archive-com.com » COM » E » EY.COM

Total: 2294

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • News - EY - Mediterranean, Middle East and Gulf region emerges as one of the top destinations for FDI - EY - Global
    Gulf countries 78 for the two sub regions Because of the relative rarity of acquisition targets and untapped potential in the region as a whole M A made up only 35 of total FDI during the period while greenfield investment represented 65 Greenfield investment alone totaled US 85 5b in 2013 more than such investments attracts in China Donato Iacovone EY Mediterranean Managing Partner says If integration and collaboration within the Mediterranean region continues to be encouraged in the next few years we could see a new emerging growth area on the world map The region expects to see positive growth prospects in the near future and investors are taking note Thanks to its untapped markets and its well established resources and stability not only Europe and the US but also China and India are looking at the area as an attractive destination Marc Lhermitte EY s Head of International Location Advisory Services and author of the report says For corporate investors motivation to invest can be strong It already brims with ideas energy and untapped skills And the region will be home to more than 750 million people by 2040 with substantial and growing purchasing power Investors see opportunities today and tomorrow According to the BaroMed 2015 survey of 156 C suite executives from 20 countries interviewed in March 2015 the Mediterranean area is deemed to be more attractive than Europe 51 Asia 52 and Africa 60 When asked to compare it to Europe investors note its faster economic growth and multiple business opportunities driven by demographics and urbanization with spectacular new cities or districts springing up in Gulf states Turkey and North Africa Iacovone says With its central position relative to Europe Asia and Africa large labor markets and vast resources the region offers a great compromise between growth and costs In the near future better infrastructure and improved stability will help draw more industrial and services jobs everywhere Sectors and investments of the future For greenfield investment the region promises opportunities in business services 15 4 digital industries 10 8 and financial services 10 6 the top three greenfield FDI sectors across the region 2009 2013 In terms of acquisition targets telecommunication media and technology 17 3 retail and consumer products 15 4 and energy 11 7 companies drew the most cross border interest over the same period The region is leveraging its central location between Europe Asia and Africa to develop the real estate tourism and retailing sectors to become a global destination and travel hub Some investors are even bringing back operations from Asia in order to better manage their supply chain toward demanding European markets The area is already serving global markets with 18 of the 100 world s busiest seaports and 8 of the world s 30 busiest airports Reforms wanted The report identifies eight FDI growth drivers for the region digital demand entrepreneurship urbanization economic competitiveness industrial diversification renewable energy social development and transparency Despite a general positive outlook many respondents of

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-mediterranean-middle-east-gulf-region-emerges-one-of-top-FDI-destinations (2016-02-10)
    Open archived version from archive


  • News - EY - New wave of mergers and acquisitions expected as deal appetite hits five-year high - EY - Global
    new entrants and companies returning to the deal market after a hiatus Economic confidence soars despite commodity and currency swings Confidence in the global economy is soaring with 83 of executives feeling optimistic up from 53 just six months ago This is providing strong foundations for deal intentions as is continued high confidence in corporate earnings 72 up from 65 12 months ago In addition deal fundamentals are conducive to activity The valuation gap remains stable with 78 of respondents foreseeing no change in the next 12 months Almost three quarters 73 are confident in the availability of credit However 37 of companies view increased global and regional political instability as the biggest risk to their business In addition recent uncertainty associated with volatility in commodities and currencies is cited by more than a third 35 as another significant risk Yet while some consider that a growth risk others see it as an M A opportunity Mrs McCrostie notes The low price of oil and currency fluctuations are viewed as a challenge further elevating the need for cost reduction in the short term for many businesses But this volatility is also driving M A momentum through increased consolidation and executives searching for growth outside their domestic market Developed markets drive cross border transactions Cross border deals look set to be the hallmark of the new wave of deals with 84 of executives targeting investment opportunities beyond their own borders Over half of executives 54 are focusing M A strategies on cross border deals in their immediate region Nearly a third 30 are focused outside their immediate region Only 16 plan deals in their domestic market Companies plan to invest most of their acquisition capital in developed markets for near term growth Interest in the emerging markets is expected to remain muted in the short term with 65 of executives planning to allocate less than 10 of acquisition capital to developing regions According to the Barometer the UK China the US Germany and Australia are the top five destinations of choice for investors In terms of buyers the US South Korea UK France Germany and Japan will be the most prominent acquirers Western Europe will be a particularly attractive M A destination especially from acquirers in Japan China and the US says Mrs McCrostie The European Central Bank s planned injection of 1 1t of liquidity into the region through quantitative easing QE should add to downward pressure on the euro Given recent positive economic data that should make Eurozone based assets attractive New entrants and shifting sector focus as disruption fixes M A sights on innovation In addition to new geographies many executives are thinking of moving into new sectors Almost three quarters 73 of those planning to do deals are looking at innovative investments They are focusing on acquisitions that will help them shift the scope of their business sometimes into a new industry sector Disruption and the blurring of sector lines is seeing many companies anticipate future challenges

