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The Latest Breaking News from EY

‘Quantumania’ is taking over. Here’s where we stand in the real ‘quantum realm’

A Quantumania-inspired tour of the technologies and possibilities of quantum science.

Fortune

EY resigns as auditor for consultancy MJ Hudson amid “lost trust” in management

“We have lost trust and confidence in the company’s management,” the accounting giant said

Evening Standard

The CEO contradiction: Corporate leaders are afraid of a recession but nearly 70% plan to hire more people this year

While most CEOs are preparing for a recession, they’re also hoarding talent. “Employees may be able to breathe a sigh of relief,” says Dana Peterson, the Conference Board’s chief economist.

Fortune

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read the most diverse news in one place.

EY: 97% of CEOs have changed their investment strategy in response to geopolitical challenges–and almost a third already halted a project

Restrictive policies have supplanted COVID-19-related issues as the key reason for altering international investment plans, according to EY's research.

Fortune

Aussie firm lands Britishvolt after nod from Ian Botham

AN Australian start-up company today emerged as the preferred bidder for what is left of the collapsed electric vehicle firm Britshvolt.

Evening Standard

Britishvolt is sold to Australian firm Recharge Industries after going into administration

The Australian startup will now bid to revive the plans which would have brought thousands of jobs to Northumberland

Birmingham Post

Northumberland jobs hope as Britishvolt sold to Australian firm

Recharge Industries said it "can't wait to get started" on the project after Britishvolt went into administration

Chronicle Live

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Private equity firm in talks to buy collapsed startup Britishvolt

Greybull Capital considering bid as administrators at EY try to push through sale of gigafactory project

The Guardian - UK

Founder of Britishvolt to bid for collapsed battery startup, reports claim

Former CEO and founder Orral Nadjari left last year but is said to be interested in the firm's battery technology

Birmingham Post

North East deals of the week: key contracts, investments and acquisitions

Companies featuring in this week's round-up include onHand, Media Borne, NBS, and Northumberland Restaurant Company

Birmingham Post

Britishvolt ‘collapsed owing £120m’ as UK car industry reports dismal year

Several bids are understood to have been made for assets of failed electric vehicle battery startup

The Guardian - UK

Ministers will look ‘seriously’ at any credible Britishvolt takeover bids

Britishvolt collapsed into administration a week ago, making the majority of its roughly 300 workers redundant.

The Independent UK

Australian startup tables bid for Britishvolt to revive £3.8bn gigafactory ambitions

Recharge Industries is reported to be up against competition from 12 other bidders for the collapsed electric battery business

Birmingham Post

Britishvolt: Australian startup tables bid for collapsed North East battery business

The founder of Recharge Industries is reported to be visiting the Blyth site and meeting Government officials

Chronicle Live

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Manchester Evening News

Experts suggest recession could be much worse than previously thought

An updated forecast predicts the recession could be cut deeper but will not last as long as previously thought

The Guardian - UK

Impending UK recession could be twice as bad as anticipated, say analysts

Contrary to other recent economic analysis the business consultancy EY forecasts 0.7% drop in GDP this year

The Independent UK

Recession to be worse than previously thought, experts say

EY said that while the recession might cut deeper than it thought earlier, it will not necessarily last longer than the previous forecast.

The Guardian - UK

Britishvolt: how Britain’s bright battery future fell flat

Startup that hoped to transform UK car production was once valued at more than £800m, but collapsed worth a tiny fraction of that

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Newsroom.co.nz

$30m-plus on a transition to... what?

Questions are raised over fundamental work not done by the health transition unit

Birmingham Post

Plans for £200m Britishvolt factory over as warehouse goes back on market

Prologis UK confirms it is on the hunt for new tenants for its Hams Hall site following collapse of manufacturer which would have created 150 new jobs in the West Midlands

The Guardian - UK

Battery startup Britishvolt enters administration as rescue talks fail

Staff told majority of firm’s 300 employees would be immediately made redundant on Tuesday morning

Wales Online

Hundreds of jobs go at electric car battery company Britishvolt as it falls into administration

It had been trying to raise the cash to keep going, but to no avail

Evening Standard

Hundreds to lose jobs as electric car battery maker Britishvolt collapses

The move comes as a blow for the UK’s ambitions to gain a foothold in the global EV battery market

Tribune News Service

Survey: The US economy has a 64% chance of entering a recession this year

More likely than not, the U.S. economy will enter a recession this year, Bankrate’s Fourth-Quarter Economic Indicator poll found.

Insider UK

Wolseley acquires Glasgow-based Kooltech

Deal will see the company retain its name and sign a 10-year lease at its headquarters

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