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  • News EY - Global hospitality trends point to widespread growth cross border mergers and acquisitions and new concepts in 2015 - EY - Global
    effectively implement and invest in their tourism strategy to differentiate themselves Both business and leisure travel have steadily improved in recent years rebounding from the global slowdown immediately following the 2008 2009 financial collapse The infusion of fresh cross border capital and innovation in both properties and concepts will be the key drivers of growth in 2015 Michael Fishbin EY s Global Hospitality Leisure Leader says We expect the hospitality industry to experience significant growth development and brand expansion in the coming year Despite some significant headwinds such as geopolitical instability new health concerns and inconsistent economic growth the global industry is thriving and optimism prevails A wave of new hotels will open in 2015 and new ownership of attractive existing properties will continue as well Overall the industry now has a robust pipeline of approximately 1 3 million new guestrooms in place While the global hospitality industry has largely been dominated by a few key cities or destinations considered most desirable for global travel e g New York Paris and London global travellers have started to head to new destinations This has led investors to identify numerous opportunities in secondary markets reflecting a broader search for higher yield investments Cameron Cartmell EY s Hospitality Leisure Leader for Europe the Middle East India and Africa EMEIA says When we look at the industry globally we are seeing expansion across the board both in traditional areas of high demand and now in many secondary markets From Europe and the Middle East to the Americas and Africa we expect to see impressive pockets of new growth and development in 2015 As far as growth in the United States is concerned cross border investment rose about 137 from 2013 to 2014 with foreign buyers continuing to look beyond traditional gateway markets to secondary markets such as Phoenix Atlanta Houston and Orlando This trend is estimated to continue in 2015 as many foreign investors from a number of countries including Canada China Malaysia Japan Singapore and the Middle East have chosen to deploy a large amount of capital in US hotels M A trending higher In recent years merger and acquisition M A activity in the hospitality sector has resulted in solid year on year growth Global hospitality and leisure transactions increased 8 year on year through to Q3 2014 In the future M A activity will be driven by a desire for incremental growth among the businesses involved the strategic merit of transactions and the availability of debt and equity on favorable terms The higher volume of global capital chasing real estate opportunities will also be a net positive for deal making Cross border capital is increasingly dominating the M A picture accounting for 41 2 of global hotel investments between January 2014 and October 2014 compared to 34 7 in 2013 Asian investors primarily dominated by China Hong Kong Japan and Singapore represented 43 2 of these transactions and the flow of money from Asia into North America Europe and Australia is

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-global-hospitality-trends-point-to-widespread-growth-cross-border-mergers-and-acquisitions-and-new-concepts-in-2015 (2016-02-10)
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  • EY news – technology transformation drives record dealmaking in 2014 sets stage for robust 2015 - EY - Global
    entire industries or have the potential to do so continue to drive technology M A Advertising and marketing security and internet of things IoT aggregate deal values jumped in Q4 According to EY s Global technology M A update October December 2014 corporate technology dealmakers backed away from big ticket deals in 4Q14 but nonetheless full year 2014 set M A volume and value records that were surpassed only in 2000 at the height of the dotcom bubble The report also finds continuing evidence of an underlying strength in global technology M A that is helping to drive technology transformation across industries According to the report mid sized deals ranging from US 100m up to US 1b remained strong and deal volume in this category set another new post dotcom bubble record The report also finds that if equity market volatility calms the market could see a rapid return of big transformative deals Jeff Liu Global Technology Industry Transaction Advisory Services Leader at EY says Globally technology corporate development teams took a breather in 4Q14 But I don t doubt for a minute they ll be back with transformative deals soon Technology companies will continue using M A to keep up with the astonishing pace of change as they seek to re orient their own operations around new marketplace realities realize the full value of hidden gems inside their organizations bring needed security solutions to market and stay out of the crosshairs of innovative upstarts Report highlights 4Q14 aggregate value of disclosed value deals was US 44 9b down 39 from a record setting third quarter But the 2014 annual total was US 237 6b higher than any year on record except 2000 At 959 deals 4Q14 volume set a fourth consecutive post dotcom bubble quarterly record Full year 2014 posted 3 