Adoption of FinTech could double among digitally active consumers within next 12 months
London, 21 December 2015
The levels of financial technology (FinTech) adoption among consumers are set to grow significantly in the next year, a change that will require traditional financial services companies to revisit their customer service strategies to compete effectively with new market entrants, according to EY’s first FinTech Adoption Index.
EY named industry leader by independent analysts as investment in innovative new capabilities continues
London, 21 December 2015
EY’s Transaction Advisory Services (TAS) has been recognized as an industry leader in the corporate finance space by Kennedy Consulting Research and Advisory’s Corporate Development Consulting: Mergers & Acquisitions and Divestitures report.
Working capital key to unlocking ‘cash’ for mining companies
Sydney, 18 December 2015
A sharper focus on improving working capital performance across the mining sector has had mixed results so far, according to a new EY report.
IPOs hold their own amidst pressure from alternative funding and global volatility
London, 15 December 2015
After last year’s record-breaking level of activity, the volume of global IPOs in 2015 fell by 2% to 1,218 IPO listings and total capital raised declined by 25% to US$195.5b.
EY opens new global headquarters in London
London, 14 December 2015
EY today officially opens its new global headquarters at 6 More London Place, London SE1. With 225,000 people across 150 countries around the world, EY’s global headquarters is home to 800 people that form part of the professional services organization’s Global Executive.
Eurozone recovery broadening out; capital investment supports future growth
Frankfurt, 10 December 2015
After initially being led by consumer spending during 2014 and 2015, economic conditions within the Eurozone continue to rebound with Eurozone capital investment expected to underpin a steady recovery into the medium term, according to the December 2015 issue of the EY Eurozone Forecast.
EY's Transaction Advisory Services named the Accountancy Firm of the Year in Europe 2015
London, 9 December 2015
EY's Transaction Advisory Services (TAS) practice was named the Accountancy Firm of the Year in Europe for the fifth time in six years by Mergermarket, an independent mergers and acquisitions intelligence and data provider.
Globalization and regulatory changes to lead asset servicing industry growth over next five years
New York, 8 December 2015
The asset servicing industry appears poised for expansion in the next five years, with globalization and regulatory changes driving growth, according to New opportunities for asset servicing, EY’s Global asset servicing study.
Tech executives find digital disruption spurs M&A
New York, 8 December 2015
Digital disruption (technology innovation via mobile, social, cloud and big data analytics) is enabling and transforming all areas of business enterprise across all industries.
Growing consensus among business leaders on carbon pricing
London, 8 December 2015
Carbon pricing is the most effective way to cut carbon emissions, according to 54% of executives surveyed for our report, Shifting the carbon pricing debate: emerging business attitudes fuel momentum for global climate action, as low-carbon discussions intensify at COP21, the 2015 UN climate change conference in Paris.
Caution giving way to bolder acquisitions for consumer products and retail companies as 66% prepare for deals
London, 8 December 2015
While operational efficiency still weighs on consumer products and retail (CP&R) companies, 66% of C-suite executives expect to pursue acquisitions within the next 12 months, according to EY's Consumer Products and Retail Capital Confidence Barometer.
EY named a worldwide leader in digital strategy consulting services for digital
London, 7 December 2015
EY has been recognized as a worldwide leader in digital strategy consulting services for digital operations by IDC MarketScape.
Media and entertainment executives show record confidence in global economy even while industry challenges persist
Los Angeles, 7 December 2015
Despite the usual industry challenges and downside risks, the media and entertainment (M&E) industry has a high level of confidence in the global economy, according to a recent survey of senior executives from global M&E companies conducted by EY for the 13th Global Capital Confidence Barometer.
EY names Elaine Yi Long from China Young Tax Professional of the Year 2015
Amsterdam, 3 December 2015
China representative, Elaine Yi Long, has been crowned this year's Young Tax Professional of The Year at the international final in Amsterdam.
Survey shows 67% of oil and gas companies ready to do deals following slow first three quarters
London, 3 December 2015
More than two-thirds of global oil and gas executives expect to pursue an acquisition in the next 12 months, according to EY's Oil & Gas Capital Confidence Barometer.
Debt and earnings disconnect leaves mining companies vulnerable
London, 27 November 2015
Mining companies globally are factoring in ‘lower for longer’ commodity prices as leverage levels across the sector stretch balance sheets and trigger a flood of asset sales, according to EY Global Mining & Metals Transactions Leader, Lee Downham, in response to EY’s Debt in the mining sector report, released today.
NorthPoint Digital Joins EY to Help Clients Navigate Era of Digital Disruption
New York, 24 November 2015
EY announced today that NorthPoint Digital, a leading digital solutions company, has joined Ernst & Young LLP in the US.
Third quarter surge in power and utilities M&A sets pace for transaction activity in year ahead
London, 19 November 2015
Global power and utilities deal value reached a five-year high of US$75.5b in the third quarter of 2015 and a growing appetite for transactions points to an active market ahead, according to EY's Power & Utilities Capital Confidence Barometer.
India ranked the most attractive investment destination by UK investors
London, 12 November 2015
India has been ranked the most attractive investment destination in the world for the next three years, according to Ready, set, grow: EY's attractiveness survey, India 2015.
More than one-third of global organizations still lack confidence in their ability to detect sophisticated cyber attacks, EY survey finds
London, 10 November 2015
More than one-third (36%) of global organizations still lack confidence in their ability to detect sophisticated cyber attacks, according to the annual EY’s Global Information Security Survey 2015, Creating trust in the digital world.
