Highlights of the firm's performance include:
corporate finance, with a 22 per cent rise in fee income
taxation services where, for the fourth consecutive year, fees rose by 15%
business assurance - now competing in a mature market - achieved a significant 11 per cent growth in fees
management consultancy - which for 3 consecutive years out grew and out performed the market - put in a good performance with a 10 per cent growth in fees, undeterred by severe downturns in manufacturing and Year 2000 related assignments.
UK Chairman Nick Land commented:'Our results demonstrate clearly how Ernst & Young continues to perform well in highly competitive and challenging markets, achieving a 13 per cent growth in fees over the year.
'Our outlook for the future is very positive indeed. The connected economy, phenomenal growth in eBusiness and the need for ever increasing speed requires us to remain innovative and insightful in the design and delivery of services which continue to add real value to our clients in the ever more challenging environments they trade in.
Our investments in services, knowledge and, above all, our people, will keep us at the forefront of professional services firms.'
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