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-new-wave-of-m-and-a-expected-as-deal-appetite-hits-five-year-high (2016-02-10)
    Open archived version from archive

  • News - EY announces finalists for the 2015 Entrepreneur Of The Year Award in Saudi Arabia - EY - Global
    Newsroom EY announces finalists for the 2015 Entrepreneur Of The Year Award in Saudi Arabia EY announces finalists for the 2015 Entrepreneur Of The Year Award in Saudi Arabia Riyadh 08 April 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY announced the 11 entrepreneurs representing 10 companies shortlisted as finalists for the Entrepreneur Of The Year EOY award in Saudi Arabia The award honors the business achievements of Saudi entrepreneurs who have spearheaded some of the Kingdom s most successful companies encouraged innovation shaped market trends created jobs and contributed to socio economic advancement This year s finalists comprise a group of noteworthy Saudi entrepreneurs whose achievements have earned them widespread respect and recognition The 11 finalists representing ten companies are Ebrahim Aljassim from Hunger Station Falah Aljarba from DB Security Faris Alturki from Faris breakfast Khalid Alkhudair from Glowork Lateefa AlWaalan from Yatooq Majed Althagafi from Ibtikar Mohammed Suqer and Mohammed Al Bahkali from Five Design Solutions Naif Alasmari from Sugar Sprinkles Rayan AlWabil from Rayz Co Sahar Aldahash from The Learning Zone Waleed AlShubaili Business Development and Entrepreneur Of The Year Leader at EY Riyadh says We give great importance to supporting start ups and rewarding outstanding entrepreneurs The Saudi Entrepreneur Of The Year Award has firmly cemented its standing as a prime platform that recognizes and celebrates brilliant entrepreneurial minds from across Saudi Arabia Every year we share with the world a group of visionary entrepreneurs who serve as inspiring role models that pave the way for the next generation of entrepreneurs to not only grow but to also excel in their businesses I would like to take this opportunity to wish our finalists the best of luck during the upcoming Awards Ceremony as we continue to raise the bar for high impact entrepreneurship locally regionally and globally The judging panel will meet with and assess the finalists prior to selecting the winners for the EOY award The finalists will be judged on the basis of six criteria entrepreneurial spirit financial performance strategic direction innovation community impact and personal integrity influence The winner of the Saudi EOY award will represent the country at the World EOY award ceremony in June 2015 which takes place in Monte Carlo ENDS About EY s Entrepreneur Of The Year EY s Entrepreneur Of The Year is the world s most prestigious business award for entrepreneurs The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision leadership and achievement As the first and only truly global award of its kind EY Entrepreneur Of The Year celebrates those who are building and leading successful growing and dynamic businesses recognizing them through regional national and global awards programs in more than 145 cities in 60 countries EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance tax transaction and advisory services The insights and

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-announces-finalists-for-the-2015-entrepreneur-of-the-year-award-in-saudi-arabia (2016-02-10)
    Open archived version from archive

