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Ernst & Young is falling behind its big four rivals

first_imgTuesday 5 October 2010 8:27 pm whatsapp Show Comments ▼ ERNST & Young (E&Y) has reported flat revenue growth across its global offices, falling behind big four rivals Deloitte Touche Tohmatsu and PwC. The accounting giant posted $21.3bn (£13.3bn) in global revenue, marking a slight decrease from 2009 when global income came to $21.4bn.The firm’s results place it behind Deloitte and PwC, which both posted increases in global turnover. Deloitte saw global revenue of $26.6bn, while PwC’s revenue also came to $26.6bn, marking a rise on 2009. E&Y’s figures were bolstered by its Asia-Pacific practice, which delivered a nine per cent rise in revenue. However, its remaining regions, including the UK, continued to suffer. Pricing pressure in the UK led to a two per cent decline in turnover last year.Jim Turley, global chief executive said E&Y was “encouraged by the return to growth”.E&Y plans to invest $1.2bn in developing its business over the next four years and will hire 3,000 people in the UK and 5,000 in China and India this year. Deloitte said yesterday it also plans to invest $1bn to fund growth. Tags: NULL whatsapp Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com KCS-content Ernst & Young is falling behind its big four rivals last_img

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