Hedge funds confront impact of financial market regulations and challenges of evolving prime broker relationships
New York, 10 November 2015
Hedge fund managers are experiencing the ripple effects of new regulations on banks and prime brokers, with hedge funds facing increased trading fees and broader changes to business relationships.
Digital disruption keeps dealmaking strong in tech industry for 3Q15
New York, 3 November 2015
Global technology M&A deal volume in 3Q15 reached 1,069 deals, in spite of the NASDAQ Composite Index declining 7% during the quarter — the first quarterly decline in three years.
EY appoints Adi Karev as Global Oil & Gas Leader
London, 3 November 2015
EY announces the appointment of Adi Karev as Global Oil & Gas Leader, overseeing EY's network of sector professionals around the world.
EY and LinkedIn enter into alliance to help accelerate growth in the business-to-business market
London, 29 October 2015
EY and LinkedIn (NYSE:LNKD) today announce a new strategic alliance to jointly offer services to help more companies around the world use technology, social networks and innovative sales techniques to empower their go-to-market efforts.
Majority of oil and gas capital project joint ventures exceed budget
London, 28 October 2015
Analysis of 333 current oil and gas capital projects revealed that 92% of joint venture (JV) arrangements experienced cost and schedule overruns compared to 83% of non-JVs, according to EY's new report Joint ventures for oil and gas megaprojects.
More CFOs partnering with CEOs to drive corporate strategy, yet many are ignoring the shift to digital
New York, 28 October 2015
While the relationship between chief financial officers (CFO) and chief executive officers (CEO) has become more collaborative in the past three years as finance leaders have stepped up to the role of strategic advisor to the CEO, they are still more focused on managing costs and setting budgets than carving out a more strategic role.
M&A appetite at its strongest in six years as 6 in 10 companies actively pursue acquisitions
London, 26 October 2015
The recent wave of mergers and acquisitions is set to continue with 59% of global companies now planning to acquire in the next 12 months.
EY supports Entrepreneurial Mindset Summit
London, 23 October 2015
Leading figures in education, workforce development, entrepreneurship and philanthropy will meet in New York City on 27 October 2015 for the inaugural Entrepreneurial Mindset Summit, hosted by the Network for Teaching Entrepreneurship (NFTE) with signature support from EY.
Institutional investor attitudes shifting as environmental and social risks impact investment decisions
London, 22 October 2015
The finding comes from the 2015 annual survey by EY's Climate Change and Sustainability Services, Tomorrow's Investment Rules 2.0, the second consecutive survey looking at institutional investors' views about the use of non-financial information in making investment decisions.
EY leaders recognized for contribution to LGBT inclusion by OUTstanding professional network
London, 21 October 2015
EY leaders have once again been recognized by OUTstanding professional network for their impact on lesbian, gay, bisexual and transgender (LGBT) inclusion inside and outside the workplace.
ETF industry expects nearly 18% growth per year over next three to five years
London, 19 October 2015
Exchange traded fund (ETF) businesses expect to grow by nearly 18% per year for the next three to five years, as they continue to gain market share.
Lending expected to grow more than 3% in 2016, boosting Eurozone economy
London, 19 October 2015
Despite recent volatility in global equity markets the Eurozone’s economic recovery has remained on track in 2015. This has been largely driven by stronger exports, and consumer spending, with support from renewed growth in the flow of new lending to corporates.
Media and entertainment industry poised to generate one of the best profit margins in 2015 compared to leading stock market indices
Los Angeles, 15 October 2015
The media and entertainment (M&E) industry is expected to generate higher margins than several leading stock market indices, according to an EY report.
India ranked as most attractive investment destination by global investors
New Delhi, 14 October 2015
India has been ranked as the most attractive investment destination in the world for the next three years, according to 'Ready, set, grow: EY's 2015 India attractiveness survey,' published today.
Sport is a critical lever in advancing women at all levels, according to new EY/espnW report
Dana Point, 14 October 2015
The EY Women Athletes Business Network and espnW released a new report that analyzes how sport primes women for leadership while boosting career opportunities and earning power.
Banks rethink risk management with a focus on front-office accountability
London, 8 October 2015
Bank boards and management are increasing their focus on risk management and are holding front-office staff more responsible as they address regulatory pressure, investor demands and the high cost of past misconduct.
EY adds more analytics and big data capabilities through Bluestone Consulting acquisition
Paris, 6 October 2015
EY announces that its member firm based in France Ernst &Young Advisory has acquired Bluestone Consulting, a leading analytics and big data consultancy based in France.
The global medtech industry struggles to sustain growth, putting future innovation at risk
San Diego, 6 October 2015
Despite a record number of IPOs and a robust mergers and acquisitions (M&A) market, the global medtech industry continues to face tepid growth and a dwindling pool of investors for early-stage companies, raising important questions about the long-term sustainability of the sector.
EY statement in response to the Organization for Economic Co-operation and Development (OECD) reports concerning the base erosion and profit shifting (BEPS) project
London, 5 October 2015
EY releases a statement from its Global Vice Chair - Tax, Jay Nibbe, in response to the Organization for Economic Co-operation and Development (OECD) reports concerning the base erosion and profit shifting (BEPS) project.
EY launches integrated People Advisory Services practice to better serve multibillion dollar people services market
London, 1 October 2015
EY today announces the launch of People Advisory Services (PAS), an integrated practice combining 10,000 practitioners from Tax and Advisory to deliver insight and innovation on people, organizational and compliance issues.
