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The Latest Breaking News from EY

‘Resilient’: Consumers help economy weather Omicron, floods as household outlook sours

Australian households spent more money eating out and traveling the country over the March quarter, helping the national economy weather disruptions.

The New Daily

Midlands shows strong performance for FDI projects - report

Annual survey from EY says both the West and East Midlands saw their number of FDI-backed projects growing at a faster rate than the rest of the UK

Birmingham Post

10,000 Scottish jobs have been created by foreign investors

122 inward investment projects were secured in Scotland in 2021 - up 107 from 2020 - maintaining position as top UK location outside London

Insider UK

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

Inside EY’s break-up plan: why it could radically reshape the Big Four

Splitting the audit and advisory businesses faces significant hurdles but other firms could follow

Financial Times

Big 4 Accounting Firm Ernst & Young Considers Separating Audit and Advisory Businesses: WSJ

Big Four accounting firm Ernst & Young is considering a global split of its audit and advising businesses amid regulatory scrutiny of potential conflicts of interest in the profession,

Benzinga

EY plans to spin off audit business in shake-up for industry

Move follows series of high-profile corporate collapses including Carillion and BHS

The Guardian - UK

The world's car buyers are ready to go electric

More than half of global buyers say their next car will be electric.

Axios

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16 Midlands business leaders in the running for Entrepreneur of the Year UK title

The regional finalists will now go on to compete for the UK title

Birmingham Post

Telos Registers 10% Revenue Decline In Q1; Reaffirms FY22 Guidance

Telos Corp (NASDAQ:TLS) reported a first-quarter FY22 revenue decline of 10% year-on-year to $50.2 million. Services revenue declined 7.6% Y/Y to $48.1 million. The gross margin expanded by 1,160 bps to 37.6%. Adjusted EPS loss was $(0.01). Telos generated $0.25 million in operating cash flow in the quarter and held $120.2 million in…

Benzinga

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

Birmingham Post

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Guardian - AU

GCHQ deputy directors on new list highlighting successful part-time workers

Part-time workers come from a skilled and vital pool of talent, a report says.

The Independent UK

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans, and raked in big profits as Australians took on massive home loans.

ABC News

Wheatley appoints new chief executive

Scottish housing and property management organisation's previous boss stepped down after more than 11 years

Insider UK

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news in one place.

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Newsroom.co.nz

The rise and rise of EY

EY became the consultancy of choice for DHBs. David Williams follows the money

Birmingham Post

Revealed: The number of profit warnings issued by listed companies in the Midlands and how they compare

There are warnings that inflation could peak at 9 per cent or even hit double digits in the autumn

The Independent UK

Profit warnings surge as cost inflation hits UK firms

A record 43% of listed companies who warned prices could be lower than anticipated said it is due to rising costs.

Birmingham Post

Partner promotions at Squire Patton Boggs and more appointments news

New pensions chief, M&A expert joins EY and new faces at Black Country stationery firm

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The Conversation

'Great resignation' appears to be hastening the exodus of US and other Western companies from Russia

Companies across the globe are fleeing Russia in an unprecedented display of corporate solidarity with their governments, appalled over the invasion of Ukraine. Over 750 multinational businesses so far have said they’re curtailing, suspending or severing ties to Russia, more than triple the number that abandoned South Africa over apartheid…

Birmingham Post

London Stock Exchange sees big fall in value of fundraising from flotations

Research from EY shows a slow start to exchanges globally.

Birmingham Post

Administrators for old Flybe look to claw cash from new Flybe

Administrators for old Flybe, now named FBE Realisations and with debts of £650m, monitor new Flybe Ltd as it starts services

Evening Standard

UK IPOs hit the buffers as global uncertainty weighs on confidence

The war in Ukraine, high energy and commodity prices mean volumes are just 7% of last year’s total

Birmingham Post

EY to create 340 new jobs in Birmingham as it pledges to treble its headcount by 2026

EY wants to increase its consulting headcount in the West Midlands to around 500 over the next four years

ABC News

The show must go on: How Australia’s performing arts sector has survived two years of COVID

After two years of cancellations and billions of dollars lost, we take stock of the long-term impacts of COVID-19 on Australia’s performing arts and the challenges ahead.

Radio France Internationale

Costly consultancy fees put Macron on backfoot ahead of elections

French President Emmanuel Macron is under fire over his government's use of around one billion euros of public money on management consultants, notably a US corporation which has allegedly avoided pay tax here in France.

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