  • News - EY named a leader by Gartners Magic Quadrant for Business Operations Consulting Services Worldwide - EY - Global
    Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY is named a leader by Gartner s Magic Quadrant for Business Operations Consulting Services Worldwide EY is named a leader by Gartner s Magic Quadrant for Business Operations Consulting Services Worldwide London 2 April 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY announces that it has been named a leader for its business operations consulting BOC in Gartner s Magic Quadrant for Business Operations Consulting Services Worldwide 1 The recognition is for consulting services that support senior business stakeholders COOs chief supply chain officers CSCOs chief procurement officers CPOs and other operational leaders in their efforts to improve their companies operations on a global basis Andrew Caveney EY s Global Supply Chain and Operations Leader says We are honored to be recognized as a leader for our business operations consulting portfolio We take great pride in the results we have delivered for our clients in our supply chain transformation work globally From supply chain strategy and operating model redesign through to cross functional operational excellence implementations Our Supply Chain and Operations practice is a strategic pillar within our Global Advisory business and we continue to invest significantly in its growth around the world Notable developments recently in EY s BOC include the acquisition of The Parthenon Group EY also has continued to expand and enhance its global sector specific Centers of Excellence COE and its My Competencies platform a tool that enables its professionals around the world to articulate and share their skills and experiences in a consistent way Michael Dominy Gartner analyst and report author says BOC services a US 9 8b segment within the US 32 7b business consulting market are dominated by supply chain consulting and represent the largest part of the global business consulting service market Providers must demonstrate strengths in program management change management and governance Gartner has observed consistently strong demand for BOC services over the years accelerated by increasing globalization continued economic volatility digitalization of business and operating models the need to better manage risk and environmental sustainability and emerging analytics that enable better insights EY s supply chain management SCM consulting practice works with companies to help transform their supply chains and operations to deliver both a competitive advantage and superior sustainable financial results The SCM practice is organized around deep industry experience and focuses on bringing industry specific operational insight from strategy through to execution including leveraging the latest SCM analytics and technologies Gartner does not endorse any vendor product or service depicted in its research publications and does not advise technology users to

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-is-named-a-leader-by-gartners-magic-quadrant-for-business-operations-consulting-services-worldwide (2016-02-10)
    Open archived version from archive

  • News - EY - Our index shows power and utilities companies going backward on diversity - EY - Global
    rate of progress it s unlikely the P U sector will ever reach that point Based on today s numbers we need 553 more women appointed to board level positions in order to reach the parity target of 40 says Kay And for every 5 increase in the number of female board executives there must be another 24 women appointed CEO or to similar executive positions Reaching gender parity won t happen unless we take action A clear performance gap The EY index reveals that companies that embrace diversity have an obvious advantage With an average return on equity ROE of 8 5 the global top 20 utilities for gender diversity significantly outperform the lower 20 whose average ROE is just 7 Given the asset heavy nature of this industry a 1 5 ROE difference translates into a profit gap worth millions The case for gender diversity is indisputable having more women on the board clearly links to better business performance says Kay By looking at ROE we can see the impact of diversity on performance management efficiency sales growth and changes in capital costs The bottom line is clear companies that perform better on diversity and have more women in boardroom positions are making millions more in profit Regional variations striking The proportion of women on boards varies markedly by region At 14 Africa tops the list for the highest percentage of female P U board executives double the proportion of the next strongest performing region Europe The US sits in third place with only 5 female P U board executives largely reflecting the typical corporate board structure in the US where the CEO is often the only person to hold a position on the board as well as an operational position in the company In Asia Pacific the percentage of female board executives is 3 and in Latin America that number falls to zero In terms of women on senior management teams SMTs the US and Canada are in the top spot at 18 followed by Latin America and the Caribbean at 17 Europe and Asia Pacific are broadly on par at 11 and 10 respectively Africa and the Middle East have the lowest proportion of women on P U SMTs at 7 Some signs of optimism There are some exceptions to the overall downward trend according to the index The number of women in P U executive board positions has increased from 4 to 5 and the number of women in P U senior leadership teams has risen from 12 to 13 in the last year It s encouraging to see more women in executive positions as these are the roles with influence strategy and profit and loss responsibility says Kay It s just as heartening to see the number of women on senior management teams rise this year These are the kinds of roles that serve as a CEO training ground for women But it s not time to celebrate yet The total percentage of women

