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The Latest Breaking News from EY

1 Artificial Intelligence Stock That's Set to Soar in 2023

With a stable business model, steady free cash flow, and future orientation, International Business Machines (IBM) is expected to keep shining brighter than “big tech” in the year ahead. Read on….

StockNews.com

Britishvolt sold for just £8.6m after racking up losses of more than £150m

The huge scale of the company's debts before it went into administration have been revealed

Birmingham Post

The questions over government contractors and consultants

Government spending on consultants and contractors is back in the news - but what are they actually paid to do?

Newsroom.co.nz

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‘There’s a massive opportunity for the UK’: why technical skills are crucial for inward investment

When it comes to securing international backing, workforce skills are now more important than ever for Britain – that’s why WorldSkills UK, a partnership between education, industry and UK governments, is seeking to raise standards in apprenticeships and technical education across the nation

The Guardian - UK

The real problem is consultants' influence, not their cost

Consultants are integral to policy development and delivery and though they make significant profits from public spending, they perform important work, write Associate Profs Russell Prince, Tom Baker and Nicolas Lewis

Newsroom.co.nz

Deloitte CEO in thinly veiled criticism of EY after rival’s split plans thrown into chaos

Joe Ucuzoglu posts 20-minute video to Deloitte’s public website

The Guardian - UK

Fresh clouds for Darktrace as New York hedge fund claims concerns borne out

Darktrace suffered another blow today after the New York-based investment business which earlier produced a short-seller report into the cybersecurity firm said its results failed to address its concerns.

Evening Standard

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St James’s Place eyes future growth after ‘challenging backdrop’ in 2022

The FTSE 100 firm said its underlying cash had reached an all-time high and it had continued to attract new business flows despite rising inflation, geopolitical uncertainty and investment market volatility

Birmingham Post

Olympic sailing star rides winds of change

Olympic silver medallist sailor Alex Maloney has broadened her horizons - both on and off the water, with new crewmates and new career opportunities. But a third Olympics beckons, Suzanne McFadden writes.

Newsroom.co.nz

South West to be UK’s third-fastest growing region, EY report finds

Research from the financial services giant has forecast two South West cities will be among the UK’s top cities for employment growth between 2024-26

Birmingham Post

London to see shallowest downturn of any region in 2023 says EY report

London also expected to enjoy fastest growth in UK from 2024 to 2026

Evening Standard

China instructs state firms to phase out big four auditors

Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expire

The Guardian - UK

Darktrace hires EY to review finances after short-seller attack

Cybersecurity company defends against criticism from hedge fund Quintessential and others

The Guardian - UK

‘Quantumania’ is taking over. Here’s where we stand in the real ‘quantum realm’

A Quantumania-inspired tour of the technologies and possibilities of quantum science.

Fortune

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Evening Standard

EY resigns as auditor for consultancy MJ Hudson amid “lost trust” in management

“We have lost trust and confidence in the company’s management,” the accounting giant said

Fortune

The CEO contradiction: Corporate leaders are afraid of a recession but nearly 70% plan to hire more people this year

While most CEOs are preparing for a recession, they’re also hoarding talent. “Employees may be able to breathe a sigh of relief,” says Dana Peterson, the Conference Board’s chief economist.

Fortune

EY: 97% of CEOs have changed their investment strategy in response to geopolitical challenges–and almost a third already halted a project

Restrictive policies have supplanted COVID-19-related issues as the key reason for altering international investment plans, according to EY's research.

Evening Standard

Aussie firm lands Britishvolt after nod from Ian Botham

AN Australian start-up company today emerged as the preferred bidder for what is left of the collapsed electric vehicle firm Britshvolt.

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Birmingham Post

Britishvolt is sold to Australian firm Recharge Industries after going into administration

The Australian startup will now bid to revive the plans which would have brought thousands of jobs to Northumberland

Chronicle Live

Northumberland jobs hope as Britishvolt sold to Australian firm

Recharge Industries said it "can't wait to get started" on the project after Britishvolt went into administration

The Guardian - UK

Private equity firm in talks to buy collapsed startup Britishvolt

Greybull Capital considering bid as administrators at EY try to push through sale of gigafactory project

Birmingham Post

Founder of Britishvolt to bid for collapsed battery startup, reports claim

Former CEO and founder Orral Nadjari left last year but is said to be interested in the firm's battery technology

Birmingham Post

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include onHand, Media Borne, NBS, and Northumberland Restaurant Company

The Guardian - UK

Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year

Several bids are understood to have been made for assets of failed electric vehicle battery startup

The Independent UK

Ministers will look ‘seriously’ at any credible Britishvolt takeover bids

Britishvolt collapsed into administration a week ago, making the majority of its roughly 300 workers redundant.

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