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Skills shortage epidemic weighs on growth

05 Feb 2013

Businesses around the world are reporting a skills shortage epidemic that is weighing on growth prospects, according to new research from the Grant Thornton International Business Report (IBR). 

Three-quarters of businesses hold leases

30 Jan 2013

The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) are set to publish revised proposals for a new lease accounting standard but a survey of 3,450 businesses in 44 economies finds that, although 78% hold leases, only 42% are aware of these proposed global changes that could drastically alter their balance sheet.

Business optimism falls in mature economies

02 Jan 2013

Hopes for a strong start to economic recovery in 2013 look to be diminishing as business confidence in mature economies continues to fall away. The latest data from the Grant Thornton International Business Report (IBR), a survey of 3,200 business leaders in 44 economies, suggests economic uncertainty caused by concerns over the United States fiscal cliff and ongoing fears over the long-term viability of eurozone is dampening growth prospects.

Grant Thornton grows 10.4%

20 Dec 2012

Grant Thornton today announced record combined global revenues of US$4.2 billion driven by 10.4% growth in US dollars (18.8% in Euros, €3.2 billion) and 13.2% in local currency for the year ended 30 September 2012. Grant Thornton led the six largest global accounting organisations in reported revenue growth rate for 2012.

UNICEF donation reaches $250,000

19 Dec 2012

Grant Thornton this week donated US$60,000 to UNICEF, the leading children’s organisation, as part of its ongoing partnership through the International Business Report (IBR). This takes the total donation made through the project over the past six years to over US$250,000.

The rules of engagement for family-owned businesses by Hisham Farouk

16 Dec 2012

Managing Partner, Hisham Farouk tackles the contentious issue of succession and governance in family-owned enterprises. Family-owned businesses represent more than 90 per cent of the business community in the UAE, according to a recent study published in the UAE*. This fact alone highlights the significance this sector plays on the local economy. In order for the UAE to move further forward it is essential for these family-owned businesses to recognise how they can unlock their potential for growth.

Red tape threatens to obstruct globalisation

10 Dec 2012

New research from the Grant Thornton International Business Report (IBR) reveals that the number one barrier to international expansion reported by businesses globally is legislation and regulations.

Private equity firms to ‘go global’

15 Nov 2012

• Indonesia, Peru, Colombia and Turkey top list of new “high growth” markets where private equity is likely to see the most opportunities • Deal activity expected to slow in China and India • Foreign trade buyers seen as most likely exit route, notably those from Japan, China and Korea

Business support for fiscal measures

23 Oct 2012

Business optimism fell sharply across the globe in the third quarter of 2012, according to the latest Grant Thornton International Business Report (IBR). Despite attempts to encourage investment, the majority of businesses say that they will maintain or increase their cash reserves “ building on the $4trillion of cash already sitting on company balance sheets.

How to improve the auditor's report

11 Oct 2012

Grant Thornton supports the International Auditing and Assurance Standards Board (IAASB) draft document to improve the auditors report, and suggests additional emphasis on certain key issues.