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The Latest Breaking News from KPMG

Why the promised fourth industrial revolution hasn't happened yet

It’s nearly a decade since the term “fourth industrial revolution” was coined, yet many people won’t have heard of it, or know what it refers to.

The Conversation

Consumer confidence in surprise rebound from historic lows

GfK’s long-running consumer confidence index rose by a significant seven points in February but remains at a “severely depressed” negative 38.

The Independent UK

Electric vehicle production continues to increase – SMMT

Total car production was said to be ‘stable’ last month, with output down by 0.3% to 68,575, equivalent to 215 fewer cars.

The Independent UK

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China instructs state firms to phase out big four auditors

Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expire

The Guardian - UK

Who did Chris Minns have lunch with?

Over wine and roasted grouper, the NSW Labor leader shared his vision for the state with business leaders and lobbyists.

Crikey

KPMG settles £1.3bn lawsuit with Carillion creditors

Official Receiver has been campaigning on behalf of creditors of construction giant following its collapse in 2018

Birmingham Post

KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence

Collapse of outsourcer in 2018 with debts of £7bn came after annual accounts were approved by KPMG

The Guardian - UK

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Value of fraud cases in Scotland almost tripled last year

'Businesses must do all they can to maintain adequate controls'

Insider UK

Big four consultancies, which get $1.5b in government contracts, donated $850k to Labor and Libs last year

The figures raise concerns about the big four continuing to land lucrative contracts despite limited evidence of their work’s actual value.

Crikey

Retailers suffer disappointing January as consumers brace for more bill rises

Total UK retail sales increased by 4.2% in January, less than half the 11.9% rise seen a year earlier, according to the BRC-KPMG retail sales monitor.

The Independent UK

Ministers quietly scrap limits on Whitehall spending on consultants

Exclusive: Labour calls cancelling of financial limits ‘indefensible’ in cost of living crisis

The Guardian - UK

Investigation underway over concerns pokie trusts cooking the books

Millions meant for community grants appears to have been spent on new equipment and paying down the debts of class 4 gaming trusts.

Newsroom.co.nz

KPMG partner pay rises to £717,000 as deal market booms

KPMG handed 16,000 of its employees wage increases of between £2,000 and £4,000 in May last year

Birmingham Post

Mortgage approvals for house purchase drop to lowest levels since May 2020

Some 35,600 mortgages were approved for house purchase, which was the lowest total since May 2020, according to Bank of England figures.

The Independent UK

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Chronicle Live

Northumberland County Council is 'indescribably better' after 'dark days', leader claims

The comments were made following the publication of the Max Caller report

Insider UK

Record breaking year for Scottish scale-up investment

Scotland bucked the UK and wider global trend downward for venture capital fundraising

Newsroom.co.nz

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

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

Asharq Al-Awsat

Private Equity Persuades Italian Luxury Suppliers That Bigger Is Better

Italian businesses discovered the limits of their 'small is beautiful' motto when competition became global.

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news in one place.

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Birmingham Post

'Why I wrote my resignation letter from KPMG at 6am on Christmas Day'

Jonathan Boyers had worked at KMPG for more than 30 years

Birmingham Post

South West starting salaries up but number of permanent jobs falls

The jobs market is looking 'less than rosy', according to the report by KPMG and recruitment industry body REC

Fortune

KPMG's playbook for CEOs navigating uncertainty in 2023

79% of CEOs are planning for an economic recession, according to KPMG’s recent survey of 400 U.S. CEOs from large companies.

Birmingham Post

People on the move: key North East appointments and promotions

Chartered accountancy and business advisory firm UNW has appointed Nick Broadhead as corporate finance partner to further strengthen the company’s corporate finance business. Mr Broadhead arrives at UNW following 12 years at KPMG in Newcastle, wher

Insider UK

What's in store for the Scottish economy in 2023

We asked a range of experts to weigh in on the prospects and trends for the nation's biggest industries

The National (Scotland)

‘UK recession to last until end of next year’, say economists

THE UK economy is on track to shrink by 1.3 per cent in 2023 amid a recession which is set to last until the end of next year, according to a new…

The Independent UK

‘UK recession to last until end of next year’

Economists at KPMG have predicted that the UK has already entered a ‘shallow but protracted’ recession.

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