Arrival: The full story of how a £9bn electric vehicle firm collapsed into administration April 11, 2024 The full story of how the UK businesses of electric vehicle company Arrival collapsed into administration owing more than £1bn has been revealed for the first time.
PWC thought about EY-style split – and thought better of it March 17, 2024 Outgoing PWC UK chairman Kevin Ellis said his decision not to split the firm paid off during the pandemic
EY’s incoming chief Janet Truncale names four global bosses in new leadership team March 13, 2024 Truncale has names four global managing partners, adding that the wider global executive team will be “the same size or smaller” in the future
Britishvolt owner hit with £8m bill over alleged tax avoidance in Australia February 25, 2024 The new owner of failed battery start-up Britishvolt faces a near £8m tax bill in his home country of Australia, where one of his companies has been accused of having "an intentional disregard of a taxation law".
EY warning: Higher interest rates could cost UK firms £25bn over next three years February 6, 2024 Luke Reeve, partner and head of debt advisory at EY, said the adjustment will be "untenable" for some.
EY is latest to start monitoring attendance of UK employees January 29, 2024 EY has become the latest to monitor its UK employees’ office attendance in order to see if staff are aligned with its hybrid working guidelines. According to the Financial Times, the Big Four firm is recording the swipe card entry of staff to show how frequent they are attending its offices. The data is being [...]
Big companies at risk as nearly a fifth of listed firms issue profit warnings in 2023 January 29, 2024 In the final quarter of last year, listed companies issued 77 profit warnings according to EY's profit warnings monitor.
EY quits as Asda’s auditor amid criticism of Issa brothers January 28, 2024 Big Four accountant EY quit as Asda's auditor last summer in another blow to co-owners Moshin and Zuber Issa.
KPMG: Big four firm to freeze pay for 12,000 jobs as services slowdown continues November 24, 2023 Big four firm KPMG has announced it will freeze the pay of 12,000 staff, as the services sector continues to be hit by a major slowdown. The freeze was first reported by the FT, with staff only getting a pay boost if they get a formal promotion, ahead of the Christmas break. Partners at KPMG [...]
EY reviews London office headquarters as lease renewal nears November 21, 2023 EY has launched a property review of its London headquarters as the Big Four firm prepares for the end of its lease. According to The Telegraph, the firm launched a review of its More London office, near London Bridge, as its 25-year lease on the building expires in 2028. Its More London office spans across [...]