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The Latest Breaking News from EY

Metro Bank to slash costs after £925m rescue deal

Lender confirms customers have started to pull money out amid worries over its financial health

The Guardian - UK

Metro Bank agrees rescue deal with investors

Lender secures £325m capital from new and existing shareholders and £600m of debt refinancing

The Guardian - UK

Beyond the PwC scandal, there’s a growing case for a royal commission into Australia’s ruthless corporate greed

Accounting and consulting group PwC has been front page news ever since its chief executive Tim Seymour stepped down “effectively immediately” in May, when the firm said it had “betrayed the trust” of Australians and promised an independent review of its governance, accountability and culture.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

Many Gen Zers have a full-time job and a side hustle, partly because they're wary of getting burned by their employers: ‘They've seen it happen to their parents, to millennials’

Gen Z sees side hustles as just a smart way to diversify their income streams and plan for a financial future.

Fortune

Gen Z can’t work alongside people with different views because they ‘haven’t got the skills to disagree,’ says British broadcasting boss

Channel 4's chief exec blames social media and the pandemic for Gen Z’s deficiency in essential workplace diplomacy.

Fortune

Mergers and acquisitions are becoming more science than art as CEOs turn to AI for answers

27% of CEOs are already making significant use of artificial intelligence as a part of their M&A process, and nearly half are making initial forays.

Fortune

Cyberattacks are constant and test even the best

We might be a small country, but experts say this could be our greatest tool in the fight against cybercrime.

Newsroom.co.nz

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Professional services firm to create 1,000 jobs in Northern Ireland

EY will establish a hub in the north-west of the country.

The Independent UK

One of Elon Musk's favorite video games taught him the 'life lesson' that 'empathy is not an asset.' It's the opposite of what most CEOs preach

Walter Isaacson’s new tome, on the world’s richest man, reveals Musk’s love for “Polytopia” and his credo to “play life like a game.”

Fortune

‘Sustainability is everybody’s business’: how your passion for change can build a better future

The headlines generated by the climate emergency can often leave us feeling powerless, but the increase in sustainability careers means you can make a difference

The Guardian - UK

Scotland must diversify from kilts and castles to maintain investment, say experts

SCOTLAND is continually beating the UK on foreign direct investment, but experts are urging the country to diversify investment origin – and to…

The National (Scotland)

Consultancy firm used ‘power maps’ of Australian officials to help win government contracts

Accenture’s Peter Burns tells Senate the documents identifying key decision-makers and influence leaders have been used to tender for work

The Guardian - AU

EY stands by its work on Victoria’s Commonwealth Games business case

Ernst & Young partner tells inquiry it used ‘same framework’ applied to other major events such as Melbourne Grand Prix

The Guardian - AU

Boards love CEO candidates with consulting experience—but there’s a catch

Fortune 500 companies are filled with CEOs who have consulting experience, but they also have other roles before they take the top job.

Fortune

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The Guardian - UK

CBI to step back early from top firms’ boardroom diversity initiative

High-profile companies reportedly discussed cutting ties with the business lobby group

The Guardian - AU

Senator responds to report – as it happened

This blog is now closed.

The Canberra Times

The ACT government's biggest 2022-23 contracts revealed

The government also entered into more than 1100 new contracts.

The Guardian - AU

Victoria paid EY more than $30m for Covid pandemic health projects

Public health expert says value of contracts cannot be assessed as they are described using ‘waffle words generated by the obfuscation machine’

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news in one place.

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Fortune

Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

The Guardian - UK

Can Britain recreate a microchip industry worth its salt?

UK governments let processor manufacturing drift overseas for years. Now Covid and war have shown how vital homegrown capability is, the country is scrambling to catch up. But so is everyone else

Fortune

The FIRE movement is soaring in popularity–but early retirees report feeling lost and unfulfilled

While many aspire to reach financial independence early and enjoy a longer retirement, they often don’t consider the impact it will have on their lives.

Newsroom.co.nz

'It's going to be messy': Banks underestimate threat of climate change

Modelling the impact of rising temperatures is an 'ongoing and living exercise', banks acknowledge. But climate planning experts say they're being complacent. Emma Ricketts reports.

The Guardian - AU

Morning Mail: consultants criticised over gas plan role, ‘ghost flights’ revealed, France to face Australia in World Cup quarter-final

EY did not disclose work for gas giant to NSW officials; Qatar Airways exploits loophole with ‘ghost flights’

The Guardian - AU

Consulting firm EY worked for gas giant Santos while advising NSW on gas policy

Exclusive: Consulting firm did not disclose Santos work before being paid to assist the government’s ‘future of gas statement’ that paved way for Narrabri gas development

The Guardian - UK

Britishvolt buyer yet to make final payment in deal to rescue battery firm

Administrators say Recharge Industries is in default of sale agreement, which parent firm denies

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