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The Latest Breaking News from EY

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

Birmingham Post

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.

The Independent UK

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

Birmingham Post

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'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…

The Conversation

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

Birmingham Post

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

Evening Standard

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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

Birmingham Post

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.

ABC News

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.

Radio France Internationale

Brexit job losses lower than expected as impact on the City fades, says EY

The Brexit jobs exodus that never happened

Evening Standard

Stock markets rally on Russia-Ukraine talks, oil prices dip – as it happened

Investors cheered by signs of progress in peace talks, while UK grocery inflation hits 11-year high amid cost of living crisis

The Guardian - UK

City backs London for jobs, says EY Brexit Tracker

The Brexit jobs exodus that never happened

Evening Standard

People on the Move: Top North East appointments and promotions of the week

Companies announcing new arrivals and promotions this week include UNW, Turntide Technologies and R3

Birmingham Post

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Birmingham Post

Accountancy giant EY to relocate Liverpool office to Albert Dock

EY said it expects to move into the new office space by the spring

The New Daily

Unemployment is at historic lows, but job market conditions aren’t as strong as they seem

Unemployment is at historic lows. But beneath the headlines and business anecdotes lies a more complicated picture of the labour market.

The Guardian - UK

Big four accountancy firms cut off businesses in Russia and Belarus

EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasion

The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

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The Guardian - UK

How are western firms with Russian interests reacting to sanctions?

Lawyers, spin doctors and accountants representing super-rich are scrambling to reduce exposure to Russian market

Birmingham Post

Software provider to EY, IHG and King's College London completes acquisition of Slovakia firm

AppLearn recently announced plans to create 60 North West jobs

Birmingham Post

Survey points to fresh worries over health of North East economy

NatWest North East Business Activity Index has fallen for three months in a row - bucking a positive national trend

Birmingham Post

Neil Gibson to take up Permanent Secretary role at Northern Ireland Department of Finance

Professor Gibson is currently Chief Economist at EY in Ireland

Evening Standard

Unilever is not alone: More and more CEOs are clashing with investors over ESG plans

Unilever is not the only UK business getting flak from investors over ESG.

USA Today Sports Media Group

Sam Mills, LeRoy Butler, Richard Seymour, Cliff Branch, Tony Boselli among 2022 Hall of Fame inductees

The Pro Football Hall of Fame has announced its Class of 2022, with eight new members to be inducted in Canton.

The Guardian - UK

UK house prices hit record high but slowdown looms; eurozone bond yields rise – as it happened

Rolling coverage of the latest economic and financial news

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