Eurozone enjoying a “sweet spot” in the second half of 2015
Frankfurt, 1 October 2015
The Eurozone remains in a ”sweet spot,” benefiting from lower energy prices, a more competitive exchange rate and solid demand in the UK and US, according to the October 2015 issue of the EY Eurozone Forecast (EEF).
Through commitment to the Clinton Global Initiative, EY continues its quest to advance purpose-led transformation all around the world
New York, 30 September 2015
EY announced today that it is making a Clinton Global Initiative (CGI) Commitment to Action to create a digital hub for the EY Beacon Institute, a global community of c-suite executives, investors, entrepreneurs and academics with the goal of advancing transformation of the working world.
Eighty-five percent of organizations globally are yet to achieve close alignment between risk and business objectives
London, 24 September 2015
Ninety-seven percent of organizations have made progress in linking their risk management and business objectives, however, a staggering 85% haven't created closer links, according to EY's global governance, risk and compliance (GRC) survey 2015 “There's no reward without risk”.
EY appoints Benoit Laclau to Global Power & Utilities Leader
London, 24 September 2015
EY announces the appointment of Benoit Laclau as the Global Power & Utilities Leader, overseeing EY's global network of 4,400 sector professionals.
Global IPO activity hit as volatility spikes and China pauses
London, 23 September 2015
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.
Television's biggest night fast approaches as Ernst & Young LLP tabulates the votes for the 67th Emmy® Awards to reveal who will go home with the gold
Los Angeles, 16 September 2015
The ballots are in and the world is eagerly awaiting the results of the 67th Emmy Awards as Ernst & Young LLP oversees the voting and tabulation process for television's biggest night and takes safeguards to protect the integrity and security of the identity of the winners.
Policy changes shake up renewable energy country attractiveness
London, 16 September 2015
Policy shifts around the world have prompted a major shuffle of EY's Renewable energy country attractiveness index (RECAI), with the US replacing China at the top of the list after losing the position a year ago, the new report reveals.
EY named a leader in IDC MarketScape report for Worldwide Risk Advisory Consulting Services 2015
London, 15 September 2015
EY has been recognized as a Leader in IDC MarketScape's recently published Worldwide Risk Advisory Consulting Services 2015 Vendor Assessment.
EY reports 2015 global revenues up by 11.6%
London, 15 September 2015
EY today announces combined global revenues of US$28.7b for its financial year ended 30 June 2015.
Europe's leading utilities write €22.9b off balance sheets in 2014
London, 10 September 2015
European utilities experienced yet another year of significant asset impairments (€22.9b) in 2014 as depressed energy prices and regulatory changes took their toll on the region, according to EY's Benchmarking European power and utility asset impairments: Testing times ahead study.
Pension stakeholders see need to collaborate and improve long-term distribution strategy
London, 10 September 2015
Key public and private sector stakeholders face mounting pressure to develop more robust and clearer long-term pension and retirement distribution strategies as reforms and consumer choices increase, warns a new report by EY, The $500 trillion prize: A customer-centric vision for the global pension and retirement market.
Family businesses face succession challenge as next generation look elsewhere for employment
London, 8 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.
The G20 is at risk of losing entrepreneurial and job-creating cultures
London, 7 September 2015
Governments must commit to and enact targeted education policies that support future generations of youth entrepreneurs, or else they risk losing out on years of jobs growth and new forms of innovation, warns a new report by EY, From classroom to boardroom: Creating a culture for high impact entrepreneurship.
Energy reform drives global power and utilities M&A activity amid slow quarter
London, 3 September 2015
Energy reform has shown that it is an increasingly influential driver of deals activity in the global power and utilities sector, even as M&A reached a six-year low of US$50.9b in the first half of 2015, according to EY's quarterly Power transactions and trends Q2 2015 report.
EY appoints former Magic Circle lawyer to lead its EU State aid, competition and trade law practice in Brussels
London, 1 September 2015
EY has appointed Steven Verschuur as partner to lead on EU State aid, competition and trade law, further bolstering its global law practice.
EY bolsters cybersecurity effort with new offerings and capabilities
London, 1 September 2015
EY today announced that it will bolster its cybersecurity services by delivering some of the most advanced and cutting-edge analytical capabilities to hunt detect and defend against future cyber-attacks for clients.
EY and Los Alamos National Laboratory Make New Cybersecurity Tools Available to the Private Sector
New York and Los Alamos, NM, 25 August 2015
Strategic alliance will allow EY to offer Los Alamos' unique behavioral analysis cybersecurity tools to respond and quickly counter attacks
EY named a leader in Gartner's Magic Quadrant for SAP Implementation Services, Worldwide
London, 19 August 2015
EY has been recognized as a leader in Gartner's recently published Magic Quadrant for SAP Implementation Services, Worldwide.
Highest M&A deals value for APAC in over a decade
Hong Kong, 13 August 2015
With deals worth US$561.8b announced in the first half of 2015, the Asia-Pacific region has reached a record high in deals value.
Modest uptick for global mining M&A volume, while value rises by 18%
London, 12 August 2015
A modest uptick in Q2 2015 global mining and metals deal activity is expected to continue into the second half of the year, albeit at a slow, steady pace, according to global professional services organization, EY.
EY and YourEncore Form Alliance to Address Emerging Regulatory Challenges for Life Sciences Industry
New York and Indianapolis, 11 August 2015
Ernst & Young LLP and YourEncore have formed a strategic alliance to provide end-to-end offerings designed to help life sciences and consumer products clients accelerate product development, strengthen regulatory compliance, and improve productivity.
