opportunities or challenges for the Russian economy” carried out by EY in May 2015.
Chinese companies find Russian market attractive, despite lack of knowledge about it
Moscow, 17 June 2015
Opinions on the attractiveness of doing business in Russia between Chinese top managers with experience in the Russian market and those just opening a representative office differ greatly according to EY’s survey “Perspectives from China: how concerns about the Russian market influence Chinese investment strategies” carried out by EY in May 2015.
Russian companies anticipate market to remain stable
Moscow, 17 June 2015
The vast majority of Russian companies believe the mergers and acquisitions (M&A) market in Russia will not experience any significant changes, with valuation levels in the coming 12 months not expected to decrease, according to the latest findings of the Russia edition of EY’s Capital confidence barometer: New trends in M&A study.
Lack of investment capital prompts the Russian gold mining industry to optimize costs
Moscow, 16 June 2015
High volatility in the markets and low prices for commodities, including metals, make the mining industry less attractive to investors. This is the conclusion reached in the Overview of the Gold Mining Industry in Russia in 2013-14, prepared by EY with the assistance of the Russian Gold Industrialists' Union.
EY named Russia Transfer Pricing Firm of the Year by International Tax Review
Moscow, 26 May 2015
EY has won the Russia Transfer Pricing Firm of the Year title at the European Tax Awards hosted by the International Tax Review (ITR). It is the third time EY Russia has received this prestigious award.
Fraud and corruption risks impact corporate international expansion; pressure for revenue and earnings growth driving illegal conduct
London, Moscow, 20 May 2015
EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that greater pressure on businesses to grow revenues together with market volatility is creating increased risk in expansion opportunities.
Outlook for China’s outward foreign direct investment: The Silk Road of the 21st century lies through Russia
Moscow, 12 May 2015
With the ongoing economic development in China and the implementation of the “Going Global” strategy, China’s outward FDI has soared over the past decade from almost nothing to more than USD100 billion . In 2014, Chinese investors invested in 6,128 overseas companies across 156 countries and regions. China’s outward FDI outflow was ranked third in the world for the third consecutive year. EY's new report Riding the Silk Road: China sees outbound investments boom helps answer many questions and clarifies what Russia can offer to Chinese investors in the context of recent trends in the Chinese economy. In addition, it takes a look at what working with Chinese investors might entail.
EY Russia launches Turkish Business Center
Moscow, 28 April 2015
EY Russia is proud to announce that its Turkish Business Center is officially open. The opening ceremony and presentation of the Center took place at the Turkish Embassy on 27 April 2015 and were attended by the Turkish investors operating in different sectors in Russia. The EY Turkish Business Center is part of the EY Foreign Desk Organization – a unique platform designed to help foreign companies working in Russia increase their business efficiency through facilitation of new investors and liaison with EY Turkey practice.
US lull slows global IPO activity in first quarter
London, Moscow, 10 April 2015
Global IPO activity got off to a slow start this year compared with 2014 with 252 IPOs raising US$38.2b in the first quarter, a 4% decrease in volume and 19% drop in proceeds compared to the same period in 2014, according to the quarterly EY Global IPO Trends: 2015 Q1. Compared with the final quarter of 2014, activity was also down 31% by number of deals and 47% by capital raised.
Increase in divestments expected as buyers circle assets
London, Moscow, 3 April 2015
Divestments will be a core component of companies’ capital strategy in the next year as management teams address pressure to improve portfolio performance and shareholder returns, according to EY’s Global Corporate Divestment Study, Closing the deal: strategies to increase speed and value. More than half of executives (54%) expect the number of strategic sellers to increase in the next year.
Global real estate fund sector facing widespread ‘disruption’ as demand, funding and administration all evolve
New York, Moscow, 1 April 2015
The global real estate sector, riding a broad wave of growth and demand, is going through one of its most tumultuous periods in recent history, according to EY’s Global market outlook 2015: trends in real estate private equity report. As changes in economic and social patterns fundamentally alter demand throughout the real estate markets, investors are clamoring for new deals and sending prices higher.
Diversification and global competition drives renewable energy attractiveness
London, Moscow, 30 March 2015
A focus on energy diversification and increasing competitive pressure on both governments and investors is driving renewable energy attractiveness and bringing new investment destinations to the fore, according to EY’s latest Renewable energy country attractiveness index (RECAI).
Deal-makers move up the corporate hierarchy with M&A firmly re-established as a route to growth
London, Moscow, 20 March 2015
In the context of a sustained recovery in the global M&A market, corporate dealmakers are now taking on more prominent and strategic roles within their organizations, according to EY’s 2015 Global corporate development study – a survey of more than 300 executives conducted across 39 countries.
Navigating volatility, implementing technological initiatives and securing right talent are the top concerns and priorities of global automotive executives: EY Survey
Geneva, Moscow, 12 March 2015
Top automotive executives across the globe are facing significant business challenges as they look to achieve growth and competitive advantage for their companies. According to Changing lanes 2015-16: the automotive C-suite’s agenda, the third annual survey by EY’s Global Automotive and Transportation sector, executives are concerned about their ability to respond effectively to emerging market, Eurozone and political volatility, implement key operational initiatives, and attract and retain talent.
