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The Latest Breaking News from EY

London will lose “to New York, Hong Kong and Shanghai for years to come” warn City bosses

Just five floats so far this year raise puny £81m

Evening Standard

The world of finance faces an ethics check

No sentiment has been more palpable recently than a general distaste of bankers and their ethics.

Fortune

EY fined over audits of failed German payments firm Wirecard

The German arm of EY has been fined 500,000 euros after acting as the auditor for collapsed payments company Wirecard and barred from auditing certain kinds of companies for two years

The Independent UK

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Review findings to check for manipulation of Nottingham City Council’s accounts due ‘in couple of weeks’

It follows the uncovering of millions of pounds in wrongful spending from the Labour-run authority’s Housing Revenue Account in 2021

Nottingham Post

Future of Finance: EY’s Brody on why tech history shows ‘there can be only one winning blockchain’

From wireless data to 3D printing to IoT, Paul Brody says he's always been "very driven by intellectual curiosity."

Fortune

Career experts are convinced Ivy League degrees are worth it –despite the eye-watering price tag

A raft of Ivy League schools have upped their fees again this year –but experts say it's worth it for this reason.

Fortune

Scottish economy expected to return to growth in 2024

Projections suggest Scottish GVA will fall by 0.6% during 2023, largely within in the first six months

Insider UK

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High rates, investor-friendly deals, and bad news for regional hubs: What the end of the bull run means for venture capitalists and entrepreneurs

Several regional markets were on the rise prior to the market slowdown–things will change, says EY's U.S. venture capital leader Jeffrey Grabow.

Fortune

Social housing provider Mears Group forced to delay financial results

The Gloucester-based firm said the hold-up was due to ‘unanticipated’ absence of a senior auditor

Birmingham Post

U.S. Audit Watchdog to Start New Round of Inspections in Hong Kong

Reviews will involve work of EY, Deloitte, PwC and others in HK and on mainland with officials from CSRC and Finance Ministry assisting

Caixin Global

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

‘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

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Newsroom.co.nz

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

The Guardian - UK

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

Evening Standard

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.

Birmingham Post

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

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Newsroom.co.nz

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.

Evening Standard

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

Birmingham Post

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

The Guardian - UK

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

Fortune

‘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.

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

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