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  • News - EY - Global IPOs outperform main indices in good, not epic, year - EY - Global
    of total US deal volume Other significant destinations for foreign listings were London with 22 of deals Australia 9 Singapore 4 Germany 2 and Hong Kong 1 Although the US was the top destination in terms of deal numbers mainland Chinese exchanges were dominant in terms of pricing and performance Year to date returns averaged 133 over 2014 dwarfing performance in Hong Kong 4 the UK Main Market 0 3 and US 27 8 Pinelli says The US has long been a magnet for foreign capital as it offers a well developed market infrastructure a knowledgeable analyst community and a deep pool of investors ready to pay for growth However companies may find it hard to overlook the price performance of companies listing on Asia Pacific exchanges which have typically seen such solid after market performance that this is attracting an inflow of foreign capital and leading to an abundance of liquidity It is possible these exchanges will mount a growing challenge in 2015 and beyond Strong cross sector performance Companies from a broad spread of industries continue to come to market no sector individually accounts for more than 16 of IPOs globally The top three in terms of deal number were health care 193 IPOs 16 of global total followed by technology 167 IPOs 14 and industrials 142 IPOs 12 In terms of capital raised technology was the leading sector raising a total of US 50 2b driven by proceeds from Alibaba s record US 25b listing Other strong performers were financials and energy which raised US 39 9b and US 30 2b respectively Pinelli says Taking the IPO route is a proven strategy for companies across a wide variety of sectors Although some markets have a particularly strong affiliation for particular sectors the key to unlocking value is for companies to come to market with a compelling value proposition that demonstrates how an IPO will help accelerate growth US leads by value Asia Pacific by volume The US led IPO activity in terms of capital raised in 2014 where a total of 288 IPO listings raised US 95 2b This is the highest number of US deals since 2004 and the highest level of capital raised in the last 15 years The NASDAQ was the world s busiest exchange by number of IPOs accounting for 14 of the global total while New York Stock Exchange led by capital raised with 29 of global capital even excluding the impact of the Alibaba deal Asia Pacific led on deal volume with 546 IPOs raising US 81 4 in 2014 due to a rejuvenated market in Japan record levels of activity in Australia and New Zealand and a steady flow of listings across China and South East Asia With 353 IPOs raising US 74 9b EMEIA ranked second by number of deals and third by proceeds worldwide Expectations for 2015 With the IMF downgrading its global economic growth estimates and market volatility expected to return we anticipate that 2015 may present

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-global-ipos-outperform-main-indices-in-good-not-epic-year (2016-02-10)
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  • EY – announces the appointment of Kristina Rogers to Consumer Products Global Leader - 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 announces the appointment of Kristina Rogers to Consumer Products Global Leader EY announces the appointment of Kristina Rogers to Consumer Products Global Leader London 9 December 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY announces the appointment of Kristina Rogers to Consumer Products CP Global Leader succeeding Mark Beischel Canadian born Rogers has been CP Global Emerging Markets Leader since early 2013 and is based in Turkey Prior to her positions at EY the Harvard Business School alumnus was in post as Senior Partner at Monitor Group a global strategy consulting firm co leading their Middle East Management Team from 2008 to 2011 Kristina begins her new leadership role at a time when the CP and retail sector is increasingly volatile Despite global market recovery the sector is struggling for growth Amid ongoing consumer fragility rising market complexity and increasing pace of change many companies are finding it easier to improve profits by relentlessly cutting costs rather than growing sales 1 With emerging markets forecast to contribute 70 of the world s growth over the coming years 2 and as the evolution a new middle class in the emerging world is set to boost purchasing power 3 Rogers appointment is particularly timely given her previous role as CP Global Emerging Markets Leader Rogers says The number one opportunity for growth in the consumer products sector today is the surge of a new middle class in the emerging world and the huge influx of business that it will create But with intense competition and the complexity of doing business in these regions there are great barriers to profitable growth Flexibility and making tough choices around strategic areas of focus as well as efficiency will be key to success Rogers who will head up a team of industry focused assurance