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-index-shows-power-and-utilities-companies-going-backward-on-diversity (2016-02-10)
    Open archived version from archive

  • News - EY - US lull slows global IPO activity in first quarter - EY - Global
    soaring This is strengthening investor appetite for new listings as well as encouraging private equity and venture capital funds to seek exits from their investments creating a virtuous cycle of appetite and reward A key engine of this cycle is the financial sponsors who drive a significant proportion of IPO activity In 1Q15 PE and VC backed IPOs represented 17 of deal volume worldwide and 32 of capital raised These figures were even higher in the US and Europe 55 and 37 by number of IPOs and 51 and 54 by proceeds respectively Increased volatility will impact IPO activity Through the remainder of the year IPO activity is set to pick up but will be characterized by regional variation and increasing volatility caused by a variety of external factors from elections to changes in monetary policy according to Pinelli As volatility increases opportunities will remain but conditions may be less predictable she said The level of withdrawals or postponement may rise and companies looking at an IPO will need to be able to move quickly when market windows are open as they might not stay open long Against this backdrop companies will want to keep their options open and run multitrack strategies assessing M A alongside IPO and evaluating multiple potential exchanges to deliver optimal IPO pricing to shareholders We note the rise in popularity of large late stage investment and new infrastructure such as the NYSE backed ACE Portal or NASDAQ s Private Market to support pre IPO companies Such developments show the funding ecosystem is in robust health constantly evolving and as such it s working well for entrepreneurs and investors EMEIA ranks first by capital raised With US 16 8b in proceeds EMEIA ranked first for volume of capital raised ahead of both the US and Asia Pacific and with 67 IPOs was second only to Asia Pacific in terms of number of deals London led the way with a combined total of 17 new listings on London Main Market and AIM together raising US 3 4b By capital raised the Bolsa de Madrid ranked second among exchanges worldwide in 1Q15 driven by the quarter s largest IPO the US 4 8b listing of Spain s state owned airport operator Aena SA Pinelli said In 1Q15 European deals accounted for five of the top ten deals globally Financial sponsor backed IPOs are at a record high featuring in four of the top five European deals There is a robust IPO pipeline and healthy investor appetite across the region driven by supportive monetary conditions including the recently implemented program of quantitative easing healthy investor appetite and high valuations Despite ongoing geopolitical tensions we believe the fundamentals are strong for more EMEIA activity through the remainder of the year US IPO market takes a pause The US saw just 38 IPOs in 1Q15 with proceeds of US 5 6b down from 71 deals which raised US 12 0b in 1Q14 putting it behind Asia Pacific and EMEIA by both

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-us-lull-slows-global-ipo-activity-in-first-quarter (2016-02-10)
    Open archived version from archive

