This week’s blog comes from Alan Hudson, EY Head of UK&I Restructuring In 1999, when EY started to track UK profit warnings, the dot.com boom was full swing, the euro started trading and businesses were preparing for Y2K – the so called “millennium bug”. Two decades and over 6000 profit warnings later, we’ve gathered a … More What can 20 years of profit warning data tell us?
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?
Plus ça change, plus c’est la même chose – the more things change, the more they stay the same! This has pretty much been the theme of the blog for the past few years. You only needed to look at volatility indices – and the growth in their derivatives– to appreciate the extent of this stasis. … More 2018 is shaping up to be (subtly) different
Stocks go down; stocks go up – but not usually by so much in a short space of time. In this week’s blog, we’ll look at why markets have been on such a wild ride and – crucially – what this might signal for the rest of 2018. … More Reality Bites
As we move into autumn I’m struck by growing contrasts. Heightened geopolitical tensions are hard to miss and financial risks are moving back in the spotlight … More Season of contrasts
A look back into financial markets in 2015 – 2017 … More And it’s goodbye from me…
Well, we said it could be a pivotal month! I confess that I didn’t have this exact scenario in mind, but it does seem to follow recent global trends of polarised politics and electorates looking for something new. This is still – as they say in 24 hour news circles – a ‘fluid situation’. But, today I just wanted to take a moment to think about where we could go from here. Emphasis on the ‘could’ since this could be an interesting ride. … More Where do we go from here?
When we said the second quarter would bring new challenges, a snap UK general election wasn’t on our minds, but political uncertainty was. Therefore, it’s interesting that markets currently seem to be pricing in greater certainty as a result of this week’s announcement. We don’t know if this election will run more to script than others have in the last year; but we’ve started to think about what it might mean for companies and markets – and how much it matters in the grand scheme of 2017. … More What does the general election mean for capital?
On paper there’s some testing events coming up, from the French election to some potentially pivotal monetary policy meetings and on-going debates around BREXIT and US policy. Geopolitical tensions are also heightened. But, we’ve been through difficult quarters before without there being much discernible change on the ground in terms of investor sentiment and corporate attitudes to deals. So will anything trigger a change this quarter? … More Q2…something new?
How do we even start to sum up 2016 on in one blog? Great tomes will surely be written about a year in which so many orthodoxies were overturned and paradigms shifted. … More What happened in 2016?