tax transaction and advisory professionals takes her new post at a time when companies need to be more innovative than ever in the way they approach growth Rogers says Successful companies will be those that can disrupt their traditional approaches and markets and find new paths to growth in both mature and emerging markets To sustain profitable growth companies must become more agile and balance a disciplined focus on costs with increased efforts to drive volumes Rogers is an ambassador for EY s global approach having lived and worked in more than 20 countries She also remains actively engaged in client services and continues to work as a senior advisory leader with several clients Ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over We develop outstanding leaders who team to deliver on our promises to all of our stakeholders

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-announces-the-appointment-of-kristina-rogers-to-consumer-products-global-leader (2016-02-10)
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  • News - EY - creative and cultural industries play key role in European recovery - EY - Global
    the third biggest European employer with more than 7 million jobs a major player in the EU economy Creative and cultural industries are undeniably part of the solution to the economic crisis that has had the European continent in its grip for years according to the new EY study Creating Growth Measuring Cultural and Creative Markets in the EU This analysis commissioned by European Grouping of Societies of Authors and Composers GESAC and backed by 18 corporate partners and supportive organizations reveals the determining input of CCIs in the European economy With an annual revenue of 535 9 billion and more than 7 million employees of which 19 1 are people under the age of 30 culture and creation places itself in the top three employers in Europe just behind construction and food and beverage service activities CCIs provide work for 2 5 times more people than automotive manufacturers and the visual arts alone employ more people than the telecommunications industry Eleven cultural markets were analysed books newspapers and magazines music performing arts television film radio games and video games visual arts architecture and advertising This is the first study of its kind examining Europe s CCIs in detail over such a large scope Digital presence CCIs are well established at the heart of the digital economy By being a source of innovation and creativity they overcame the challenges of new media and increased cross media use CCIs are well established at the heart of the digital economy By being a source of innovation and creativity they overcame the challenges of new media and increased cross media use For recorded music the rise of digital meant an increase in sales of 109 between 2009 and 2013 for books the development of new services such as e books it meant a 12 yearly increase in online revenues for advertising the use of 3D printing for architecture and for the press success stories like the weekly newsmagazine Der Spiegel and its 5 6m monthly unique visitors on the web edition For recorded music the rise of digital meant an increase in sales of 109 between 2009 and 2013 for books the development of new services such as e books it meant a 12 yearly increase in online revenues for advertising the use of 3D printing for architecture and for the press success stories like the weekly newsmagazine Der Spiegel and its 5 6m monthly unique visitors on the web edition International leaders The EU can is home to a number of international leaders in CCI like Egmont Grupo Planeta La Scala RTL Group Nordisk Film Deezer Rovio Entertainment Dorotheum the BBC World Service Publicis and Sweco In fact seven of the world s ten biggest publishers in terms of revenues are European as are five out of the ten main music festivals worldwide The same is true of the world leader in the music industry two out of the three leading companies in advertising These success stories are a reflection of their

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-creative-and-cultural-industries-play-key-role-in-european-recovery (2016-02-10)
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  • News - EY - Worldwide oil and gas reserves rise while profits fall - EY - Global
    over 2012 The US Africa and the Middle East were the only regions to see a decline in total property acquisition costs in 2013 Dale Nijoka EY s Global Oil Gas Leader says Continued strong upstream capital investment demonstrates the industry s confidence in long term opportunities However in light of current price volatility we expect to see significant pressure to lower rising production costs as well as additional investment in technologies and techniques that increase efficiencies and drive costs down Capital expenditures Total worldwide capital expenditures for the companies in the study were US 678 9b in 2013 Exploration spending rose 5 higher to US 87 9b in 2013 compared to US 83 4b in 2012 with the increased spending in Brazil led by Petrobras contributing