  • News - EY - 2015 will be turning point in Eurozones decade-long lending slump - EY - Global
    we don t see growth in 2015 and 2016 we ll have to conclude there are much more fundamental supply side issues to tackle However the ECB s QE program cannot take the credit for the improved outlook in lending which is much more closely linked to cheap energy prices And QE is a double edged sword this level of economic stimulation is set to have a distinctly mixed effect on financial services Investment banks and asset managers will benefit in the short term but retail banks will find their profit margins squeezed and insurers are facing an extra two years at least of punishingly low interest rates In the longer term the impact of QE is unknown It throws a spotlight on the issue of long term savings and provisions for later life And the broader economic impact of the search for yield post QE remains to be seen the ECB will be watching for developments of any bubbles in alternative assets closely 2015 is the first year that lending will grow across all categories since the crisis 2015 will be the first time lending across all three categories business consumer credit and residential mortgage lending will increase since the financial crisis 2008 Business lending across the Eurozone is to increase by 1 2 or 53b in 2015 carried by growth in Germany 3 5 the Netherlands 2 4 and France 2 But in 2016 the outlook is for much stronger growth 4 3 which reflects the recovery in the periphery as well Business lending in Spain is set to increase by 5 in 2016 the first time Spain will have seen lending growth since 2009 and in Italy by 3 4 the largest growth in that country s business lending since 2011 In 2015 consumer lending is expected to increase by 1 6 a modest recovery following the stagnation or falling consumer credit seen across all main markets in 2014 The recovery is being fuelled by 2 7 growth in both Germany and France Consumer credit in Italy and Spain will not recover until 2016 and in the Netherlands it remains depressed until 2017 Consumer credit in the Eurozone overall will not surpass its 2010 peak of 641b until 2019 Residential mortgage lending is forecast to hit a historic high in 2015 again driven by growth in Germany 4 9 the Netherlands 2 5 and France 2 But by 2016 lending to residential mortgages is to increase by 2 or more across all markets Tom Rogers Senior Economic Adviser to the EOFS comments Increased consumer spending power underpinned by the low oil prices is driving demand for credit The region s banks are now better capitalized following the AQR and therefore better placed to meet the rebound in loan demand However high non performing loans continue to constrain loan growth and undermine bank profitability particularly in Italy Italy is an exception to progress on non performing loans lagging Spain by 18 months Post AQR and with the economic

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-2015-will-be-turning-point-in-eurozones-decade-long-lending-slump (2016-02-10)
    Open archived version from archive

  • News - EY - Low oil prices and supportive policy to drive recovery in Eurozone - EY - Global
    particular the need for fiscal restraint and the dampening effect on wage growth of high but gradually falling unemployment These factors will mean growth should remain around 1 6 a year in 2017 19 Meanwhile the crisis in Ukraine and difficult negotiations over Greek debt will continue to present a risk to economic and financial stability for some time The gradual improvement of the Eurozone economy with consumers regaining confidence and the labor market continuing to gradually recover will be supported in 2015 by lower oil prices which are expected to average US 55 a barrel compared with about US 100 a barrel in 2014 we expect this to add 1 to 1 5 to real consumer incomes in the Eurozone in 2015 Overall the EEF estimates real household income will grow by 2 5 this year enabling consumer spending growth to rise from 0 9 in 2014 to 1 6 this year But as the degree of spare labor continues to hold back wage growth for some years consumer spending growth is expected to remain steady around 1 5 from 2016 onwards Tom Rogers Senior Economic Adviser to the EY Eurozone Forecast says Consumer spending growth is expected to be the strongest this year since 2007 Households should see a 10 to 15 reduction in their fuel bills Since energy and fuels account for around 10 of the Eurozone consumer basket real incomes should increase by 2 5 from 2014 Nevertheless governments should continue to work on labor market reforms to tackle near record levels of unemployment which stopped rising in 2014 and expand employment opportunities to groups such as the young unemployed and those with lower skill levels Mark Otty EY s Area Managing Partner for Europe Middle East India and Africa says Households are clearly responding to the improved labor market environment and energy related windfall This stronger demand will present a number of growth opportunities across a range of consumer facing sectors but at the same time a depreciating euro means there might be a rotation toward domestically produced consumer goods Firms need to be able to understand how the balance of these factors impact in their particular marketplace Deflation fears provoke European Central Bank ECB action aiding exporters The downside to lower oil prices has been a further slide in headline inflation from an already tepid 0 4 in October to 0 6 in January and the intensification of fears about a prolonged spell of falling prices in the Eurozone The ECB s subsequent plans for a major increase in the size and change in the scope of its asset purchases should substantially aid the recovery in the next couple of years Through both the real economy and exchange rate impacts inflation in the Eurozone is expected to pick up from 0 2 in 2015 to 1 1 in 2016 and then to 1 7 by 2019 All other things being equal this should weaken the euro from US 1 14 on average in February

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-low-oil-prices-and-supportive-policy-to-drive-recover-in-eurozone (2016-02-10)
    Open archived version from archive



  •