512 deals beating 3 345 in 2007 to achieve the highest volume of any year except 2000 Advertising and marketing security and internet of things IoT aggregate deal values jumped in fact the 4Q14 totals for the first two were more than their year to date YTD totals through 3Q14 Private equity PE and non technology buyers both also increased aggregate value together they accounted for 48 of total 4Q14 value compared with 22 YTD through 3Q14 PE buyers appeared to target companies struggling with mobile social cloud transitions companies we call in the crosshairs Cross border CB aggregate deal value declined 38 from a record setting 3Q14 but remained strong with a 45 share of total quarterly value Looking ahead robust dealmaking expected 2014 was a blockbuster year for technology M A But unlike 2000 it was not a bubble Despite the occasional moonshot from a handful of deep pocketed buyers the vast majority of deals were measured in reality based multiples of good old fashioned revenue profit or cash flow According to EY while 2015 may not hit the same lofty highs as 2014 the firm expects another robust year of technology M A in response

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-technology-transformation-drives-record-dealmaking-in-2014-sets-stage-for-robust-2015 (2016-02-10)
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  • News - EY - Insurance cfos call for investment in finance function to help business grow through 2020 and beyond - EY - Global
    more right sourcing to manage the cost of finance through shared service centers outsourcing or off shore centers While CFOs are aiming to place greater focus on data management and analytics capabilities to help insurers grow through 2020 and beyond they must balance this with meeting new regulatory reporting requirements and managing the relative cost of finance according to EY s 2014 Global Insurance CFO Survey Among senior executives at global insurers 66 said achieving growth expanding into new markets or expanding through M A activity was one of the top three priorities for their business for the foreseeable future At the same time 54 said managing costs and improving profit was among the top three priorities and 51 said responding to regulatory change was a top concern David Foster EY EMEIA Finance Change Leader says The insurance industry has shifted toward growth even while the market has remained soft and highly competitive To meet new competitive pressures and regulatory challenges over the next decade CFOs increasingly will be called upon to become better business partners and provide more strategic insight and advice using efficient reporting enhanced analytics and the right people and processes in the right locations to help their organizations grow and succeed For them to become better business partners and deliver more value all CFOs said investments must be made in the finance and actuarial departments including improving data management and analytical capabilities and enhancing their teams to advance decision support and performance management capabilities Data and technology require the most improvement Two thirds of respondents ranked data and technology issues among the top three challenges facing finance and actuarial departments with 21 saying the quality of their data was the top obstacle to success Technology infrastructure was ranked as the top challenge by 27 of respondents with inadequacies often resulting from a lack of investment in recent years and multiple legacy systems due to historic acquisitions Current reporting processes among global insurers are typically inflexible and time consuming with significant manual intervention required On average 64 of finance and actuarial resources are spent on transactional and reporting processes compared to an average of only 20 spent on activities related to decision support With 35 of respondents saying that meeting new regulatory and reporting requirements is their top priority a number that was even greater in EMEIA 73 where insurers typically must achieve faster reporting for Solvency II compliance insurers are seeking to significantly improve the quality of their data and the efficiency of their underlying processes by 2020 Sandy Sposato Principal Financial Services Advisory at Ernst Young LLP US says Issues around the quality of data have been and continue to be an area of focus for insurers With new regulatory reporting requirements impacting a number of organizations accurate reliable data is even more important CFOs recognize this is an issue and are focusing their spend in this area as well as improving the overall infrastructure to support the business for the future Change programs are

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-insurance-cfos-call-for-investment-in-finance-function-to-help-business-grow-through-2020-and-beyond (2016-02-10)
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  • News EY - Trends that could see mergers and acquisitions scale new heights in 2015 - EY - Global
