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The Latest Breaking News from EY

Major London council receives damning report from auditors

An auditor said many of the council’s issues had persisted for ‘many years’ and needed ‘urgent action’

Evening Standard

How could Reeves hit gambling firms – and are they fearmongering over impact?

Chancellor is expected to increase duties bookies and casinos pay, ending months of speculation and lobbying

The Guardian - UK

Trump raised eyebrows after asking America’s top CEOs for tips on affordability crisis: ‘He’s surrounded by a lot of ‘yes men’’

The president reportedly made remarks during a private event at the White House, which included CEOs from JPMorgan Chase, BlackRock, Goldman Sachs and Nasdaq

The Independent UK

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Rex administrators blame pilot and parts shortage

Administrators to beleaguered regional airline Rex have found a pair of factors contributed to its insolvency above its botched entry to capital city markets.

AAP

What's Going On With CrowdStrike Stock?

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares are rising on Monday. The cybersecurity company announced several pivotal strategic developments.

Benzinga

Tax rises and drop in investment predicted to limit UK growth

EY Item Club downgrades forecast for next year, with Office for Budget Responsibility expected to follow suit

The Guardian - UK

EY reportedly leaked a massive 4TB database online - exposing company secrets online for all to see

EY says the database was not exposed for long.

TechRadar

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New EY report flags economic concerns over proposed U.K. gambling tax hike

Job losses and shrinking betting market on the horizon.

Dot Esports

Why CFOs must bridge finance and tech teams to realize AI's full value

CFOs, CIOs, and CTOs should align on shared principles.

Fortune

From pilots to powering sustainable growth: the C-suite blueprint for physical AI

We are witnessing this technology advance beyond the digital world right before our eyes.

Fortune

350 hiring managers gave their honest thoughts about Gen Z—and only 8% believe they're ready for the workforce

The young generation is second-guessing their college degrees—and as more employers lean on skills-based hiring, Gen Z faces stiff competition.

Fortune

Who is Morgan Ortagus? Trump’s envoy to the Middle East who opposed UN Gaza ceasefire resolution

From beauty pageant queen to a key role in U.S. foreign policy, Morgan Ortagus is at the center of Trump administration decisions on the Middle East

The Independent UK

As Gen Z hunts for career fire starters, these are the best MBA programs landing grads $150K+ jobs in tech and consulting

Gen Z may be skeptical of the higher education payoff, but LinkedIn’s new ranking shows elite programs like Stanford and Harvard still deliver career gold.

Fortune

Tuesday briefing: Andy Burnham’s mysterious manoeuvres – and why he may have his eyes on No 10

The Manchester mayor has never been shy about his ambitions. But is he planning to capitalise on a weakening Starmer?

The Guardian - UK

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International Business Times

Carmakers To Push EU For 2035 Combustion-engine Ban Rethink

Europe's biggest carmakers are to hold talks with EU chief Ursula von der Leyen on Friday as the industry pressures the bloc to revise plans to end combustion-engine vehicle sales by 2035.

Fortune

The pragmatic generation: How will Gen Z transform the global workplace?

Work 15 hour-days and miss out on precious family time? That’s not Gen Z’s idea of getting ahead.

The Independent UK

Sick days reach 15-year high as average worker takes two weeks off per year

Workers have on average taken almost a fortnight off in sick days this past year, according to a new survey

Fortune

Nike’s ‘Why do it?’ campaign has a Gen Z twist—but branding experts are skeptical, saying it messes with one of the most iconic taglines in history

Nike just launched a new 60-second ad featuring Carlos Alcaraz, Saquon Barkley, Caitlin Clark, and LeBron James.

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news in one place.

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Fortune

Federal appeals court tariff ruling signals CFOs to 'plan for turbulence'

The decision on tariffs introduces fresh uncertainty, says Gregory Daco, EY-Parthenon chief economist.

Fortune

Gen Z is adopting 'career minimalism,' killing off the ladder for a 'lily pad' mentality, Glassdoor says

“Conscious unbossing” is becoming a way of life for Gen Z, but they will still accept a manager role for higher pay or a higher title.

Fortune

Gen Z wants to have their AI cake and eat it, too: KPMG intern survey reveals a generation that wants to have things both ways

They want to be in the office, and they dream of the death of the nine-to-five. They also want real mentorship—on their terms. But maybe they just want to be shown exactly what’s being asked of them.

The Guardian - UK

Scrapping of audit watchdog for English councils ‘led to soaring costs and chaos’

Highly critical report finds that instead of promised annual saving of £100m, fees have rocketed amid financial crisis

Fortune

Employers, beware: Gen Z is the 'pragmatic generation' redefining success, seeing money as just a means to an end, landmark survey says

“The idea that young adults are postponing adulthood is outdated,” EY’s Joe Depa says of his firm’s landmark Gen Z survey. “This generation is focused on long-term stability.”

The Guardian - UK

Nationwide boss’s £7m pay package declared ‘obscenity’ during AGM

Rise of 43% in Debbie Crosbie’s maximum payout approved at building society’s annual meeting despite criticism

The Independent UK

Retail profit warnings more than double as high street pressures mount – report

The report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth amid trade and geopolitical woes.

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