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America's largest bank, JP Morgan, is transferring around €200 billion (£184 billion) from the UK to Germany as it prepares for Brexit. According to Bloomberg, the transfer of assets will make the bank one of the largest in Germany based on the size of its balance sheet. The transfer of a

Six entrepreneurs from five Scottish businesses have made the shortlist as finalists competing for the prestigious EY Entrepreneur of the Year UK Award. The five Scottish businesses are among 25 selected as finalists across the UK.

The expected bill for unsustainable debts to UK firms has dropped by £10 billion to 'only' £20bn, according to TheCityUK. TheCityUK’s Recapitalisation Group (RCG), supported by EY, has today published updated projections for levels of unsustainable debt faced by SMEs.

Not one of Scotland’s 48 listed companies features a black executive on its senior management team, according to new research conducted by The Ferret.

EY in Scotland has welcomed Moray Barber to the firm as a tax partner based in Aberdeen who will primarily serve the energy sector. His appointment follows that of Duncan Reoch as associate partner who joined in March. Mr Barber has more than 20 years of experience supporting clients with complex ta

The number of profit warnings issued by listed businesses headquartered in Scotland in the first half of 2020 (H1 2020) increased by 45% year-on-year, with 94% citing the impact of the coronavirus pandemic, according to EY’s latest Profit Warnings report. EY recorded 16 profit warnings in the

Future work for accountancy and finance professionals is set to be transformed for the better through an increase in the adoption of digital technologies, according to a new report from The Association of Chartered Certified Accountants (ACCA) and EY. 

Scotland's finance minister Kate Forbes is being urged to match England's stamp duty tax cut for house buyers.

In yesterday's summer economic statement, chancellor Rishi Sunak announced a number of measures aimed at supporting the UK economy in the wake of the coronavirus pandemic, such measures include a temporary 5% VAT cut for the food and hospitality industry. The cut marks a significant reduction from t

The Financial Reporting Council (FRC) has ordered the UK's Big Four accountancy firms to separate their audit practices by June 2024. The FRC has outlined a set of principles for the operational separation of audit functions within PwC, Deloitte, KPMG and EY. The watchdog has ruled that the four&nbs

Scottish accountancy veteran Aidan O’Carroll is stepping down from his role as senior partner at EY after 35-years at the firm. For the last three years, Mr O'Carroll has been based in Glasgow working primarily with Scotland’s family and private business sector. Prior to that, he spent 1

The Financial Times has reported that EY partners have been briefed on the upcoming legal action filed against them concerning its audit of German payments company Wirecard. More than 1,000 Wirecard shareholders have joined the legal proceedings seeking up to £910 mill

Scotland increased its share of financial services foreign direct investment (FDI) in 2019 and secured Europe’s largest international investment project in terms of job creation, while project numbers across Europe fell, according to the latest EY UK Attractiveness Report for Financial Se

Scotland has established a comparatively strong position within the UK in terms of attracting Foreign Direct Investment (FDI) having recorded an increase in both the number and share of UK projects in 2019, according to the EY Scotland Attractiveness Survey 2020.

The number of profit warnings by listed companies in Scotland has reached a record level in the first quarter of this year, according to the latest Profit Warning report from EY.