EY to relocate 1,200 employees to new city office Property Professional services giant EY has revealed plans to relocate 1,200 employees in Birmingham to a new office. The move, scheduled for 2026, will see staff switch from One Colmore Square to Three Chamberlain Square, which is part of the Paradise Birmingham development. EY has been based at its office at One Colmore Square for the [...]
UK economy will ‘struggle’ to grow more than one per cent in 2025 Economics The Big Four firm slashed its 2025 growth projections to 1.0 per cent, down from the 1.5 per cent forecast back in October.
UK listed firms issued third-most profit warnings ever last year Economics One in five UK-listed companies issued a profit warning in 2024, according to EY, revealing the scale of the challenges facing the business community.
Further tax rises ‘a good bet’ after Chancellor’s borrowing blow January 22, 2025 Borrowing in the month of December was at its third highest level since monthly records began back in 1997, excluding only the pandemic and 2009.
Rising wages hit British strawberry growers January 13, 2025 The British berry growing industry has warned its future is under threat despite its value rising to £2bn for the first time. According to industry body British Berry Growers, rising energy costs and wage increases will continue to create ‘challenging circumstances’ for fruit farmers in 2025. The latest warning comes after the British Berry Growers [...]
Car insurers set to return to profit following record losses December 16, 2024 A report from accountancy giant EY estimates car insurers paid out 93p in claims and expenses for every £1 made in premiums in 2024.
Hunton Andrews Kurth raids EY for team of nearly two dozen lawyers December 10, 2024 Nearly a dozen lawyers have joined the City office of US law firm Hunton Andrews Kurth from Ernst & Young legal services arm, EY Law
Asda needs to ‘dig down into its soul’ and recover sense of purpose, say analysts December 9, 2024 Asda needs to “dig down into its soul” and reshape its pitch to customers if it wants to tackle the rising threat from the likes of Aldi and Lidl following a rollercoaster 2024, analysts have warned. The Leeds-headquartered supermarket giant has not been far from the headlines all year amid debt struggles, strikes, falling sales [...]
Big Four UK: 900 redundancies and counting over 2024 December 5, 2024 Over 900 roles were made redundant at the UK Big Four firms over 2024, as the accountancy giants lit up the headlines for a second year running
EY to cut 150 UK consultants as division head steps down December 1, 2024 Big Four accountancy firm EY is set to cut 150 roles in its UK consultancy division and replace one of its most senior executives amid a slowdown in demand. Cuts in the 4,700-strong unit are expected to impact managers, senior managers and directors, it is understood, which are the highest-paid roles below partner level. Meanwhile, [...]