Ey

EY is considering a global restructuring that could see it spin off the audit division from its advisory business. Yesterday, EY confirmed that it was in the “early stages” of separating its audit business from its consultancy arm.

Alvarez & Marsal, the joint administrator of the former private healthcare company NMC Health, has filed a High Court claim of at least $2.5 billion against the firm's former auditor, EY. Yesterday, Alvarez & Marsal revealed that as part of its "wide-ranging investigation into the situation"

Aberdeen-based Stewart Milne Group is embarking on a sale process of its housebuilding business, following the decision of its founder and principal shareholder to retire. Nearly 50 years after founding the group, chairman Stewart Milne, 71, is making plans for his retirement and the Board

Big Four accountancy firm EY has revealed plans to double the size of its UK consulting team by 2026, with more than half of the new roles to be based in cities including Glasgow and Edinburgh. The firm currently has 5,100 consultants within the firm, however, it hopes to increase this to over

Big Four accountancy firms EY and Deloitte have announced that they will close their operations in Russia in the wake of the country's invasion of Ukraine. EY has revealed that it will cut its 4,700-person business in Russia, while Deloitte announced yesterday that it would separate its operations i

Almost 90% of global financial services investors are planning to establish or expand operations in the UK in 2022, according to EY’s latest UK attractiveness survey, representing the highest level of confidence since EY started attractiveness analysis. Sentiment around planned investment into

Accountancy firms Johnston Carmichael, PwC, EY and KPMG, have responded to the 2022-2013 Scottish Budget announced by finance secretary Kate Forbes yesterday.  The finance secretary stated that ending Scotland’s contribution to climate change, tackling inequalities and investing in the ec

Partners at EY took home £749,000 last year after the company saw UK revenues grow by 7.3% and fee income increase to £2.75 billion. EY's latest results report strong growth across all its service lines. Revenues in strategy and transactions grew 12.1%, consulting grew 9.5%, assurance gr

The best of Scotland's financial and professional services industry was celebrated in Edinburgh last night at the 2021 Scottish Financial Services Awards, held in-person for the first time since the pandemic.

Big Four accountancy firm EY has announced that it will invest $2 billion over the next three years to strengthen the quality of its audits. EY revealed that the investment is part of a $10bn plan to help "further build trust" in the capital markets which will be supported by the implementation of t

Scottish businesses Ascensos, Bella & Duke, Good-Loop, Snag Group Limited, and Systal Technology Solutions have been chosen to advance to the final stage of EY Entrepreneur Of The Year UK. The Scotland 2021 winning categories are:

The Financial Reporting Council (FRC) is preparing to tighten the governance code for Britain’s biggest audit firms in a move that will increase pressure on EY to split the roles held by its UK leader. Scottish Financial News reported yesterday that the FRC announced a consultation on pro

The Financial Reporting Council (FRC) has announced sanctions against Big Four accountancy firm EY and audit engagement partner Mark Harvey in relation to the statutory audit of the consolidated financial statements of bus company Stagecoach Group plc. The sanctions concern the audit conducted by th

US-based packaging firm Novolex has acquired Vegware, an international provider of compostable foodservice packaging headquartered in Edinburgh, for an undisclosed sum. UK Vegware’s teams in both the UK and US are expected to join the Novolex family. The Vegware brand will remai

EY has strengthened its Scotland team by announcing 16 senior appointments, including four new equity partners, across all service lines. Blake Adlem (Financial Services Assurance, based in Edinburgh), Blair Hopkins (People Advisory Services, based in Glasgow) and Scott Kenyon (Consulting, based in