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The Latest Breaking News from EY

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

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

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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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

The Guardian - UK

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

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

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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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news in one place.

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Caixin Global

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

StockNews.com

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….

Birmingham Post

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

Newsroom.co.nz

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?

The Guardian - UK

‘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

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

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