    be the sequel to 2014 s megadeals The M A story 2014 was the return of the megadeal with 32 US 10b announced underpinning a year of soaring M A value globally The total value of M A in 2014 was US 3 2t up 30 on 2013 It was the fourth highest year on record behind 2007 US 4 1t 2006 US 3 5t and only US 40b behind the dotcom boom fuelled deal environment of 2000 Pip McCrostie EY s Global Vice Chair Transaction Advisory Services says The search for top line growth will influence deal making in 2015 Megadeals will continue to hit the headlines as executives hunt for growth A focus on the core should see the mid sized deal return to lift M A volumes While M A value globally in 2014 hit highs not seen since before the financial crisis deal volumes though growing at 6 4 remained relatively low The deal volume was down on 2010 2012 levels and well below 2006 highs McCrostie says The appetite of executives to acquire in 2015 is at its highest for three years and pipelines are swelling with mid market sized deals More companies are focusing on mid market assets acquiring in or adjacent to their core sectors boosting market share managing costs and improving margin The global economy challenge or opportunity Much like 2014 low or slow growth and ongoing uncertainty in the Eurozone continues to hold challenges for some dealmakers Others will see this as an opportunity The divergent economic performance expected in 2015 with the US and UK outpacing the Eurozone China s growth moderating and India and Japan at a crossroads will provide further stimulus for M A activity McCrostie says We should see increasing cross border deal making between the US and Europe and a strong flow of outbound acquisitions from China and Japan As a result we expect activity across an even wider range of sectors in 2015 Portfolio pipelines and private equity Deal pipelines swelled during 2014 pointing to more activity in 2015 McCrostie says Companies are now focusing more regularly and more rigorously on optimizing their portfolios In a low growth environment this is a critical route to growth creating buy sell churn as they reevaluate their core business and assets Private equity is set to be bigger a player in and among the asset churn There was a strong pick up in PE activity in 2014 particularly in the mid market with deals such as Carlyle Dealogic fuelled by strong financing PE deal activity in terms of value overall was up 27 in 2014 and an astonishing 68 in terms of volume in the US 1b to US 5b deal range Spin to win The increased spin off activity seen in the US in 2014 as a result of ongoing portfolio optimization will continue to be strong The trend is also traveling to Europe as companies become even more focused on how their assets align to their

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-trends-that-could-see-mergers-and-acquisitions-scale-new-heights-in-2015 (2016-02-10)
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  • News - Richard Branson and a prestigious panel of CEOs highlight new global research launched at World Economic Forum by EY and Oxford - EY - Global
    relevant literature and assembled case studies from global firms as well as interviews with senior executives across industries and geographies worldwide Some of the findings include Corporate leaders see the organization s role evolving to address global challenges taking an active role in creating well being and value for and with a wider set of stakeholders Leading executives are talking about purpose more and in different ways articulating a broader purpose that is their reason for being grounded in an outward facing declaration around their role in the global community Leading executives are speaking a language of purpose that engages employees and customers in new ways inviting their insights for innovation Leading executives are initiating purpose led transformation journeys in their organizations spanning from the brand identity through the business model across business units and functions Business professionals recognize the importance of an integrated humane purpose driving core functions like strategy business models and talent management but they acknowledge there is a gap between this recognition and the policy and practice in their organizations Cheryl Grise EY s Global Advisory Strategy Leader says Purpose and meaning have an important role as a strategic transformational element in business today We are proud to reveal phase 1 of our research with the Saïd Business School University of Oxford at the World Economic Forum among such distinguished business leaders We find in our work with clients and in our thought leadership that purpose led transformation enhances organizational agility and does so in a way that increases innovation and drives sustainable growth for businesses Andrew White Associate Dean of Executive Education at Saïd Business School says We have noticed from a number of conversations with CEOs and senior leaders that defining and implementing purpose is becoming increasingly important to them As companies acknowledge a broader set of stakeholders to whom they are accountable ignoring this is not just an ethical issue but one that has a deep impact on innovation and growth The event also featured the official launch of the EY Beacon Institute which will be dedicated to transforming business through the science of purpose Leading the co development of the institute with members will be Valerie Keller EY s Strategy Executive Director Additionally there was a private unveiling of EY global research with Harvard Business Review HBR Analytic Services The research features a survey of 474 business executives and was conducted among the readers of HBR and EY clients It will be fully available in later in 2015 Four top line insights shared at the meeting included Corporate purpose goes beyond financial results 87 believe companies perform best over time if their purpose goes beyond profit Purpose driven organizations are believed to have better results across a variety of measures 89 say they encourage greater employee satisfaction 85 better customer advocacy and 81 higher quality products and services Purpose is viewed as a driver of innovation and transformation 84 believe their transformation efforts will be more successful if integrated with purpose Purpose

