Sky News
Hundreds of UK partners at EY, the big four accountancy firm, have been warned of a potential slide in profits this year amid a wider slowdown in the professional services sector. Sky News has learnt that a presentation given last week by Stuart Gregory, a senior figure in EY's finance and transformation team, notified colleagues that profit-per-partner could slip by as much as 15% in its financial year to the end of June. Last year, EY recorded average distributable profit per partner of £761,000 - down from a record £803,000 the year before, and well below rival PricewaterhouseCoopers.