EY Cambridge continues investment in graduate and apprenticeship talent
EY’s Cambridge office has welcomed 24 new graduates and apprentices, continuing the firm’s investment in its regional business and its commitment to nurturing early talent. This represents an increase of more than 33% on last year’s figures.
The economy saw some revival in August – EY ITEM Club comments
A 0.4% month-on-month (m/m) rise in GDP in August was a welcome improvement on the previous month’s small contraction, which was revised down. The August rise left the economy only 0.8% short of its pre-pandemic size. However, the economy faces headwinds which will make the remaining shortfall harder to make up.
Record-breaking IPO activity in Q3 as year-to-date funds raised exceed 2020 total
Listing activity on the London markets has maintained the momentum witnessed during the first half of the year, with a record-breaking quarterly performance on both the Main Market and Alternative Investment Market (AIM), according to EY’s, IPO Eye.
Physical retail still vital path to purchase for digital home consumers, despite accelerating digitisation
Even as the world moves at breakneck speed toward digital adoption – compounded by national lockdowns across the globe – the fourth chapter of EY study, Decoding the digital home, reveals that bricks and mortar retail remains a crucial part of the customer journey for digital home users.
UK economy growing at the fastest pace in 80 years, as EY ITEM Club upgrades growth forecast again
The UK’s economic growth prospects have again been upgraded in the latest EY ITEM Club forecast, published today.
EY in Cambridge announces Associate Partner promotion
EY has announced a senior appointment to its Cambridge office. Chris Atkinson has been promoted to the role of Associate Partner in Assurance, reinforcing the firm’s continued investment in its regional business and commitment to nurturing home grown talent.
UK shoppers say high prices and product confusion stop them shopping more sustainably, EY survey finds
UK consumers’ interest in sustainable products has risen significantly, according to the latest EY Future Consumer Index, with more than a quarter (28%) saying they have increased their purchase of sustainable products over the course of the pandemic and a third (34%) plan to increase this after the pandemic.
EY supports successful Founders4School Digital Boost programme
Founders4Schools (F4S), an award-winning educational-tech charity, has celebrated the success of its latest Digital Boost initiative, helped by several professional service businesses across the country.
UK business investment enters COVID-19 recovery with a positive outlook, says the EY ITEM Club
The outlook for UK business investment is potentially very positive as the economy recovers from the impact of COVID-19, according to a new report by the EY ITEM Club.
EY survey reveals UK households need more than broadband speed promise
While 66% of households believe network operators have coped well during the COVID-19 pandemic, the second chapter of EY study, Decoding the digital home, reveals a disconnect between what connectivity providers offer and what customers need.
UK remains Europe’s most attractive destination for financial services investment, but gap with France has narrowed
The UK continues to be Europe’s most attractive location for international investment into financial services, according to EY’s latest UK Attractiveness Survey for Financial Services, attracting 56 projects in 2020. However, this was 43 projects lower than in 2019 and the gap with the second largest recipient of investment – now France – has narrowed.
Five East of England entrepreneurs announced as EY Entrepreneur of the Year™ 2021 regional finalists
EY has announced the regional finalists for its Entrepreneur of the Year UK programme, including five entrepreneurs from East of England-based businesses.
East of England sees Foreign Direct Investment activity rise by a third in 2020 while overall UK activity falls
The East of England recorded the largest increase in inbound Foreign Direct Investment (FDI) projects out of all parts of the UK in 2020, with the number of overseas-backed projects in the region rising 35% to 54 from 40 in 2019, according to the EY 2021 UK Attractiveness Survey which launched today.
Strong economic recovery lowers forecast for business borrowing in 2021 by £7bn
UK firms are now expected to borrow a net £19bn this year – £7bn less than forecast in February – as the economy rebounds quicker than anticipated and the demand for loans to support cashflow reduces, according to the latest EY ITEM Club Interim Bank Lending Forecast.
Businesses shun litigation for conciliation amid pandemic – but a rise in legal claims in 2021 is likely, finds EY research
UK businesses have avoided using litigation to resolve commercial disputes during the COVID-19 pandemic, instead turning to negotiation and mediation, according to new research published today by EY.
Hospitality’s post-COVID-19 spending bounce back may not arrive until late summer, EY survey finds
There is significant pent-up consumer demand for hospitality and leisure, but the majority of UK consumers are still hesitant to return to restaurants and bars as they emerge from lockdown, according to the latest EY Future Consumer Index.
UK achieves its strongest Q1 IPO performance in 14 years, finds EY
UK listings experienced a very strong start to the year with more funds raised in the opening quarter of 2021 than in any other opening quarter since 2007, and the most raised in a single quarter since 2014, according to the latest EY IPO Eye.
Tax Day: EY comments on the release of Tax Policies and Consultations documents
Stuart Wilkinson, Head of Tax at EY in the East of England, comments: “Tax Policies and Consultations Day represents a welcome innovation in the UK’s well-regarded tax policy making process. Releasing a suite of forward-looking consultation documents on a single day, the date of which is announced in advance, reinforces the importance that the Government rightly places on meaningful…
Post COVID-19 spending bounce back set for late summer, says EY
The latest EY Future Consumer Index shows UK consumers have big plans to spend post-COVID-19 and have three basic needs – a holiday, haircut and a day out. However, short-term anxiety remains around returning to non-essential retailers on 12 April.
East of England profit warnings increase by 30% year-on-year – EY Profit Warnings Report
The East of England recorded a 30% increase in the number of profit warnings issued by listed businesses in 2020, when compared to 2019, according to data from the latest EY Profit Warnings Report.
UK economy could avoid a double-dip recession after resilient performance in November, reveals latest EY ITEM Club forecast
The UK economy looks likely to avoid a double-dip recession thanks to a better-than-predicted performance in November 2020, according to the EY ITEM Club’s Winter Forecast, published today.
EY Cambridge welcomes James McElhone as a new Partner in Consulting
EY has announced the appointment of James McElhone, who joins the business as a Partner to head up the Consulting team in Cambridge, with a regional and national remit working with privately owned and listed businesses, including those operating in the Life Science sector.
Competition for investment is set to intensify as UK IPO activity is predicted to surge in 2021
Competition for investment is set to intensify after the UK markets closed last year with a flourish of activity, which is predicted to continue in 2021, according to EY’s latest market tracker IPO Eye.
EY continues to invest in the regions, supporting its people, clients and local communities
East of England, 17 December 2020 - Following a strong performance over the first nine months of its financial year, pre COVID-19, EY has reported 5% UK revenue growth and hired over 3,000 people as the firm continues to invest in talent, technology and audit quality.
East of England on track for slow recovery led by Health and Education sectors, finds latest EY report
The economic growth of England’s cities and the South is on track to outpace towns, the North and the Midlands as the country recovers from the COVID-19 pandemic, according to EY’s latest Regional Economic Forecast.