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-richard-branson-and-a-prestigious-panel-of-ceos-highlight-new-global-research (2016-02-10)
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  • News - EY - European middle market companies optimistic about prospects in 2015 - EY - Global
    most optimistic about the economic climate in both their country and in Europe over the next six months Germany has a domestic optimism level of only 17 with 33 of German companies predicting deterioration in its home economy Likewise only 18 of German middle market companies are optimistic about a European recovery in the next six months with 41 predicting deterioration Greece is the most pessimistic on both counts with 47 and 46 expecting deterioration locally and in Europe respectively One reason for the pessimism appears to be the ongoing crisis in Ukraine with one in five 21 indicating that their business has felt the effects of tensions in the area with the manufacturing sector the most deeply affected 25 Countries that are more affected than average include Turkey 40 Greece 34 Russia 33 and Germany 26 Peter Englisch EY s Global and EMEIA Family Business Leader says Despite overall optimism there are divergent views across the continent Encouragingly middle market companies in countries that were hit hard by the financial crisis in 2008 are now rebounding strongly especially in places where sometimes painful economic reforms were enacted such as Spain Ireland and the UK However Greek companies still seem to be deeply affected by their country s continued problems The survey clearly shows that there is a high degree of pessimism and concern for the future in Germany and other German speaking countries This is down to a number of factors some of them cyclical Key to this negativity seems to be the uncertainly caused by the ongoing conflict in Ukraine Germany Austria and Switzerland are impacted more than other large economies due to geographic proximity and fears over future supply of raw materials especially oil and gas and the impact this will have on energy prices The investment picture is largely one of stability with 64 of middle market companies planning to keep the same level of investment in the next six months while 29 plan to increase and 7 to reduce investment in this period Turkey leads on investment intentions 50 plan to increase investment with Switzerland 12 Austria 11 Greece Germany and Russia 10 the most likely to reduce investment One impediment to growth identified in the survey is a shortage of skilled labor Thirty one percent of companies agree that it will affect turnover to some extent with Austria 59 Switzerland 55 Greece 55 and Germany 51 the most affected by a skills shortage The UK 25 Ireland 13 Sweden 19 Finland 10 Denmark 5 and Norway 4 are among the least affected When it comes to views on how government can help middle market companies in Europe are largely in favor of public investment to promote growth 63 and less keen on budget consolidation and debt reduction 37 Ireland 81 Greece 80 and Norway 79 were most supportive of public spending policies while Germany 56 Luxembourg 59 and Switzerland 61 are the biggest proponents of austerity In addition 69 of middle market companies rank

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-european-middle-market-companies-optimistic-about-prospects-in-2015 (2016-02-10)
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  • News - EY - Women continue to struggle against long held and systemic entry barriers into elected office - EY - Global
    to learn about the barriers that women face on the road to a career in politics In collaboration with academic partners from leading research universities this study represents a major advance in global knowledge on this critical front The data distilled in this report casts an important light on the nature of the constraints women continue to face globally to enter the male dominated world of politics Uschi Schreiber EY s Global Vice Chair for Markets says The lack of female representation in our national legislatures and in ministerial positions matters as much as in the corporate boardroom Research supports the view that the presence of women in public life including on the political stage makes a real difference Women are more likely to act in a bipartisan manner and are more likely to surface new ideas and bring new issues to the policy table Increasing diversity in our parliaments can have a positive impact on government transparency and result in policy outcomes more inclusive of the whole population Silvana Koch Mehrin Founder Women in Parliaments Global Forum says Formal barriers to women participation in politics are nowadays almost non existent around the world However a glass ceiling remains The results of this first study tell the same old story Family commitments