EY named a leader in Gartner's inaugural Magic Quadrant for Enterprise Architecture Consultancies
London, 7 August 2015
EY announces today that it has been recognized as a leader in Gartner's inaugural Magic Quadrant for Enterprise Architecture Consultancies.
EY's Ric Cavieres Ric Cavieres recognized as leading influencer in life sciences
New York, 3 August 2015
Ric Cavieres, principal and Advisory Life Sciences commercial practice leader at Ernst & Young LLP has received PharmaVOICE's “100 Most Inspiring People in the Life Sciences Industry” award for 2015.
EY launches new approach to develop interdisciplinary, global solutions for the future of health care
New York, 30 July 2015
Health care around the world is being dramatically disrupted by unsustainable cost inflation and the rapid rise of digital health technologies.
2015 set to be best year ever for M&A – first half sees new deal records, with capacity for even further growth
London, 30 July 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.
Closer collaboration between policymakers and businesses needed to sustain the ASEAN Economic Community's progress beyond 2015
Singapore, 29 July 2015
With the majority of the high-priority measures in the ASEAN Economic Community (AEC) blueprint already adopted, policymakers and businesses now need to work closer together to tackle and implement the remaining challenges in order to achieve and sustain the benefits of full economic integration beyond 2015.
EY's Global Pharma Business CASE™ helps biopharma drive commercial profitability
New York, 28 July 2015
In an era of shifting markets, channels and customers, EY is bringing clarity and insights to biopharmas' commercial business through the use of advanced analytics.
Technology disruption drives record dealmaking in 2Q15 driven by IoT, smart mobility and cloud technologies
New York, 28 July 2015
According to our Global technology M&A update: April-June 2015, technology disruption continues to accelerate as corporate 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.
Window of opportunity for steelmakers to transform
London, 27 July 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.
Jeff Wong, former eBay executive, named EY Global Chief Innovation Officer
New York, 23 July 2015
Industry around the world is being dramatically disrupted by innovation, megatrends and the rapid rise of unforeseen technologies.
EY announces the appointment of Miguel Zweig as Global Mining & Metals Sector Leader
London, 22 July 2015
EY today announced the appointment of Miguel Zweig as EY Global Mining & Metals Sector Leader, succeeding Mike Elliott.
EY appoints Rohan Sachdev as Global Insurance Emerging Markets Leader
Mumbai, 20 July 2015
EY has appointed Rohan Sachdev as Global Insurance Emerging Markets Leader, where he will oversee the emerging markets strategy for EY's Global Insurance group and help insurers navigate the complexities and opportunities of developing economies.
Global telecommunications industry sees rise in capital spending as companies try to keep pace with disruptive competitors
Shanghai, 16 July 2015
Capital spending is rising at the same rate as revenue in the global telecommunications industry as Over-The-Top (OTT) competitors expand their presence and threaten traditional operators' return on investment, according to EY.
Despite risks, consumer products and retail leads in job creation in Africa and is among the leading sectors for investment
London, 15 July 2015
Consumer products and retail (CPR) has emerged as among the leading sectors for foreign direct investment (FDI) in Africa, attracting 14.1% of all FDI projects.
Study shows CFO-CMOs collaboration is increasing, but barriers remain
London, 14 July 2015
Although the relationship between the chief financial officer (CFO) and the chief marketing officer (CMO) has become closer and more collaborative in the last three years, in many organizations it is not happening quickly enough to adapt to a digital world, according to an EY global survey of 652 CFOs and a series of in-depth interviews with CFOs and CMOs.
EY to build 200-strong data scientist team in Madrid to focus on data in financial services
London, 13 July 2015
EY today opens a Global Innovation Center in Madrid that will focus exclusively in managing and analyzing big data in financial services.
EY promotes 753 new partners worldwide
London, 1 July 2015
EY today announced the promotion of 753 of its people to partner, its largest increase since 2008 and a 12% increase over 2014.
EY and the International Women's Forum announce call for applications for elite female athletes
New York, 30 June 2015
EY's Women Athletes Business Network (WABN) and the International Women's Forum® (IWF) have opened applications for their 2016 mentoring program, designed to harness the often untapped leadership potential of female elite athletes after their retirement from sport.
EY shines spotlight on Indonesia's growing health care sector through its ripe investment opportunities
Jakarta, 29 June 2015
Investors in Indonesia's growing healthcare sector can make good returns and improve the lives of millions, an EY report finds.
BNP Paribas Securities Services choses EY's Global Fund Distribution offering
London, 29 June 2015
EY today announces that BNP Paribas Securities Services has chosen the EY Global Fund Distribution offering (EY GFD) to enhance its cross-border fund distribution support for global asset managers.
Global leaders from business, academia and politics meet at Global Sustainability Summit
Madrid, 29 June 2015
Global policymakers, business leaders and academics will convene this week at the fourth Global Sustainability Summit, being held in Madrid between 1-2 July.
Future growth becomes the top business risk for mining and metals companies
Sydney, 29 June 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.
EY launches Diversity & Inclusiveness microsite
New York, 26 June 2015
EY announced the launch of its Diversity & Inclusiveness (D&I) microsite (ey.com/differencesmatter), a change management tool that was developed to accelerate a cultural evolution within EY globally, and share insights with other companies as they initiate their own D&I journeys or enhance ongoing efforts.
