Ey

Another obstacle has appeared for EY's breakup proposal after a London High Court judge told the firm's UK arm it must give notice of four weeks to NMC Health's administrators on whether a split will go ahead.

EY's plan to split its auditing and consulting businesses has been thrown into disarray after the US head, Julie Boland, told partners that the deal was on hold and needed to be renegotiated.

The number of profit warnings issued by UK-listed companies in 2022 increased by 50% year-on-year, with record levels of warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report.

Fears grow of a worse recession than previously thought as experts predict lower GDP growth for the next three years.

The London stock markets witnessed a significant decline (90%) in IPO activity in 2022, with just 45 issuers listing during the year, a 62% decline when compared to the record 119 recorded in 2021.

Tax increases on higher earners in Scotland have entrenched the divergence in income tax regimes north and south of the border, financial experts have said. John Swinney, the deputy first minister and interim finance secretary, yesterday announced an increase in the higher and top rates of income ta

A Scottish sustainable packaging pioneer has clinched the EY Entrepreneur Of The Year 2022, UK Transformational Leader title. Glasgow-based David MacDonald, owner of Cullen Eco-Friendly Packaging, won the hotly-contested national award at the recent EY Awards ceremony in Manchester. A panel of entre

EY has announced there will be no holiday bonuses this year for its US staff.

EY global managing partner Andy Baldwin has claimed big four rivals will "at some point" have to follow suit as EY's split moves ahead. EY's UK and US partners are expected to begin voting on the split decision in their respective regions early next year after the proposal was approved by leaders in

The latest EY Future Consumer Index has found that nearly half of UK consumers (43%) expect to spend less over the festive season compared to 22% for the same period last year. The 11th edition of the survey of over 1,000 UK consumers found that falling consumer confidence due to the cost-of-living

The start of EY's vote to split the company has been postponed as the firm's 'global framework agreement' has not been finalised yet. Voting on the proposed separation of the audit and consulting businesses, which was approved in September, was set to start this month with balloting of the big four

Rob Doepel, EY managing partner, sustainability, UK & Ireland, comments on the publication of the Transition Plan Taskforce (TPT) Disclosure Framework. The TPT Disclosure Framework is comprehensive and an extremely important step in the right direction towards driving the UK towards a net zero f

Profit warnings issued by UK-listed companies with a defined benefit (DB) pension scheme increased by 38% year-on-year in the third quarter of 2022. EY-Parthenon’s latest Profit Warnings analysis finds that the number of profit warnings issued by UK-listed firms with a DB scheme rose from 13 i

EY's UK partners have received a 7% boost to their payouts, an average of £54,000 to £803,000, as the big four firm announced record levels of growth for its UK business. The firm's UK revenues are up 17.2% and UK fee income increased to £3.23 billion from £2.75bn over the la

UK mortgage lending is expected to fall slow sharply in 2023 with just 0.7% growth due to rising mortgage rates and falling real household incomes, according to the latest EY ITEM Club Outlook for Financial Services. This comes after lending is projected to rise 4% this year, following strong demand