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The Latest Breaking News from EY

Report finds Betsi Cadwaladr Health Board finance team members deliberately misrepresented accounts

'We believe there are very, very serious questions to be answered here'

Wales Online

Government eyes tougher response to PwC scandal

The federal government remains under pressure to ban contracts with consultancy giant PwC after the firm leaked confidential government information to clients.

AAP

Petrol and diesel retailers pump up profit margins; Europe approves Microsoft’s $69bn Activision Deal – as it happened

Fuel margins have increased across the retail market, but in particular for supermarkets, over the past four years, says competition watchdog

The Guardian - UK

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

People on the move: key North East appointments and promotions

Companies announcing new roles this week include Mincoffs, SPG Rescourcing, Swinburne Maddison, Seaward Electronic and Banks Renewables

Birmingham Post

Newcastle tech firm whyaye ltd acquired by accounting giant EY

The Ouseburn based business is to known as EY whyaye following the acquisition

Birmingham Post

Macron hails France's power to woo foreign investors for big industrial projects

French president Emmanuel Macron is scheduled to tour an aluminium factory in the northern city of Dunkirk on Friday to hail the region as a symbol of industrial recovery and highlight his country’s growing economic relevance as a venue for foreign investments.

Radio France Internationale

France tops European rankings on foreign investment in 2022

For the fourth consecutive year, France was the European country that received the most foreign investment last year, according to a survey by consultancy firm EY. Looking at the details though, these investments are leading to fewer job creations than in the UK or Germany. We speak to Pascal Cagni,…

France 24

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American worker productivity is declining at the fastest rate in 75 years—and it could see CEOs go to war against WFH

EY-Parthenon's Gregory Daco reveals what's going on with the American worker's worst slump of the post-World War II era. It's not all about remote work, he says.

Fortune

THG, Jet2 and Burnley FC: The 21 latest North West deals

BusinessLive has rounded up some of the latest top deals you should not miss

Birmingham Post

Just 31% of younger finance employees feel the CFO listens to them

A new report explains how CFOs can deliberately build a supportive environment.

Fortune

Profits warnings drop among Midlands firms - report

Latest Profit Warnings Report by EY-Parthenon says decrease is the lowest number of warnings since quarter two of 2021

Birmingham Post

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

Insider UK

List of companies and organisations which have left the CBI

The trade body claims to represent around 190,000 businesses across the UK.

The Independent UK

Three Northern Ireland business leaders reach EY Entrepreneur of the Year finals

They will go on to take part in the firm's 10-month programme, which includes a one-week CEO retreat in Singapore

Birmingham Post

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The Guardian - UK

EY tells UK staff to expect cuts after breakup failure

‘Embarrassed’ bosses at accounting firm sound warning as global costs of failed split reach $600m

The Guardian - UK

EY plan to break up consultancy and audit divisions blocked by US office

Accountancy firm confirms work has stopped on radical scheme after internal concerns about structure

Evening Standard

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

Fortune

The world of finance faces an ethics check

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

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news in one place.

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The Independent UK

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

Nottingham Post

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

Fortune

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.

Insider UK

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

Fortune

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.

Birmingham Post

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

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