Global IPO patterns changing as activity moves to private markets and to Asia
London, 24 June 2015
Global IPO activity in the second quarter of 2015 picked up compared to the first three months of the year, up 61% by proceeds and 37% by deal number, but the IPO market in 2015 so far has been lacklustre, especially in the US and Europe.
Higher aggregate costs and new competition have cut investment bank ROE in half over past 10 years
London, 23 June 2015
Major investment banks' return on equity has fallen from close to 20% in 2006 to less than 8% in 2014, meaning firms will have to make significant changes to return to low double-digit profitability and offset the impacts of higher costs, control failures and intensifying competition, according to our Transforming investment banks 2015 report.
Family businesses believe in the power of women in leadership
London, 19 June 2015
Women are more likely to take on a leadership position within a family business than any of their non-family counterparts, with 70% of family businesses considering and 30% strongly considering a woman for the CEO position.
EY to acquire Integrc, further boosting its governance, risk and compliance consulting services
London, 18 June 2015
Today we signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance services to companies that run SAP.
Eurozone is experiencing its strongest period of growth since 2011
Frankfurt, 18 June 2015
The Eurozone's positive start to 2015 — with Q1 GDP growing by 0.4% on the quarter, stronger than the US or the UK — suggests that consumers are responding to lower energy prices according to the June 2015 issue of the EY Eurozone Forecast (EEF).
Oil price volatility highlights tax structure vulnerabilities of exporting countries
London, 16 June 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.
More than half of consumer products and retail companies expect to pursue acquisitions in the next 12 months
London, 15 June 2015
Consumer products and retail (CPR) companies are priming for growth in the next 12 months, with 53% expecting to pursue mergers and acquisitions (M&A), and a third intending to conduct larger deals in the future.
Global biotech industry continues to sizzle as market capitalization surpasses US$1 trillion
Philadelphia, 15 June 2015
The global biotechnology industry reached new heights in 2014, setting records on virtually every major financial metric, including revenues, profitability and capital raised.
Marketers should use data to build trust with customers, says report by EY and Forbes Insights
New York, 11 June 2015
Customers have more information available than ever before to assist them in their buying decisions, and winning their loyalty has become an increasing challenge for companies.
Patrick Flochel, EY's Global Pharmaceutical Leader, relocates to Tokyo to help expand organization's Asia presence
London, 10 June 2015
Patrick Flochel, EY's Global Pharmaceutical Leader, has relocated to Tokyo from his previous base in Zurich.
Talent repelled by unethical business practices, says EY's survey
Hong Kong, 10 June 2015
Almost 80% of the respondents polled in EY's Asia-Pacific Fraud Survey 2015 claiming they would be unwilling to work for companies involved in bribery and corruption.
More strategic mindset needed to accelerate investment in energy storage and address the energy security imperative
London, 10 June 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).
EY escalates battle against cybercrime with launch of first-of-its-kind managed security operations center
London, 9 June 2015
In an environment where cybercrime is an increasing threat for organizations across the globe, EY today announces the launch of its Managed Security Operations Center (SOC) services.
Mohed Altrad of Altrad Group from France named EY World Entrepreneur Of The Year 2015
Monaco, 7 June 2015
Mohed Altrad, the founder and CEO of Montpelier-based Altrad Group, was last night named EY World Entrepreneur Of The Year 2015 at an awards ceremony held in Monaco's Salle des Etoiles.
EY honors Bill Ford with the Global Family Business Center of Excellence Special Recognition
Monaco, 4 June 2015
Bill Ford, Executive Chairman of Ford Motor Company, has been honored by the EY Global Family Business Center of Excellence as this year's Special Recognition recipient.
Entrepreneurs will be a leading source of job creation this year
Monaco, 4 June 2015
Entrepreneurs are leading global job creation, with 47% of entrepreneurs expecting to increase their total global workforce this year.
EY further activates its purpose to build a better working world
London, 2 June 2015
EY has activated the next phase of its purpose to build a better working world.
FDI value jumps despite falling number of investment projects in Africa
London and Johannesburg, 2 June 2015
According to EY’s 2015 Africa attractiveness survey – Making choices, Africa’s share of foreign direct investment (FDI) projects fell 8.4% in 2014, but remained well above pre-2008 levels.
EY announces two partner appointments to its Global Immigration practice
London, 1 June 2015
EY today announced the appointment of Anjali Greenwell to EMEIA Immigration Leader and Monica Tull to EMEIA Immigration Operations Leader, further bolstering its global Human Capital practice.
Close to half of global financial services firms expect to pursue M&A in next 12 months
London, 1 June 2015
Global financial services transaction activity is gaining momentum, with 46% of executives intending to pursue acquisitions in the next 12 months, according to EY's 12th Financial Services Capital Confidence Barometer.
Oil and gas needs focused portfolio management to address decade-long decline in return on capital
London, 28 May 2015
Global oil and gas companies must evolve their approach to portfolio management to improve return on capital (ROC) and remain resilient in today's increasingly challenging market, according to EY's Portfolio management in oil and gas: building and preserving optionality.
EY named a Kennedy Vanguard leader for its Channel, Category and Sales Management Consulting
London, 27 May 2015
Our Global Consumer Products Advisory Practice has been named a leader in Channel, Category and Sales Management Consulting by Kennedy Research, an ALM Business in their Vanguard report: Commercial Execution: Channel, Category and Sales Management Consulting.
