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Scotland's gross value added (GVA) is expected to rise by 0.4% this year, down from a previous forecast of 0.7%, according to the latest EY ITEM Club Scottish Spring forecast. A slightly stronger growth trajectory for 2025 is now projected — 1.7%, up from 1.4% — with sustained growth in

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Scottish financial services industry has reported significant strategic strides as industry leaders meet to discuss continued growth and collaboration. Scottish Financial Enterprise, City of London Corporation and Scottish Government met in Edinburgh on Thursday to discuss opportunities for gro

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While economic momentum and employment growth will gradually build throughout the UK over the next three years, Scotland’s labour market is expected to continue to see challenges and lag other regions, according to the latest EY Regional Economic Forecast. The average employment growth rate in

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Big Four accounting firm EY incurred over $700 million (around £555m) in additional debt on its global operating business due to the failed Project Everest, according to recently filed accounts at Companies House.

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Scotland's listed companies experienced a notable increase in profit warnings during Q4 2023, surpassing the combined warnings of the entire preceding year, as revealed by EY-Parthenon's latest Profit Warnings report. Ten profit warnings were issued in 2023, with six in Q4 alone. The number of Q4 wa

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It has been projected that the escalating cost of borrowing could impose a significant refinancing burden of £20-25 billion on UK Plc over the next three years, according to data analysed by EY. The analysis has found that the cost of debt financing has increased, on average, by 3 to 6 pe

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The London stock market recorded just 23 issuers listing in 2023 which is a 49% decline on the 45 seen in 2022 and represents the quietest year on record since 2010, when EY first started collating this data.

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EY has extended the tenure of its UK chair, Hywel Ball, for a second time, allowing him to continue leading the Big Four firm beyond the mandatory retirement age of 60. Mr Ball, 61, who has been at the helm since 2020, received a further one-year extension, taking his leadership role until June 2025

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The UK economy has faced a downturn in October, with a contraction observed across all major sectors, which saw GDP fall by 0.3% month-on-month. The decline was notably consistent with the sluggish trends indicated in recent business surveys. The EY ITEM Club's chief economic advisor, Martin Be

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