Executives are more downbeat than they have been in years about the prospects for corporate dealmaking, citing worries about the euro zone and softening in emerging markets, according to an Ernst & Young survey released on Sunday. Just 25 percent of the executives polled for Ernst & Young's seventh Global Confidence Barometer said they expect to pursue an acquisition over the next six months, in the most pessimistic outlook since the firm started the survey in 2009."We are looking at low or stagnant growth for quite a number of years to come," Pip McCrostie, global vice chair of transaction advisory services at Ernst & Young, said in an interview. "People are thinking, 'I want to be much more conservative, much more risk averse.' That leads to a drop in the M&A appetite and a drop in the desire to sell."Ernst & Young polled more than 1,500 executives for the survey, more than half of whom were chief executives, chief financial officers or other high level executives. Those surveyed were from 41 countries and spanned 24 different sectors.The survey mirrors the decline in dealmaking seen this year. There have been roughly $1.7 trillion in deals announced so far this year, down 14 percent from last year, according to Thomson Reuters data.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.45% or $-0.13/share to $28.84. In the past year, the shares have traded as low as $25.28 and as high as $30.66. On average, 927628 shares of TRI exchange hands on a given day and today's volume is recorded at 1269894.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.46% or $-0.13/share to $28.25. In the past year, the shares have traded as low as $26.10 and as high as $30.40. On average, 851475 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 848146.
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