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EY | News | Crisis

An overview of global EY news:

United Kingdom

UK-listed profit warnings fall year-on-year for first time since 2021 Profit warnings issued by UK-listed companies has fallen year on year, for the first time since 2021.
03 November 2023
Canada

More than half of Canadians say inflation making it harder to afford things More than half of Canadians (53%) say the rising cost of goods and services is making it more difficult to afford things, according to recent survey from EY Canada.
05 May 2022
Europe

Global consulting firms respond to Russia’s invasion of Ukraine Many of the world’s largest consultancies have now severed ties with Russia following the country’s invasion of Ukraine, while working to support their staff and others caught in the cross-hairs.
08 March 2022
United Kingdom

Professional services firms under pressure to cut Russia ties Under pressure to sever ties with Russia, several of the world’s largest professional services firms have closed their Russian offices.
07 March 2022
United Kingdom

Just quarter of diners comfortable with eating in restaurants A surge in popularity for home cooking, and lingering fears regarding the public health emergency of Covid-19 mean that the majority of British consumers are unlikely to return to restaurants any tim
04 September 2020
Canada

Majority of Canadians plan to spend less on non-essential goods Fifty-five percent of Canadian consumers plan to decrease spending on non-essential goods and services, according to an April survey from EY.
03 September 2020
India

Indian professionals have come to embrace working from home EY surveyed more than 2,000 professionals in India, and found that nearly 95% are now used to working from home, with around 40% actually branding it as a positive.
31 August 2020
United Kingdom

16 consulting firms awarded government coronavirus contracts The UK Government has once again come under fire for its spending on private consulting contractors, after it emerged the industry had received contracts worth £56 million to help with the national r
24 August 2020
Asia

SEA deal activity by private equity and venture capital on a slide Investments made by private equity (PE) and venture capital (VC) across Southeast Asia (SEA) has slowed considerably in the first quarter, amid the Covid-19 pandemic-led crisis.
08 July 2020
India

How PwC, Deloitte, EY and KPMG are cutting employee costs As the consulting sector looks to navigate the challenging circumstances, the Big Four in India are making a number of adjustments to their employee costs in order to weather the storm.
18 June 2020
Canada

EY Canadian Mining Eye index drops 29% in first quarter of 2020 The EY Canadian Mining Eye index saw a substantial 29% decline in Q1 2020 over Q4 2019, which had seen a previous 11% gain.
20 May 2020
Netherlands

EY asks partners to beef up firm's cash buffers with millions The board of EY in the Netherlands has asked the roughly 260 local partners of the firm to beef the firm’s financial buffers.
14 May 2020
Australia

Covid-19's supply chain disruption may trigger onshoring trend Supply chain disruptions stemming from Covid-19 should prompt Australian manufacturers to re-evaluate their production footprint in the long term.
11 May 2020
Australia

Covid-19 cost-cutting response of PwC, Deloitte, EY and KPMG Big Four accounting and advisory firms are embarking on cost-cutting measures while trying to minimalise job cuts, according to new reports from Livemint.
23 April 2020
Asia

EY teams up with SAP and Qualtrics on coronavirus solutions for government In a collaboration between EY, SAP, and Qualtrics, a new set of customised solutions have been developed to aid governments in combatting the global coronavirus pandemic.
23 April 2020
South Africa

The way forward for South Africa's economy post Covid-19 Johannesburg business advisory firm e-SEK has weighed in on discussions around the way forward for South Africa’s economy, as it reels from disruption caused by the Covid-19 crisis.
16 April 2020
South Africa

EY South Africa leader on Covid-19's transformational power The Covid-19 crisis will change the business environment for good, according to Partner & Growth Markets Leader at EY South Africa Azim Omar.
14 April 2020
Australia

Consulting firms slashing pay and laying off staff to stay adrift Earlier confident they could withstand the business threat from the coronavirus outbreak, Australia’s leading professional services firms have now been forced into action.
06 April 2020
United States

Capital strategies shifting as Covid-19 impacts global economy Over half of global executives are being forced to reconfigure their operations as Covid-19 pressures supply chains, revenue, and profitability – according to the 22nd annual EY Global Capital Confid
02 April 2020
Singapore

EY leaders praise Singapore government's $48 billion COVID-19 package A number of senior leaders from professional services firm Ernst & Young have joined together in unanimous praise of the Singapore government’s latest COVID-19 response package.
02 April 2020
India

Big Four make financial adjustments in light of Covid-19 Big Four accounting and advisory firms are embarking on cost-cutting measures while trying to minimalise job cuts, according to new reports from Livemint.
01 April 2020
United States

EY: Five strategies for businesses to lessen coronavirus impact As Covid-19 locks down countries and strangles markets, consulting firm EY offers five ways for global companies to muffle the impact of the health crisis.
17 March 2020
Asia

Consultancies defy reputation by restricting travel in coronavirus response A notoriously mobile industry is being grounded by the lethal coronavirus epidemic in China, with the accounting and consulting Big Four among those forced into action.
31 January 2020
Australia

Big Five consultancies rally at a time of need for Australia The Big Five consulting firms are rallying around as Australia faces a monumental crisis.
13 January 2020
United Kingdom

First half of 2019 sees spurt in company profit warnings Sustained Brexit uncertainty is hitting the UK’s keystone industries hard, as delayed or discontinued have been shown to have hit the country’s chemical sector.
23 July 2019
United Kingdom

E&Y and KPMG: Car industry in biggest crisis ever since '93 The European automobile industry is experiencing the biggest crisis since 1993. The demand for new cars in recession-bound Europe fell by 17% last year, the biggest annual drop since 16.
25 February 2013

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