still constitute a major source of concern for women Moreover women and men also have systematically different levels and types of networks of political support Despite recent progress the glass ceiling remains There might be some cracks but it still needs to be shattered Key findings of the study by Frances Rosenbluth Yale University Joshua Kalla UC Berkeley and Dawn Teele The London School of Economics include Reflecting continuing effects of family roles female politicians tend to start their careers later have fewer children spend more time caring for their families and arrange their lives to have shorter commuting times than their male counterparts It appears that only females with supportive families run for office whereas men are more likely to run for office in spite of discouragement from their families Female and male politicians have systematically different levels and types of political support networks Female politicians receive fewer private donations on average than their male counterparts and rely relatively more on party sponsorship and support Media portrayal and voter perceptions of the woman s place seem to cast a longer shadow over female politicians decisions about whether or not to run for office and their decisions to pursue higher office While both men and women express concern about the many pitfalls of political campaigning females are more worried overall particularly about gender discrimination the difficulty of fundraising negative advertising the loss of privacy and not being taken seriously Considerably more men hold ministerial positions in their sites whereas women seem to settle for lesser levels of advancement The report underscores an emerging global consensus around the importance of gender equality in all spheres of life including political representation and leadership in business The failure of national legislatures

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-women-continue-to-struggle-against-long-held-and-systemic-entry-barriers-into-elected-office (2016-02-10)
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  • News - EY is named a leader by IDC MarketScape forbanking and capital markets consulting - EY - Global
    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 IDC MarketScape for its banking and capital markets consulting EY is named a leader by IDC MarketScape for its banking and capital markets consulting London 20 january 2015 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY announces today that is has been named a leader for its banking and capital markets consulting offering The positioning is revealed in two IDC reports IDC MarketScape Worldwide Business Consulting Services for the Capital Markets Industry 2015 Vendor Assessment 253549 1 and IDC Marketscape Worldwide Business Consulting Services for the Banking Industry 2015 Vendor Assessment FI253532 2 In both reports EY is seen as the most capable of all firms at transferring knowledge to its clients The report specifically highlights EY s ability to deliver value creating innovation challenge corporate culture and support business change Cushing Anderson Vice President Business Consulting Services IDC says When on a client engagement EY teams are considered among the strongest in building and maintaining deep client relationships Additionally the organization is viewed as better than many at directly improving a client s overall commercial performance and at helping them drive innovation John Weisel EY s Global Financial Services Advisory Leader says We are delighted to be named a leader in both the Banking and Capital Markets IDC MarketScape reports and to be recognized by our clients for providing knowledge transfer for our ability to drive innovation through our client organizations and for delivering business change EY strives to support its clients in financial services so that they can become more competitive and it is great to have this acknowledgement as we continue to deliver exceptional client service Dan Higgins EY s EMEIA Financial Services IT Advisory Lead says We are really pleased with the outcome of the IDC reports which reinforce that EY is among the strongest firms at meeting project timelines leveraging its staff effectively and at integrating appropriate analytics into projects The reports call out our ability to directly improve overall commercial performance for our clients as well as helping our clients comply with regulatory guidelines EY s Banking and Capital Markets advisory sits within EY s largest sector the Financial Services Office FSO By connecting teams around the globe Banking and Capital Markets advisory offers integrated services focused on operations and finance management people and organizational change risk management and compliance and technology including digital innovation and transformation Backed by in depth industry knowledge and hands on experience EY s Banking and Capital Markets advisory has a dedicated multidisciplinary team of more than 9 500 professionals with diverse backgrounds that allow them to guide clients in defining and executing innovative new strategies and operational improvement Ends About EY EY is a global leader in assurance tax transaction

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-is-named-a-leader-by-idc-marketscape-for-banking-and-capital-markets-consulting (2016-02-10)
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