significantly to the total Meanwhile development expenditures grew 8 in 2013 to reach US 411 2b On a regional basis Asia Pacific saw the largest increase with development spending increasing by 15 US 15 2b Combined exploration and development spending by integrated companies increased by 12 compared to a 5 increase by the large independent companies Combined spending by independent companies decreased by 14 in 2013 as depressed natural gas prices in the US and Canada have taken a toll on their cash flows and spending ability Revenues and profits Worldwide after tax profits declined 4 from US 270 3b in 2012 to US 258 7b in 2013 Only the US and Canada saw increases in after tax profits Production costs increased 7 to US 389b in 2013 primarily due to increased lease operating expenses 9 increase and production taxes 4 increase Depreciation depletion and amortization charges rose marginally to US 249 8b from US 248 2b in 2012 Depressed natural gas prices in the US did have some impact as several large oil and gas companies recorded impairments greater than US 1b in 2013 Mr Nijoka adds Production increases coupled with softening demand put pressure on pricing As a result 2013 production growth resulted in only a slight increase in global revenue which was offset by rising costs creating a worldwide fall in after tax profits Oil reserves Strong acquisition activity in 2013 led worldwide end of year oil reserves for the study companies to increase by 11 to 168 6b barrels The largest oil reserves growth was recorded in Asia Pacific and was attributed to Rosneft s purchases of reserves from companies that are not included in the study Oil reserves also notably increased in the US and Canada Worldwide oil production showed strong growth rising by 6 to 12 3b barrels in 2013 and again Asia Pacific led the pack recording a 17 increase The US followed with a 12 gain in oil production The oil production replacement rate dipped to 115 excluding purchases and sales in 2013 compared to the five year study period high of 149 seen in 2012 Gas reserves Worldwide end of year gas reserves increased by 3 to 643 6 trillion cubic feet Not surprisingly

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-worldwide-oil-and-gas-reserves-rise-while-profits-fall (2016-02-10)
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  • News - EY - Soaring growth appetite boosts deal value to six-year high in consumer products sector - EY - Global
    their workforce 50 of respondents They also indicate a greater willingness to take on debt to finance M A with a 10 increase compared to six months prior The CP sector has already witnessed more megadeals in 2014 compared to the whole of 2013 However companies indicate that they are more likely to undertake strategic small size deals of less than US 500m over the next year 52 Only 5 expect to report a deal size greater than US 500m M A pipeline reflects cautious growth The M A pipeline is the clearest indicator of future activity While other sectors witness a shift toward a larger pipeline CP companies are being more calculated by evaluating select deals Twenty eight percent of CP companies with deals in the pipeline have more than three in the offing 28 which falls short of the average in other sectors 31 This vigilance is reflected by CP companies focus on cost reduction and operational efficiency as a key priority more than one third of respondents However expanding pipelines point toward an uptick in potential M A momentum in the mid term 28 to 66 Focus remains in developed countries but favorable outlook in emerging markets CP companies are more likely to increase M A investments in mature markets than those in other sectors with 8 of the 10 largest acquisitions in 2Q involving a target company in the developed world Notably the UK and US are cited as top destinations for investment Underdeveloped infrastructure is perceived as the biggest barrier to CP investment in emerging markets 33 Conversely the risk of slower growth in emerging markets has fallen by more than half over the last six months dropping from 26 to 12 China India and Brazil remain the top three emerging markets slated to garner significant capital allocation Gregory J Stemler EY s Global Consumer Products Transaction Advisory Services Leader says With a more favorable economic environment M A opportunities are firmly back on the radar for CP companies While companies are treading carefully focusing on strategic acquisitions and operational efficiency there is promise of greater deal activity in all markets and clear signs that M A pipelines are set to increase Surge in deal value matches rising confidence according to EY s Consumer Products Deals Quarterly Renewed appetite for growth is evidenced by EY s latest Consumer Products Deals Quarterly CPDQ which reflects a steep rise in deal value through 3Q US 53b just short of 2Q deal value which amassed the highest quarterly total since 2008 US 57b CPDQ which is based on EY s analysis of Thomson Reuters acquisitions data from 4Q11 to 3Q14 reports that deal value has already outpaced 2013 s total output by 75 With twice the number of megadeals announced comparative to those completed in 2013 the sector is entering a transformative phase Other key CPDQ findings include Sharp downturn in household and personal care transactions from 31 2Q to just 17 3Q Portfolio optimization underpinned the largest