M&A appetite among global automotive companies reaches six-year high
London, 27 May 2015
Growing confidence in the global economy and a relentless push for innovation will further support mergers and acquisitions (M&A) in the automotive sector in the next 12 months, according to our Automotive Global Capital Confidence Barometer.
Western Europe overtakes China and North America as #1 investment destination with FDI projects at record high
London, 27 May 2015
FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown.
World's leading entrepreneurs gather for 15th EY World Entrepreneur Of The Year
London, 26 May 2015
We will be celebrating the 15th anniversary of EY World Entrepreneur Of The Year next week in Monaco, recognizing the journeys of 65 entrepreneurs from 53 countries.
Businesses must augment tax transparency readiness to mitigate increasing reputation risk
London, 26 May 2015
Tax transparency is becoming the new norm as the OECD, European Commission and national governments demand more data from businesses.
Economic confidence and financial strength drive media and entertainment deal-making expectations to the highest levels since the global recession
Los Angeles, 26 May 2015
Confidence in the global economy among the world's leading media and entertainment companies is at its highest point since the global financial crisis.
Digital agenda is driving closer CFO-CIO collaboration, but lack of understanding of IT issues in finance function remains a significant barrier
New York, 19 May 2015
The chief financial officer – chief information officer relationship is becoming closer and more collaborative, with the CFO playing a greater role in four vital IT-related activities, according to an EY global survey, of 652 CFOs and a series of in-depth interviews with CFOs, CIOs and EY professionals.
Tech executives confident M&A surge will continue through 2015
New York, 19 May 2015
In the wake of record-setting first quarter mergers and acquisitions (M&A), technology executives expressed confidence that global digital transformation will continue to drive M&A in the sector through 2015, in EY's latest Global Capital Confidence Barometer — Technology.
EY's Valentina Roselli and Kiley Smith to be honored as 2015 Healthcare Businesswomen's Association Rising Stars
New York, 14 May 2015
EY's Valentina Roselli and Kiley Smith will be honored as 2015 Rising Stars by the Healthcare Businesswomen's Association (HBA) at its 26th Woman of the Year (WOTY) event, today, Thursday, May 14 in New York City.
Fraud and corruption risks impact corporate international expansion; pressure for revenue and earnings growth driving illegal conduct
London, 14 May 2015
EY's Europe, Middle East, India and Africa 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.
Consulting Magazine Names EY's Ellen Hives as “Top 25” Consultant
New York, 13 May 2015
EY announced that Ellen Hives, principal, Ernst & Young LLP, has been named one of the “Top 25 Consultants” by Consulting Magazine, which recognized individuals who have had a significant impact on client services, industry excellence and leadership.
Global power and utilities' appetite for M&A on the rise in 2015
London, 12 May 2015
Transaction activity in the global power and utilities (P&U) sector is gaining momentum with 45% of companies ready to pursue acquisitions in the next 12 months, according to EY's 12th biannual Power & Utilities Global Capital Confidence Barometer.
Mining companies continue to count the cost of megaproject blowouts
Sydney, 11 May 2015
Lower commodity prices have driven cost-cutting and operational productivity improvements across the global mining industry, but new EY research shows massive budget overruns continue to plague the completion of complex multibillion dollar projects in the sector and hamper capital productivity.
Oil and gas companies gearing up for transactions post slump
London, 6 May 2015
More than half (56%) of global oil and gas executives are ready to transact in the next 12 months (60% expect to complete at least two deals) according to our 12th biannual Oil & Gas Global Capital Confidence Barometer.
EY appoints Gary Hwa as Regional Managing Partner for its Asia-Pacific Financial Services Organization
Hong Kong, 5 May 2015
EY today announced the appointment of Gary Hwa as Regional Managing Partner of its Asia-Pacific Financial Services Organization (FSO).
One third of full-time workers globally say managing work-life has become more difficult - younger generations and parents hit hardest
New York, 5 May 2015
EY released new research today that shows one third of full-time workers say that managing work-life has become more difficult in the last five years. Younger generations and parents are harder hit than others, plus workers in certain countries.
Honoring legacy but continuing to innovate drives family business success
London, 30 April 2015
The world's most successful family businesses are those that can integrate practicality and innovation, strategy and strong commercial acumen, along with nurturing and caring for the family.
GCC countries can gain an extra US$17.7 billion through diversification
Dubai, 29 April 2014
If the GCC countries were to catch up to the average OECD level of diversification, the region could see additional gains of up to $17.7 billion.
EY sends six high performers to Monaco for its 2015 Accelerating Entrepreneurs program
London, 29 April 2015
EY has selected six high-performing entrepreneurs from around the world to participate in its prestigious Accelerating Entrepreneurs program.
Q1 mining deals dip to US$5.9b as private capital waits
London, 27 April 2015
Increased interest in gold assets and a small uptick in private capital activity are the limited bright spots of a subdued first quarter of deal activity in the global mining and metals sector.
African market shows momentum for private equity exits after 38% increase in 2014
London, 27 April 2015
Private equity (PE) exits in Africa reached an eight-year high in 2014, and strong activity should continue as more companies enter the period where an exit becomes increasingly imperative, according to data from EY and the African Private Equity and Venture Capital Association (AVCA).
Technology transformation fueled record deal-making in 1Q15 driven by Internet of Things (IoT), security, smart mobility and cloud technologies
New York, 23 April 2015
According to EY’s Global technology M&A update: January-March 2015, record-setting technology M&A continued to set new post-dotcom-bubble highs in 1Q15 for both quarterly value and volume.
