Legal action launched against EY over Wirecard scandal

The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard.

Published 29 June 2020

EY: Scotland bucked trend to increase financial services foreign direct investment in 2019

Scotland increased its share of financial services foreign direct investment (FDI) in 2019 and secured Europe’s largest international investment project in terms of job creation, while project numbers across Europe fell, according to the latest EY UK Attractiveness Report for Financial Services 2020.

Published 22 June 2020

EY: Scotland inward investment increased at a faster pace than the UK in 2019

Scotland has established a comparatively strong position within the UK in terms of attracting Foreign Direct Investment (FDI) having recorded an increase in both the number and share of UK projects in 2019, according to the EY Scotland Attractiveness Survey 2020.

Published 28 May 2020

Profit warnings for Scottish companies reaches record high

The number of profit warnings by listed companies in Scotland has reached a record level in the first quarter of this year, according to the latest Profit Warning report from EY.

Published 4 May 2020

EY whistleblower awarded £8m

Big Four accountancy firm EY has been ordered to pay $10.8 million in damages to Amjad Rihan, an auditor turned whistleblower who claimed that the firm covered up evidence of money laundering.

Published 20 April 2020

Accountancy firms issue pay cuts and furlough 700 employees

BDO is the latest major accountancy firm to announce cuts to partners remuneration and the furlough of staff with the firm decreasing partner pay by a fifth amid the coronavirus pandemic.

Published 16 April 2020

EY: UK IPOs grind to a halt after promising start to the year

The combination of a reduction in oil prices and the coronavirus crisis has created the most turbulent market conditions since the financial crisis in 2008, severely impacting Initial Public Offering (IPO) activity, according to EY’s latest IPO tracker, EY IPO Eye.

Published 7 April 2020

Chancellor announces government will pay workers wages amid coronavirus outbreak

Chancellor Rishi Sunak's announcement that the UK Government will pay the wages of employees unable to work due to the COVID-19 outbreak has been roundly welcomed.

Published 23 March 2020

SCC: Additional support measures for businesses are essential for businesses to survive COVID-19

The Scottish Chambers of Commerce (SCC) has said that the additional support measures announced by Chancellor Rishi Sunak are essential if businesses are to survive the COVID-19 outbreak.

Published 18 March 2020

EY appoints Hywel Ball as managing partner

Accountancy firm EY has appointed Hywel Ball as its UK & Ireland managing partner and chairman as it prepares for its audit and consultancy divisions to be divided. 

Published 13 March 2020

Women in Banking and Finance appoints EY's Sue Dawe as a patron

Sue Dawe, EY’s head of financial services in Scotland, has been appointed as a patron of Women in Banking & Finance (WIBF).

Published 5 March 2020

Flybe goes into administration with EY appointed administrators

The UK's largest regional airline Flybe has gone into administration with Alan Hudson, Joanne Robinson, Lucy Winterborne and Simon Edel of EY appointed as joint administrators.

Published 5 March 2020

API Foils saved from administration by Aldus purchase

Global packaging business Aldus has agreed to buy API Foils in Livingston, which went into administration earlier this month.

Published 26 February 2020

EY appointed administrators of API Foils

Colin Peter Dempster and Robert Hunter Kelly of EY have been appointed as joint administrators of the Livingston-based packaging company API Foils.

Published 4 February 2020

Beeks Financial Cloud CEO Gordon McArthur floats advice to Scottish IPO potentials

Scottish companies considering a listing will hear from a panel of experts on how it can work best for their business at an IPO dinner hosted by Pinsent Masons and EY.

Published 27 January 2020