London leads European investment despite wider UK decline Investing London retained its crown as the most attractive destination in Europe for foreign direct investment last year, despite a fall in UK projects and overall numbers across the continent tumbling. Greater London outperformed both the wider UK and Europe by recording a five per cent year on year increase in foreign direct investment (FDI) projects [...]
Job cuts at Big Four firms fuel worker burnout Prof Services Job cuts at professional services firms are resulting in overworked staff, but the pressures – combined with increased reliance on AI – risk damaging firms’ reputations through mistakes, writes Maria Ward-Brennan. The professional services industry, especially the Big Four giants, has faced its fair share of job cuts, with thousands of roles laid off in [...]
Deloitte set to boost UK staff bonuses and promotions Big Four Big Four giant Deloitte’s UK staff are set to be given higher bonuses and larger salary increases over the course of the year as the firm is set to surpass its profit targets. The firm’s UK chief executive, Richard Houston, said today that bonus funds would be upped by 14 per cent, while salaries would [...]
EY coughs up over £100m to settle NMC Health court conflict May 18, 2026 Big Four giant EY is understood to have paid over £100m to settle a High Court claim brought by former FTSE 100 company NMC Health that collapsed during a fraud scandal. Both EY and the healthcare provider reached a confidential agreement in February to settle the claims, which were brought four years ago against EY for [...]
European Aerospace, Defense Firms Advance Modernization May 14, 2026 Companies innovate with AI and new approaches to engineering and operations, ISG Provider Lens® report says
Britain is using AI, but wants a human boss May 6, 2026 Brits are rapidly folding AI into everyday life, but remain wary of letting it make decisions on its own, according to new EY research that points to a trust problem at the heart of the UK’s AI push. EY’s AI recent sentiment index found 74 per cent of UK consumers have used AI in the [...]
Motor finance provider faces administration amid £9bn redress fallout May 5, 2026 Blue Motor Finance is reportedly on the verge of administration after a series of financial setbacks and pressures stemming from the City regulator’s planned £9bn motor finance redress scheme. The independent motor finance provider is said to be facing a redress bill of over £50m, having lent over £1bn to over 120,000 customers – as [...]
‘Inflection point’: Challenger banks loan growth halved in 2025 May 5, 2026 Challenger banks have reached an “inflection point” after loan growth across the industry halved in the last year, a fresh report has warned. New analysis from Big Four firm EY showed lending growth across UK challenger, specialist and digital banks slowed to 4.5 per cent in 2025, down from 8.9 per cent. This came as [...]
Soho Square Agrees Exit of Investment in CreateFuture Following Period of Strong Growth April 30, 2026 Soho Square Capital LLP (“Soho Square”), an investment firm focused on financing established and growing UK and European SMEs, is pleased to announce that it has agreed to exit its investment in CreateFuture (the “Company”), a leading digital transformation consultancy, to Version 1, a global leader in digital transformation. The transaction is subject to customary [...]
Big Four giant EY set to bolster AI recruitment April 28, 2026 Big Four giant EY is moving to hire a new team of senior AI recruits across the UK and Ireland to work directly with clients, in a push to meet “growing demand” to use tech across the board. EY said the new hires, known as ‘forward deployed engineers’, will be working within client teams at [...]