Resilient consumer spending may have helped the Scottish economy avoid a recession, but economic growth has been flat since Q2 of 2022 and will remain into 2024 when GVA is expected to rise by 0.3%, according to the EY ITEM Club Scottish Autumn forecast. The forecast adds that sentiment among busine
EY has announced that Janet Truncale has been elected its next global chair and CEO, becoming the first woman to lead a big four firm. Ms Truncale is currently serving as regional managing partner, EY Americas Financial Services Organization (FSO). In this role she leads a diverse team of more than
EY Scotland has welcomed the appointment of nine new partners, 150 promotions and 100 graduates and apprentices, as the firm announces record UK revenues of £3.8 billion in FY23. The partner appointments include seven internal promotions and two external hires, across Edinburgh and Glasgow, br
Despite prevailing economic challenges, the UK is poised to evade a recession, although growth is anticipated to be slow through 2023 and 2024, the EY ITEM Club's Autumn Forecast has revealed. Following a better-than-expected start to the year, GDP growth expectations for 2023 have been upgraded sli
Andrew Dolliver, Kris Aspin and Joseph Luke Charleton, of EY-Parthenon, have been appointed joint administrators to Renfrewshire-based Mar Hall Golf & Spa Resort. Originally built in 1845, the hotel employs 118 staff and is located on a 240-acre woodland estate near Glasgow.
Another rate hike in September may be less likely after recent data from the flash composite Purchasing Managers’ Index (PMI) for August recorded a decline in private sector activity. This breaks the consecutive six-month expansion streak. Although the chief economic advisor to the EY ITEM Clu
EY has recently promoted 267 senior staff members to partner status, marking a 10% increase in its partnership cohort, which now numbers 1,683 in the UK. This move underlines EY's ambitions to prioritise growth and respond to escalating client demand. However, less than half (42%) of the newly promo
Scotland has asserted itself as the top UK location outside London for foreign direct investment (FDI), according to the latest Scotland Attractiveness Survey by EY. The figures reveal that in 2022, Scotland secured a record 126 FDI projects, marking a 3.3% increase from the 122 projects attracted i