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EY reports 2014 global revenues of US$27.4b
London, 30 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.
Oil and gas megaproject overruns to cost industry more than US$500b
London, Moscow, 2 September 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.
Mining M&A remains subdued despite strong deal pipeline
London, 2 September 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.
Pension and retirement systems need rapid reform at a global level to meet demographic challenges
New York, 29 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.
Productivity tops mining and metals business risks list
Sydney, 29 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.
EY CIS opens office in Rostov-on-Don
Moscow, 9 July 2014
EY, a global leader in advisory and assurance, has announced the expansion of its CIS practice with the opening of an office in Rostov-on-Don, Russia.
EY CIS promotes 14 new partners
Moscow, 7 July 2014
EY, a global advisory and assurance leader, has announced the appointment of 14 new partners in the CIS practice.
EY announces 675 new partners worldwide
London, 3 July 2014
EY has 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.
Encouraging signs for exports and households in the Eurozone but deflation threats are looming
Frankfurt, 2 July 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).
Private sector demand for bank credit in the emerging markets to grow 45% by 2018
New York, 1 July 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.
Consumer products and retail companies struggling to innovate
London, 25 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.
Pervasive global corruption leaves boards struggling to cope
London, 23 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.
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.
Foreign investment projects into Europe reach all-time high in 2013
London and Paris, 29 May 2014
Foreign direct investment (FDI) into Europe reached an all-time high last year, according to EY’s annual European Attractiveness Survey.
Total investment in infrastructure projects in Russia is expected to reach USD 969b by 2030
Moscow, 22 May 2014
The survey was conducted by analyzing opinions of 150 respondents who represent businesses and government bodies and are key decision-makers with experience in infrastructure projects in Russia.
Award ceremony of the Path to Career contest will be held on 21 April
Moscow, 16 April 2014
The award ceremony for the winners of the Path to Career contest will be held on 21 April 2014 at the EY office in Moscow
Companies are missing opportunities to mine big data to reduce fraud risk and improve anti-bribery compliance
London, Moscow, 9 April 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).
Corporates underestimating costs of post-merger integration, yet 14% of total deal value being spent on the integration process
London, 9 April 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. While the integration phase of a deal may never grab the headlines, it is in many ways, the only way to properly evaluate the outcome of a deal, according to a new survey by EY.
During its 25 years in the CIS, EY has grown from an audit and tax firm to a full range distinctive advisory services organization
Moscow, 7 April 2014
A significantly increasing number of companies operating in Russia and the CIS are choosing EY's advisory expertise in operational and production efficiency, including cost reduction and profitability enhancement, IT enabled business analytics, project finance and infrastructure, lead advisory and business modelling, proactive tax, HR and legal strategies.
Companies need to tailor employment offerings in the BRICs to secure and keep top talent and increase competitive advantage
London, 3 April 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.
Mobile money set for new wave of growth
London, 4 March 2014
Mobile payments are set for a new wave of growth but mobile operators must address customer concerns within a fragmented technology landscape to ensure that they make the most of the market’s potential, according to EY’s Mobile Money – the next wave of growth report, released today.
Consumer confidence in global banking industry bounces back
London, 19 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.
A third of global businesses are planning a sale in two years
London, 17 February 2014
A third (33%) of global businesses are planning a sale in the next two years according to a new report from EY.
The Russian venture capital industry has grown tenfold since 2007
Moscow, 10 February 2014
EY, the leading services provider for strategic growth markets, and RVC, the key Russian institute for venture industry development, announce Russian and global venture markets in 2007–2013 survey.
Financial investors to be key players in 2014 mining M&A
London, 7 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.
New wave of rapid-growth markets provide significant opportunities for global insurers
London, 5 February 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.
“Opportunity for Russia,” says Joe Watt, the new EY Managing Partner for the CIS
Moscow, 5 February 2014
By hosting global sports events Russia will help position itself in the global arena and build confidence, says the new head of EY’s practice in the CIS, Joe Watt, who replaced Karl Johansson in January 2014.
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.
A sector focused on growth: strong performance predicted for global lodging industry in 2014 according to latest EY report
New York, London, 31 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.
Foreign companies in India to expand presence
New Delhi, London, 29 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.
Big pharma need to tap M and A for growth
San Francisco, Moscow, 27 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, 16 January 2014
This year the Eurozone will experience annual GDP growth for the first time since 2011, but at just 0.9% 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 (EEFSF).
Cracking Europe’s shale gas potential
London,15 January 2014
Despite the transformative impact that shale gas has had on the outlook of US energy markets, the European landscape regarding shale gas is very mixed and markets should exercise caution as multiple issues may slow progress, according to a new report issued by EY today.
Mergers and acquisitions at lowest level but overdue recovery in 2014
London, 13 January 2014
Despite hopes that M&A moved into a sustained growth phase last year, 2013 saw an unprecedented hat-trick – a third year of falling deal activity globally.
Media and Entertainment capital confidence barometer results
Los Angeles, 10 January 2014
The media and entertainment industry is heading into 2014 with a high level of confidence in the global economy, according to the 9th Capital Confidence Barometer – Media & Entertainment industry results released by EY.
Cyber-hacking threat increasing for mining and metals companies
Sydney, 10 January 2014
Cyber-hacking is becoming increasingly pervasive in the mining and metals sector, with the potential to soon be a top 10 strategic risk, according to EY Global Mining & Metals Leader Mike Elliott.
Eurozone moving away from crisis mode but long-lasting scars will remain
Frankfurt, 20 December 2013
Despite signs of renewed growth across the Eurozone deep scars of the recession are likely to remain for years to come. While 2014 will be the first year of positive growth since 2011, as a result of an export recovery and easing of austerity measures, growth will remain low for the foreseeable future, according to the winter EY Eurozone Forecast (EEF).
2014 to be a record year for Global IPOs, building on strong momentum in 2013
London, 17 December 2013
Global IPO activity should remain on a firm footing in Q1’14, following a strong uptick in listings in the last quarter of 2013 to close the year with a total of 864 deals raising around US$163.0b, according to EY Global IPO Trends: Q4 2013.