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-soaring-growth-appetite-boosts-deal-value (2016-02-10)
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  • News - EY launches new program to support high-potential entrepreneurs - EY - Global
    potential entrepreneurs EY launches new program to support high potential entrepreneurs London 20 November 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY has launched Accelerating Entrepreneurs a program to give six high potential entrepreneurs from around the world support to scale up their business by receiving expert one to one guidance networking and insight sharing opportunities at EY s World Entrepreneur Of The Year event in Monte Carlo between 3 7 June 2015 Previously called Ready Set Grow this year s program has been renamed and remodeled with winners receiving a comprehensive program of advice support and mentorship including A 90 minute session at EY World Entrepreneur Of The Year where participants will present their business plans to a panel of Growth Coaches who will provide feedback and direction The opportunity to form ongoing mentoring relationships with Growth Coaches and EY Entrepreneur Of The Year country winners The opportunity to attend EY World Entrepreneur Of The Year all expenses paid to meet and network with leading entrepreneurs from over 60 countries who will gather in Monte Carlo An EY Vantage Advisor seconded to their business for six weeks to help address their biggest obstacles and create long term business goals for growth Participants will be chosen by an independent panel based on the company s growth opportunity entrepreneurial spirit and leadership financial performance strategic direction innovative thinking and originality and people philosophy Bryan Pearce Global Leader EY Entrepreneur Of The Year and Venture Capital says The EY World Entrepreneur Of The Year event brings together some of the world s finest and most accomplished entrepreneurs many of whom have grown to become global market leaders Accelerating Entrepreneurs is a chance for tomorrow s market leaders to learn from these people with hands on advice at the event and year long mentorship to help them on the next stage of their growth journey As enterprises scale up they have a huge impact on their communities and the wider world through the jobs they create and the innovative products and services they offer That s why it s so important we support them at this critical stage of their journey by opening up our network to them To apply for the Accelerating Entrepreneurs program applicants must be an owner founder CEO of a private company and be primarily responsible for its recent performance the company must be at least two years old and have reported US 30m or less in sales for each of the past two fiscal years Applications are now open Apply at www ey com scaleup before 1 March 2015 The Accelerating Entrepreneurs Growth Coaches for 2015 are Diane Foreman Chairman and CEO of New Zealand s Emerald Group Branko Milutinović CEO of leading gaming company Nordeus Alfred Schopf CEO of luxury camera manufacturer Leica Camera Ariel Pfeffer Co founder of Latin America s Punta Tech Meetup Bill Boyd Chairman of business disaster recovery firm Agility Recovery Daniel Novegil CEO of steel

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-launches-new-program-to-support-high-potential-entrepreneurs (2016-02-10)
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  • News - EY - Price volatility forces oil and gas to focus on strategic deals - EY - Global
    forces oil and gas to focus on strategic deals Price volatility forces oil and gas to focus on strategic deals London 20 November 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Despite an increasingly stable global economy resilient equity markets and corporate earnings confidence the global oil and gas M A landscape remains only cautiously optimistic according to EY s 11 th biannual Oil and Gas Capital Confidence Barometer In the survey of more than 100 oil and gas executives worldwide 94 of respondents expect the global economy to either improve or at least be stable over the next year Confidence in corporate earnings is also on the rise nearly doubling since October 2013 However rising geopolitical risks an increased focus on capital returns and uncertainty over global oil and gas prices have dampened transaction forecasts in the short term 53 see geopolitical instability as the greatest economic risk of the next 12 months 62 are primarily focused on optimizing capital rather than investing 45 see reducing costs and improving margins as the primary driver of acquisition activity Andy Brogan EY Global Leader Oil and Gas Transaction Advisory Services says As companies react to the recent drop in oil prices we are seeing an even greater