EY and Microsoft form strategic business relationship
New York, 22 April 2015
EY announced today a strategic business relationship with Microsoft Corp. (NASDAQ: MSFT) to deliver new and innovative services through their digital-age strengths to companies around the world.
The Mediterranean, Middle East and Gulf region emerges as one of the top destinations for foreign direct investment (FDI)
Rome, 16 April 2015
With a total GDP of over US$10t and 17,110 FDI projects in the last five years, the greater Mediterranean region is already one of the most attractive FDI destinations worldwide, according to the new EY BaroMed 2015 – The Next Opportunity, launched today at the EY Strategic Growth Forum®- Unlocking the potential of Mediterranean, in Rome.
New wave of M&A expected as deal appetite hits five-year high – more than half of global companies now pursuing acquisitions
London, 13 April 2015
The mergers and acquisitions (M&A) market is primed for further growth as a striking 56% of global companies intend to acquire in the next 12 months, according to EY's 12th Global Capital Confidence Barometer, a biannual survey of more than 1,600 executives in 54 countries.
EY announces finalists for the 2015 Entrepreneur Of The Year Award in Saudi Arabia
Riyadh, 08 April 2015
EY announced the 11 entrepreneurs representing 10 companies shortlisted as finalists for the Entrepreneur Of The Year (EOY) award in Saudi Arabia.
EY recognized by APQC for its industry-leading knowledge content practices
New York, 7 April 2015
EY’s best practices in knowledge content have been showcased in APQC’s in-depth report Connecting People to Content (Best Practices Report).
EY is named a leader by Gartner's Magic Quadrant for Business Operations Consulting Services, Worldwide
London, 2 April 2015
The recognition is for consulting services that support senior business stakeholders – COOs, chief supply chain officers, chief procurement officers and other operational leaders – in their efforts to improve their companies' operations on a global basis.
EY index shows power and utilities companies going backward on diversity
London, 31 March 2015
At a time of increasing need for new ideas and approaches to confront the transformation facing the power and utilities (P&U) sector, the number of women in the boardroom of the industry's 200 largest companies by revenue has fallen.
US lull slows global IPO activity in first quarter
London, 25 March 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.
2015 will be turning point in Eurozone's decade-long lending slump
London, 23 March 2015
The fledgling Eurozone economic recovery last year resulted in the third consecutive year of falling business lending, stagnant consumer credit and the prolonging of painfully low interest rates.
Low oil prices and supportive policy to drive recovery in Eurozone
Frankfurt, 12 March 2015
After a year of tentative recovery in 2014, the Eurozone has moved into 2015 aided by two important growth drivers – sharply lower oil prices and QE according to the March 2015 issue of the EY Eurozone Forecast (EEF).
Europe's bankers predict low returns and increased job losses in 2015
London, 9 March 2015
A combination of low growth, continued restructuring and renewed pessimism about the economic outlook in Europe means that bankers see further staff cuts as inevitable, according to our European Banking Barometer.
Top business leaders and elite female athletes connect through global mentoring program
London, 8 March 2015
Women's advancement is not just about fairness; it's an economic imperative. Find out what we're doing about it, for International Women's Day and beyond.
EY is named a leader by IDC MarketScape for its business consulting in Asia-Pacific
London, 6 March 2015
EY announces today that it has been named a leader for its business consulting services in this year's IDC MarketScape: Asia/Pacific Business Consulting Services 2015 Vendor Assessment (doc #254319, February 2015).
Global real estate fund sector facing widespread 'disruption' as demand, funding and administration all evolve
New York, 5 March 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.
EY continues to be a member of United Nations Global Compact
London, 4 March 2015
EY, a proud member of the United Nations Global Compact (UNGC), today shares its progress report for 2014: Our vision, values and impact. The report details how EY is upholding the UNGC’s 10 principles of labour, human rights, environment and anti-corruption.
Navigating volatility, implementing technological initiatives and securing right talent are the top concerns and priorities of global automotive executives: EY Survey
Geneva, 4 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.
Increase in divestments expected as buyers circle assets
London, 3 March 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.
Indirect tax rates continue to soar across the globe as governments devise new levies
London, 3 March 2015
As VAT rates continue to rise, governments are increasingly turning to new indirect taxation measures to stimulate their economies.
Diversification and global competition drives renewable energy attractiveness
London, 2 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 our latest Renewable energy country attractiveness index.
Global power and utilities deal activity reaches five-year high in 2014
London, 24 February 2015
TGlobal power and utility (P&U) deal value and volume reached four- and five-year highs, respectively, in 2014, according to EY’s quarterly Power Transactions and Trends report released today.
Miners preparing for a switch to longer-term value creation
London, 23 February 2015
Current market conditions are putting mining companies in a quandary – investing for the next stage of growth is potentially unpopular with investors but it could prove to be a masterstroke if they want to fully capture the next uplift in the cycle, says Lee Downham, EY Global Mining & Metals Transactions Leader.
European alternative finance market could top €7b in 2015
Cambridge and London, 23 February 2015
The European online alternative finance market grew by 144% last year to nearly €3b and could top €7b in 2015, according to the first comprehensive pan-European benchmarking of alternative finance produced by the new Centre for Alternative Finance at University of Cambridge Judge Business School and professional services organization EY.
Deal-makers move up the corporate hierarchy with M&A firmly re-established as a route to growth
London, 16 February 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 our Global corporate development study.
Emerging markets show increasing promise for digital earnings potential with China ranked highest among all emerging countries
Los Angeles, 10 February, 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.
