This week’s Capital Agenda Blog comes from Alan Hudson, Head of UK Restructuring. UK quoted companies issued 89 profit warnings in the first quarter of 2019. This is the highest first quarter total since 2009. Indeed, our EY Profit Warning Stress Index has only been higher twice before – both times during the last recession. … More Has UK plc lost its earnings compass?
This week’s Capital Agenda Blog comes from Amanda Blackhall O’Sullivan, a partner in our Restructuring team. Some of the strongest headwinds that have battered the travel sector in recent years are easing, but new challenges are always emerging and many go deeper than temporary shifts in overheads and demand. Airlines and tour operators in particular will need … More Are travel headwinds easing?
This week’s blog comes from Charles Honnywill, Transactions Partner and Divestiture Leader at EY Disposals remain high on the UK corporate agenda and an active M&A market suggests that there’s no shortage of buyers. So far so good. But as recent high-profile examples highlight, many transactions don’t go to plan due to unforeseen regulatory issues. … More Can they buy what you’re selling?
Most organisations inside the UK – and many outside – will rank Brexit as amongst their biggest immediate risks. Rightly so. But amidst this political maelstrom, it’s easy to forget that the biggest existential threat to your organisation might come from an emerging disruptive trend or a change in social attitudes. In this week’s blog … More What’s that coming over the hill?
This week’s blog comes from Fredrik Bürger, who leads EY’s Private Equity Value Creation service offering. Public-to-private transactions (PTP) are well and truly back on the private equity agenda. While by no means reaching the peaks of 2006-7, ‘take-private’ deals have picked up in the last two years and look set to accelerate in 2019. … More Why is ‘take private’ such a hot topic?
This week’s Capital Agenda Blog comes from Michael McCartney and Chris Lowe in our Capital & Debt Advisory Team. Divergence is one of the most influential trends in UK debt markets today. There is an increasing deviation in behaviour, in quality and in companies’ ability to access debt, which – if it continues to play … More What happens when debt markets diverge?
January has two faces. On the one side, a global market rally, on the other rising global risks. There’s an obvious tension here. The rally seems largely based on investor expectations that these rising risks will slow the pace of US interest rate rises. But, 2019’s risks look broader and deeper than 2016, when we … More 2019, the story so far…