focus on capital discipline More and more companies are positioning themselves for growth in this challenging environment by returning to their roots refocussing their exploration spend and concentrating on core areas M A outlook middle market focus on the core Ultimately the appetite to execute deals is cautiously growing More than half of all oil and gas respondents expect deal volume to increase further in the next 12 months but only 25 expect to pursue acquisitions in the same time period down from 30 earlier this year More than two thirds of respondents expect their M A pipelines to expand further over the next year Importantly the number of respondents anticipating deterioration in the M A environment is now negligible Transformative M A high value acquisitions that significantly change the size of the acquirer or the scope of its business will continue More than a third of respondents are considering such transactions However the strongest growth in M A activity in the coming year will be in the mid sized deals More than 50 of oil and gas respondents expect maximum single deal values of US 250m or less At the same time more than 61 are concentrating on optimizing capital a sharp reversal from a year ago when companies were primarily focused on investing Much of this activity will focus on strengthening and expanding core businesses Mr Brogan adds More oil and gas companies are focused on acquiring businesses in their core sectors While growth led the strategic agenda for oil and gas companies a few years ago companies are now much more focused on optimizing the portfolio controlling costs and managing the risk profile These companies are assessing a range of transaction drivers but efficiencies are

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-price-volatility-forces-oil-and-gas-to-focus-on-strategic-deals (2016-02-10)
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  • News - EY - Emerging Europe reshaped by the crisis - EY - Global
    in some CEE countries came to the fore the momentum of FDI slowed in some countries such as Poland the Czech Republic Hungary Slovakia Romania and Bulgaria With a 22 drop in FDI projects during the crisis years Poland lost its leading position among Europe s emerging investment destinations to Russia and slipped to fifth position in terms of FDI job creation in Europe between 2009 and 2013 This trend was all the more surprising given that until 2013 Poland was the only EU Member State to witness positive growth during the crisis The Czech Republic another key economy in the region saw a marked decline of 37 in inward investment projects between 2009 and 2013 Despite the decline these two countries still remain the top two Central European destinations for FDI Rajiv Memani EY s Chairman of the Emerging Markets Committee and EY s India Managing Partner In 2014 global events have continued to shape the economic landscape The changing economic situation in CEE is particularly notable We have found that for these countries regulatory reforms and other government initiatives are vital for improving the business environment Such improvement will help the CEE countries attract further FDI and so move toward a path of sustainable growth A growing performance for Turkey Between 2009 and 2013 the number of projects in Turkey increased by 129 positioning the country as 3 rd by project growth after Germany and UK and the 10 th most attractive destination for FDI in Europe as a whole Lhermitte says Turkey was a clear exception to the general decline of European countries If we consider that this country didn t appear in the top 15 FDI destinations in Europe prior to the crisis we can realize how strong its performance was during the last few years With its significant market potential skilled workforces and improving business conditions we can forecast a significant number of new projects in this area for the foreseeable future In Turkey this positive trend was accompanied by a 162 increase in job creation between 2009 and 2013 With 98 new projects started up from 95 in 2012 2013 was a particularly successful year Affirming itself as Europe s new hotspot for large manufacturing projects the country drew several large investments in the automotive sector The US and Germany remain the two largest investors in Turkey accounting for 24 and 16 respectively Russia s big player status Russia received 114 FDI projects in 2013 and took the leading position for FDI projects among non Western European destinations during the crisis years Although the FDI number was down by 11 from the previous year it still managed to regain its leading position as the top emerging destination in the CEE region after falling behind Poland in 2012 Memani says In the last few years Russia attracted several key investment projects in the automotive heavy industry sectors such as chemicals and large transport equipment and was able to keep its leading position in the CEE

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-emerging-europe-reshaped-by-the-crisis (2016-02-10)
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