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EY global managing partner Andy Baldwin has claimed big four rivals will "at some point" have to follow suit as EY's split moves ahead. EY's UK and US partners are expected to begin voting on the split decision in their respective regions early next year after the proposal was approved by leaders in

The latest EY Future Consumer Index has found that nearly half of UK consumers (43%) expect to spend less over the festive season compared to 22% for the same period last year. The 11th edition of the survey of over 1,000 UK consumers found that falling consumer confidence due to the cost-of-living

The start of EY's vote to split the company has been postponed as the firm's 'global framework agreement' has not been finalised yet. Voting on the proposed separation of the audit and consulting businesses, which was approved in September, was set to start this month with balloting of the big four

Rob Doepel, EY managing partner, sustainability, UK & Ireland, comments on the publication of the Transition Plan Taskforce (TPT) Disclosure Framework. The TPT Disclosure Framework is comprehensive and an extremely important step in the right direction towards driving the UK towards a net zero f

Profit warnings issued by UK-listed companies with a defined benefit (DB) pension scheme increased by 38% year-on-year in the third quarter of 2022. EY-Parthenon’s latest Profit Warnings analysis finds that the number of profit warnings issued by UK-listed firms with a DB scheme rose from 13 i

EY's UK partners have received a 7% boost to their payouts, an average of £54,000 to £803,000, as the big four firm announced record levels of growth for its UK business. The firm's UK revenues are up 17.2% and UK fee income increased to £3.23 billion from £2.75bn over the la

UK mortgage lending is expected to fall slow sharply in 2023 with just 0.7% growth due to rising mortgage rates and falling real household incomes, according to the latest EY ITEM Club Outlook for Financial Services. This comes after lending is projected to rise 4% this year, following strong demand

UK Assets Under Management (AUM) are expected to fall by almost a tenth (9.9%) this year – the biggest annual decline since 2008 – according to the latest EY ITEM Club Outlook for Financial Services. Only a modest reversal is expected in 2023 (to 2.5% growth) due to the difficult global

New research from EY Lane4 has shown that while 86% of employees say their organisation has a ‘purpose statement’, 42% are unaware of what that purpose statement includes. The findings are taken from a recent survey of more than 2,000 UK employees, including 500 at C-suite level, working

Profit warnings issued by UK-listed companies have reached their highest third-quarter total since 2008, according to EY-Parthenon’s latest Profit Warnings report. In total, 86 profit warnings were issued between July and September 2022, compared to 51 in the same period of 2021, an increase o

EY has welcomed 13 partners along with nearly 100 new graduates and apprentices to its Scotland practice this year as part of the firm’s continued investment in its Scottish business. Across the UK, EY strengthened its partnership with 120 new equity partners – including the promotion of

EY has announced its launch of a centre of excellence in Glasgow that will specifically hire neurodivergent individuals to fuel innovation in technology, bring a new dimension of creativity, and drive greater diversity, equity, and inclusion in the workplace. The Neuro-Diverse Centre of Excellence (

Shepherd and Wedderburn’s Corporate Finance team has advised Douglas and Iain Anderson, the joint managing directors of specialist plant hire company GAP Group Limited, in the sale of their separately owned vehicle hire company to international hire giant SIXT. The vehicle hire business was se

EY has announced combined global revenues of $45.4 billion (£40bn) for the financial year ending June 2022. With an increase of 16.4% in local currency (13.7% in US dollars), this marks one of the most successful years in the history of the organisation with the highest growth seen in nearly t

EY's partners will vote on the firm's break-up after leaders approved the split at a meeting this week.