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Carmine Di Sibio, the global chairman and chief executive of Big Four accountancy firm EY, has announced plans to step down in June next year. His decision comes in the wake of a scrapped proposal to divide EY into separate audit and consulting businesses, a move informally known as Project Everest.

Scotland has reaffirmed its standing as the top UK destination for financial services foreign direct investment (FDI) outside London, with the UK overall retaining its position as Europe's most appealing location for FDI in the sector, according to EY's most recent survey.

EY has announced plans to cut 3,000 jobs in the United States, primarily in the consulting division, to address overcapacity issues.

The UK economy is predicted to avoid a technical recession and a calendar year contraction in 2023, with an anticipated growth of 0.2%, according to the EY ITEM Club Spring Forecast. The improvement is attributed to better-than-expected GDP in Q4 2022 and the expected rapid easing of inflationary pr

EY UK staff have been told to prepare for cost-cutting initiatives and a wave of job losses following the collapse of its ambitious break-up plan.

The London stock market saw a sluggish beginning to 2023, as only five issuers raised a mere £81 million in the first quarter of the year. The main market had just two IPOs, raising a total of £63m, while the Alternative Investment Market (AIM) had three admissions, raising £18m. T

EY has abandoned its current plans to split its audit and consulting businesses, codenamed Project Everest, following months of internal conflict and opposition from US executives.

Another obstacle has appeared for EY's breakup proposal after a London High Court judge told the firm's UK arm it must give notice of four weeks to NMC Health's administrators on whether a split will go ahead.

EY's plan to split its auditing and consulting businesses has been thrown into disarray after the US head, Julie Boland, told partners that the deal was on hold and needed to be renegotiated.

The number of profit warnings issued by UK-listed companies in 2022 increased by 50% year-on-year, with record levels of warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report.

Fears grow of a worse recession than previously thought as experts predict lower GDP growth for the next three years.

The London stock markets witnessed a significant decline (90%) in IPO activity in 2022, with just 45 issuers listing during the year, a 62% decline when compared to the record 119 recorded in 2021.

Tax increases on higher earners in Scotland have entrenched the divergence in income tax regimes north and south of the border, financial experts have said. John Swinney, the deputy first minister and interim finance secretary, yesterday announced an increase in the higher and top rates of income ta

A Scottish sustainable packaging pioneer has clinched the EY Entrepreneur Of The Year 2022, UK Transformational Leader title. Glasgow-based David MacDonald, owner of Cullen Eco-Friendly Packaging, won the hotly-contested national award at the recent EY Awards ceremony in Manchester. A panel of entre

EY has announced there will be no holiday bonuses this year for its US staff.