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EY has promptly rebuffed a recent proposition by American private equity firm TPG Capital to divide the firm into two distinct units.

Recent data emerging from Scotland's labour market has placed the Monetary Policy Committee's (MPC) next interest rate decision in a challenging position.

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

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.