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The Latest Breaking News from EY

Telos Registers 10% Revenue Decline In Q1; Reaffirms FY22 Guidance

Telos Corp (NASDAQ:TLS) reported a first-quarter FY22 revenue decline of 10% year-on-year to $50.2 million. Services revenue declined 7.6% Y/Y to $48.1 million. The gross margin expanded by 1,160 bps to 37.6%. Adjusted EPS loss was $(0.01). Telos generated $0.25 million in operating cash flow in the quarter and held $120.2 million in…

Benzinga

Listed: Bosses at EY, Diageo, BBC, PwC among 29 of the UK's most powerful part-time workers

The 2022 Power List by flexible working agency Timewise highlights people who are building their careers while working part time

Birmingham Post

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

The Guardian - AU

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read the most diverse news in one place.

GCHQ deputy directors on new list highlighting successful part-time workers

Part-time workers come from a skilled and vital pool of talent, a report says.

The Independent UK

'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing

Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans, and raked in big profits as Australians took on massive home loans.

ABC News

Wheatley appoints new chief executive

Scottish housing and property management organisation's previous boss stepped down after more than 11 years

Insider UK

The rise and rise of EY

EY became the consultancy of choice for DHBs. David Williams follows the money

Newsroom.co.nz

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Revealed: The number of profit warnings issued by listed companies in the Midlands and how they compare

There are warnings that inflation could peak at 9 per cent or even hit double digits in the autumn

Birmingham Post

Profit warnings surge as cost inflation hits UK firms

A record 43% of listed companies who warned prices could be lower than anticipated said it is due to rising costs.

The Independent UK

Partner promotions at Squire Patton Boggs and more appointments news

New pensions chief, M&A expert joins EY and new faces at Black Country stationery firm

Birmingham Post

'Great resignation' appears to be hastening the exodus of US and other Western companies from Russia

Companies across the globe are fleeing Russia in an unprecedented display of corporate solidarity with their governments, appalled over the invasion of Ukraine. Over 750 multinational businesses so far have said they’re curtailing, suspending or severing ties to Russia, more than triple the number that abandoned South Africa over apartheid…

The Conversation

London Stock Exchange sees big fall in value of fundraising from flotations

Research from EY shows a slow start to exchanges globally.

Birmingham Post

Administrators for old Flybe look to claw cash from new Flybe

Administrators for old Flybe, now named FBE Realisations and with debts of £650m, monitor new Flybe Ltd as it starts services

Birmingham Post

UK IPOs hit the buffers as global uncertainty weighs on confidence

The war in Ukraine, high energy and commodity prices mean volumes are just 7% of last year’s total

Evening Standard

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Birmingham Post

EY to create 340 new jobs in Birmingham as it pledges to treble its headcount by 2026

EY wants to increase its consulting headcount in the West Midlands to around 500 over the next four years

ABC News

The show must go on: How Australia’s performing arts sector has survived two years of COVID

After two years of cancellations and billions of dollars lost, we take stock of the long-term impacts of COVID-19 on Australia’s performing arts and the challenges ahead.

Radio France Internationale

Costly consultancy fees put Macron on backfoot ahead of elections

French President Emmanuel Macron is under fire over his government's use of around one billion euros of public money on management consultants, notably a US corporation which has allegedly avoided pay tax here in France.

Evening Standard

Brexit job losses lower than expected as impact on the City fades, says EY

The Brexit jobs exodus that never happened

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The Guardian - UK

Stock markets rally on Russia-Ukraine talks, oil prices dip – as it happened

Investors cheered by signs of progress in peace talks, while UK grocery inflation hits 11-year high amid cost of living crisis

Evening Standard

City backs London for jobs, says EY Brexit Tracker

The Brexit jobs exodus that never happened

Birmingham Post

People on the Move: Top North East appointments and promotions of the week

Companies announcing new arrivals and promotions this week include UNW, Turntide Technologies and R3

Birmingham Post

Accountancy giant EY to relocate Liverpool office to Albert Dock

EY said it expects to move into the new office space by the spring

The New Daily

Unemployment is at historic lows, but job market conditions aren’t as strong as they seem

Unemployment is at historic lows. But beneath the headlines and business anecdotes lies a more complicated picture of the labour market.

The Guardian - UK

Big four accountancy firms cut off businesses in Russia and Belarus

EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasion

The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

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