Miners leaving cash in the ground with poor working capital
Sydney, 9 February 2015
A new EY report shows that mining companies are missing out on “easy money” because of poor working capital management.
Many governments are legislating now rather than awaiting final OECD BEPS recommendations
London, 5 February 2015
Many countries are pressing ahead and legislating now, rather than waiting for final recommendations from the Organization for Economic Co-operation and Development on its Base Erosion and Profit Shifting1 Project according to our latest report, The outlook for global tax policy in 2015.
Venture capital activity at 13-year high
London, 5 February 2015
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 our recent VC report.
Growth in omni-channel risks diluting consumer products and retail sector profit
London, 3 February 2015
Omni-channel is fast becoming the key driver for consumer products and retail sector growth, but few can make it profitable using the traditional supply chain.
IFRS improves cross-border financial communication – consistency is key
London, 2 February 2015
With debate around the rationale for global accounting standards continuing throughout 2014, there is still concern expressed about the use of International Financial Reporting Standards (IFRS), with some policymakers around the world preferring a less committal form of global accounting standards in which there is more room for countries to set their own standards.
Oil and gas M&A to remain resilient despite 2014 downturn
London, 2 February 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.
CFOs under investor pressure globally to provide better information
London, 2 February 2015
CFOs, operating globally across multiple markets, say it is increasingly harder to satisfy investor demands for information alongside increasing regulatory requirements.
Integration planning helps drive value in financial services M&A
London, 2 February 2015
Financial services organizations are increasingly using pre-signing integration plans to create value out of a deal and appease shareholders, investors and regulators, according to EY's Striking the right chord: M&A integration in financial services.
EY to work with Global Business School Network to promote education in emerging markets
London, 29 January 2015
EY Partner and former EMEIA Tax Leader, Stephan Kuhn, has been appointed board member of the Global Business School Network's (GBSN) Corporate Leadership Council. The two organizations will work together to promote education and workforce development in emerging markets, with particular focus on Africa.
2014 mining and metals deal volume and value lowest in 10 years
London, 28 January 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.
Global hospitality trends point to widespread growth, cross-border M&A and new concepts in 2015
New York, 27 January 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 our Global hospitality insights: Top thoughts for 2015.
Technology transformation drives record dealmaking in 2014, and sets stage for 'robust' 2015
New York, 27 January 2015
According to our Global technology M&A update: October-December 2014, corporate technology dealmakers backed away from big-ticket deals in 4Q14, but, evidence of an underlying strength is helping to drive technology transformation across industries.
Insurance CFOs call for investment in finance function to help business grow through 2020 and beyond
London, 26 January 2015
According to our 2014 Global Insurance CFO Survey, 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.
Key trends that could see M&A scale new heights in 2015
London, 26 January 2015
The resurgence of M&A in 2014 looks set to continue through 2015 as strong fundamentals and the search for growth bring executives to the deal table.
Richard Branson and a prestigious panel of CEOs highlight new global research launched at World Economic Forum by EY and Oxford
Davos, Switzerland, 22 January 2015
Richard Branson, founder of the Virgin Group, led an event at the World Economic Forum today that unveiled initial findings from new research by EY and Saïd Business School, University of Oxford.
European middle market companies optimistic about prospects in 2015
London, 22 January 2015
Europe's medium-sized companies are overwhelmingly positive about the current state of business, and many plan to invest for growth in the coming six months, but sentiment varies strongly across the continent, according to the EY's first European Mid-Market Barometer 2015, a study of 6,000 European companies with annual revenues between €30m and €500m.
Women continue to struggle against long-held and systemic entry barriers into elected office
Davos, Switzerland, 21 January 2015
Women remain significantly underrepresented in politically elected positions across most developed and developing countries, as well as similarly underrepresented in senior ministerial posts, according to a joint study by the World Bank and the Women in Parliaments Global Forum, supported by EY.
EY is named a leader by IDC MarketScape for its banking and capital markets consulting
London, 20 January 2015
EY announces that is has been named a leader for its banking and capital markets consulting offering in this year's IDC MarketScape.
EY named a leader in IDC MarketScape on insurance consulting
London, 20 January 2015
EY announced that its Global Insurance practice has been named a leader in this year's IDC MarketScape: Worldwide Business Consulting Services for the Insurance Industry.
Fourteen Asia-Pacific based women selected to participate in inaugural EY Entrepreneurial Winning WomenTM Asia-Pacific program
Hong Kong, 19 January 2015
EY today announced the 14 women entrepreneurs selected to take part in its inaugural EY Entrepreneurial Winning Women™ (EWW) Asia-Pacific program.
Why wait 80 more years to reach gender parity?
London, 16 January 2015
Our latest report highlights how organizations can create more supportive environments for women to succeed and help companies and economies achieve greater economic returns.
EY expands collaboration with IBM to support clients' adoption of big data, analytics and enterprise solutions
London, 15 January 2015
We're building on our collaboration with IBM to help global clients leverage new advanced analytics and accelerate their adoption of transformational technologies.
Biopharma M&A surges to over US$200b in 2014 as companies seek focus, scale and growth
San Francisco, 12 January 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 kicks off award season by overseeing voting tabulation of the 72nd annual Golden Globe Awards®
Los Angeles, 7 January 2015
All eyes will be on EY as the organization tabulates the results for the ceremony that kicks off the all-important award season in Hollywood. For the 42nd year in a row, EY will oversee the entire voting tabulation process of the Golden Globe Awards® for the Hollywood Foreign Press Association.