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The Latest Breaking News from KPMG

UK retailers forced to slash prices after July washout and interest rate rise

British Retail Consortium and KPMG report shows steep annual drop in volume of sales and a rise in promotional offers

The Guardian - UK

July washout helps drive down retail sales

Total UK retail sales increased by 1.5% in July, against a growth of 2.3% in July 2022, according to the BRC-KPMG Retail Sales Monitor.

The Independent UK

Microsoft Corp. (MSFT) and F5 Inc. (FFIV): Buy or Hold?

With soaring demand for Artificial Intelligence (AI) and innovative solutions across various sectors, the software industry looks well-poised to thrive. Should you buy or hold Microsoft (MSFT) and F5, Inc. (FFIV) now? Learn more….

StockNews.com

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When will interest rates fall? Experts warn of ‘more pain to swallow’ after latest hike

Mortgage rates could remain elevated ‘indefinitely’, analyst says

The Independent UK

Why Now Is Time to Buy Microsoft Corp. (MSFT) and These 2 Software Stocks

The software industry is flourishing due to increasing digitization, numerous technological advancements, and high demand for software solutions. As a result, robust software stocks, Microsoft Corp. (MSFT), ServiceNow (NOW), and RingCentral (RNG) could make ideal additions to your portfolio now. Continue reading….

StockNews.com

Federal government under fire for hiring KPMG on health and climate while firm advises fossil fuels

Doctors and independent MPs say despite Labor’s reassurances, work should have been conducted by public servants and a clear conflict of interest exists

The Guardian - AU

How can you tell if hosting the Olympics or Commonwealth games offers value for money? Here are our expert tips

Victorian Premier Dan Andrews’ decision to back out of a commitment to host the 2026 Commonwealth Games because it might cost A$6 billion to $7 billion that did “not represent value for money” raises the question: is it even possible to work out the costs and benefits of such major…

The Conversation

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22 years after the $63 billion Enron collapse, a key audit review board finds the industry in a 'completely unacceptable' state

In 2001, the Big Five became the Big Four, and now the PCAOB again finds "audit quality is moving in the wrong direction"—a 40% error rate.

Fortune

It's not just tax. How PwC, KPMG and other consultants risk influencing public health too

Concerns about the use of private consultancy firms advising government – such as PwC, KPMG, Deloitte and EY – has led to a Senate inquiry.

The Conversation

Consumer confidence drops in July as ‘reality bites’

GfK’s Consumer Confidence Index fell six points in July to minus 30 amid concerns for personal finances and the wider UK economy.

The Independent UK

Retail sales in Scotland hit double-digit growth for first time this year

Total sales increased by 11.3% in June, food sales increased by 15.8% and non-food sales by 7.5%, according to audit professionals KPMG.

The Independent UK

Australian government spending on big four consultancy firms up 1,270% in a decade, analysis shows

PwC, Deloitte, KPMG and EY face scrutiny as critics warn core functions of democracy should not be outsourced

The Guardian - AU

KPMG is committing $2 billion-plus to A.I.—and estimates that could generate $12 billion in revenue

Microsoft and KPMG are expanding their partnership in a new generative A.I. deal.

Fortune

Afternoon Update: RBA cuts number of meetings; wastewater exposes cities’ drug habits; and an algorithm creates the ‘best’ expletive ever

Reserve Bank governor Philip Lowe says the change will allow more time to examine key issues in detail

The Guardian - AU

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The Guardian - AU

Partners and staff at Australia’s big consultancy firms sacked for misconduct including sexual harassment

Senate inquiry told about firings at KPMG, Deloitte and EY in wake of tax scandal at PwC

The Guardian - AU

‘It makes no sense’: Victorian government urged to reconsider sale of dozens of properties

Residential land acquired for level-crossing removals in Melbourne’s south-east being prepared for sale

The Guardian - AU

KPMG and Deloitte refuse to join PwC in banning political donations in Australia

Analysis finds PwC, Deloitte, KPMG and EY donated $4.3m to Labor and the Coalition over the past decade

Birmingham Post

KPMG appoints new senior partner to lead south west of England and Wales

Ian Brokenshire is retiring after 35 yeas with the financial services giant

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The Independent UK

Retail sales boosted by warm June weather

The heat prompted purchases of swimwear and beach towels, sunscreen, outdoor games, garden furniture and barbecue food.

Fortune

Gen Z is so lacking in soft skills after lockdown that Big 4 consultants are offering classes to help new hires fit in at work

KPMG U.K. CEO Jon Holt tells Fortune, “It’s important that as a business we support them as they begin their training and careers with us.”

The Guardian - UK

Hiring by UK firms slows amid ‘lingering economic uncertainty’

Sharp uplift in those looking for work reflects growing concern over economy, say analysts

Golf Monthly

What Are The Five Women's Majors?

The five major championships in women's professional golf

The Guardian - AU

Former KPMG partner urges royal commission into consulting industry following damning report into PwC scandal

Whistleblower tells Senate inquiry into federal government’s use of consultants that ‘self-regulation is failing’ across the industry

The Guardian - AU

‘Corrosive impact’: calls to ban political donations from Australia’s big four consultancies after PwC scandal

The firm along with Deloitte, EY and KPMG donated $4.3m to Labor and Coalition in past decade as government contracts increased by 400%, analysis shows

AAP

Hinson-Tolchard eyeing US Open golf amateur gong

Perth's Maddison Hinson-Tolchard is hoping to finish as the top amateur at this week's Women's US Open after spending a week with golf legend Karrie Webb.

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