EY to strengthen procedures after audit scandals

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.

Published 9 September 2021

Winners of Scotland EY Entrepreneur Of The Year 2021 announced

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.

Published 9 September 2021

FRC heightens pressure on audit firms to split senior roles

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.

Published 27 August 2021

FRC fines EY £3.5m for Stagecoach Group audit

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.

Published 25 August 2021

Novolex acquires Edinburgh-based Vegware for undisclosed sum

US-based packaging firm Novolex has acquired Vegware, an international provider of compostable foodservice packaging headquartered in Edinburgh, for an undisclosed sum.

Published 10 August 2021

EY Scotland bolsters team with 16 senior promotions

EY has strengthened its Scotland team by announcing 16 senior appointments, including four new equity partners, across all service lines.

Published 9 July 2021

Scotland’s attractiveness as a financial services investment destination rises threefold to record high

Scotland continues its decade-long trend as the UK’s most attractive region for financial services foreign direct investment (FDI) outside of London, according to EY’s latest UK Attractiveness Survey for Financial Services.

Published 21 June 2021

EY: Scotland bucks UK and Europe trend to secure increased inward investment

Scotland bucked a UK and European trend by attracting more Foreign Direct Investment (FDI) projects in 2020 than in 2019, while the country has reached its highest-ever attractiveness level for investment and bolstered its position as the UK’s most attractive FDI location outside London, according to the latest EY report.

Published 7 June 2021

EY staff to work from home at least two days a week in wake of pandemic

Staff at Big Four accountancy firm EY will be allowed to work from home for at least two days per week after all coronavirus restrictions are eased.

Published 25 May 2021

EY Scotland’s Tricia Nelson takes on new role as managing partner

EY has announced the appointment of Tricia Nelson as UK & Ireland managing partner - People Advisory Services (PAS) with immediate effect.

Published 11 May 2021

UK EY staff to receive £20 million in bonuses after COVID-19 bounce-back

EY is giving thousands of its UK staff a share of a £20 million bonus pot after the Big Four firm saw a better than expected revenue bounce-back from the coronavirus crisis.

Published 30 April 2021

EY: Businesses shun litigation for conciliation amid pandemic, rise in legal claims in 2021 expected

UK businesses have avoided using litigation to resolve commercial disputes during the COVID-19 pandemic, instead turning to negotiation and mediation, according to new research by EY.

Published 21 April 2021

EY: UK achieves strongest Q1 IPO performance in 14 years

UK listings experienced a very strong start to the year with more funds raised in the opening quarter of 2021 than in any other opening quarter since 2007, and the most raised in a single quarter since 2014, according to the latest EY IPO Eye.

Published 12 April 2021

EY: Over half of the UK listed companies at risk of insolvency made a claim for government support

More than half of the UK’s listed companies currently at heightened risk of insolvency made a claim for government support in December 2020 and could face a financial cliff edge when it comes to an end, according to the latest EY analysis of profit warnings.

Published 25 March 2021

UK finance firms moved almost £100bn of assets to EU in final months of 2020

Financial services firms in the UK moved nearly £100 billion in assets to the EU in the last months of 2020, according to EY's latest Brexit Tracker.

Published 2 March 2021