Emerging markets show increasing promise for digital earnings potential
Los Angeles, Moscow, 5 March 2015
While the United States has the highest digital earnings potential of any country, emerging markets are rapidly growing, according to a recent study conducted by EY to show which countries offer media and entertainment companies the greatest opportunities for earnings from digital media.
Oil and gas M&A to remain resilient despite 2014 downturn
London, Moscow, 3 March 2015
Global oil and gas deal value increased by 69% in 2014 while deal volume continued its decline amidst rising volatility, according to EY’s Global oil and gas transactions review 2014. Commodity price uncertainty will continue to influence transaction decisions in the year ahead as companies seek financial resilience.
Miners leaving cash in the ground with poor working capital
Sydney, Moscow, 27 February 2015
A new EY report shows that mining companies are missing out on “easy money” because of poor working capital management.
Russian oil sector sets a course towards optimization
Moscow, 26 February 2015
In December 2014, EY conducted a survey on the impact of both the financial and technological sanctions and falling oil prices on the future of the Russian oil industry. Representatives from major Russian oil companies took part in the survey. Our research suggests that market participants plan to improve business performance through optimization and use their own funds as a primary source of financing.
Key trends that could see M&A scale new heights in 2015
London, Moscow, 25 February 2015
The resurgence of mergers and acquisitions (M&A) in 2014 looks set to continue through 2015 as strong fundamentals and the search for growth bring executives to the deal table. Five key trends in 2015 should ensure that the deal market remains on target for sustained growth.
2014 mining and metals deal volume and value lowest in 10 years
London, Moscow, 19 February 2015
Deal volume in the global mining and metals sector reached a 10-year low in 2014, with transactions driven by divestments and forced sales in the face of falling commodity prices and risk-averse capital markets.
Venture capital activity at 13-year high
London, Moscow, 18 February 2015
2014 was an exceptional year for the global VC industry. Funding was back to levels not seen since 2000, median deal sizes were higher across all development stages and there were also more mega-investments of over US$50m than at any point since 2000, according to data released by EY today.
Technology transformation drives record dealmaking in 2014, and sets stage for ‘robust’ 2015
New York, Moscow, 17 February 2015
According to EY’s Global technology M&A update: October-December 2014, corporate technology dealmakers backed away from big-ticket deals in 4Q14, but, nonetheless, full-year 2014 set M&A volume and value records that were surpassed only in 2000, at the height of the dotcom bubble.
Insurance CFOs call for investment in finance function to help business grow through 2020 and beyond
London, Moscow, 16 February 2015
While CFOs are aiming to place greater focus on data management and analytics capabilities to help insurers grow through 2020 and beyond, they must balance this with meeting new regulatory reporting requirements and managing the relative cost of finance, according to EY’s 2014 Global Insurance CFO Survey.
Global hospitality trends point to widespread growth, cross-border M&A and new concepts in 2015
New York, Moscow, 13 February 2015
The global hospitality sector – riding a broad wave of growth, innovation and demand – is in a strong position to make further gains during 2015 as fresh capital from new locales increases the number of industry participants and creates an attractive atmosphere for acquisitions, according to EY’s Global hospitality insights: Top thoughts for 2015.
Biopharma M&A surges to over US$200b in 2014 as companies seek focus, scale and growth
San Francisco, Moscow, 11 February 2015
While largely absent in 2013, big pharma returned to vigorous deal-making in 2014, spending nearly US$90b on mergers and acquisitions (M&A).
EY recognized by Procter & Gamble (P&G) as one of seven top performing External Business Partners
London, 29 January 2015
Procter & Gamble has recognized EY as one of seven top performing External Business Partners to receive its highest accolade, Partner of the Year Award.
In the next 10 years only banks which have mastered transformation can count on success
London, Moscow, 28 January 2015
Over the next 10 years a number of factors, like global megatrends, demographic shifts, pressure from stakeholders, technological innovations and sluggish economic growth are going to drive both evolutionary and revolutionary changes according to EY’s new Global banking outlook 2015: Transforming banking for the next generation. Banks will have to reinvent themselves to comply with the challenges of today and be flexible enough to adapt to the reality of tomorrow.
Global IPOs outperform main indices in good, not epic, year
London, 24 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.
Banks’ poor service and errors push businesses across the world to seek alternative options
New York, 8 December 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, 8 December 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.
International Islamic banking assets with commercial banks set to exceed US$778b in 2014
Dubai, 2 December 2014
According to EY’s World Islamic Banking Competitiveness Report 2014-15: Participation Banking 2.0, Islamic banking assets with commercial banks in international markets are set to exceed US$778b in 2014.
Risk culture is at the forefront of banks' agenda as fines and remediation hit home
Washington, DC, 1 December 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.