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Scotland has maintained its position as the second most attractive location for foreign direct investment (FDI) in the UK, after London, securing a record 124 projects in 2023. According to EY’s Scotland Attractiveness Survey, this represents a 12.7% increase from the previous year, significan

EY Scotland has appointed seven new partners and elevated an existing partner to equity partner. Will Asher, Mark Higgins, Laura Mitchell, Fiona Queen, Richard Rainey, Ross Robertson, and Mike Winn have been appointed partners. Tom Sanders, who was appointed partner in the Aberdeen practice in

EY has launched its first Scottish fintech lab in Edinburgh, following the Big Four firm's first successful lab in London. The lab is designed to collaborate with start-ups and scale-ups to create innovative solutions to key financial challenges across the UK region, with a particular focus on susta

Hywel Ball, EY's UK chair and UK&I managing partner, has announced his resignation, triggering a leadership race for one of the most coveted roles in professional services. The 61-year-old veteran, who has dedicated his entire career to the Big Four firm since 1983, was a staunch advocate for Pr

Scotland continues to attract the highest number of UK financial services foreign direct investment (FDI) projects outside London, according to the latest EY Scotland Attractiveness Survey for Financial Services.

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

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

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

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.

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

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

Scotland’s economy is set to gain momentum this year with the prospect of interest rate cuts from May onwards, a continuing fall in inflation, and decreasing energy prices. Continued growth in pay and easing pressure on household finances should also boost consumer sentiment, according to the

Some 18.2% of UK-listed companies issued profit warnings in 2023, surpassing the levels witnessed during the 2008 financial crisis, as indicated by EY-Parthenon's latest Profit Warnings report. In total, 294 profit warnings were issued in 2023, a small decrease of 11 from 2022 when 305 warnings were

Big Four firm EY has initiated the monitoring of office attendance for its UK employees, using a swipe card entry system and circulating the data at senior levels.

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.