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The Latest Breaking News from KPMG

NSW government spends $400,000 on consultants before outsourcing Sydney Water asset

Exclusive: Reports have become the centre of a political storm ahead of the looming state election

The Guardian - AU

Scottish grocery sales see highest increase in 24 years ‘entirely’ due to rising costs

SRC and KPMG warn 'consumers will continue to take steps to reduce spend where they can'

Insider UK

Amid fears for small players, big banks agree to a competition inquiry

Is NZ developing a two-tier banking system? There’s concern smaller savings institutions may be placed at greater risk, if customers follow Americans' flight to big banks this week. Jonathan Milne reports.

Newsroom.co.nz

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Michael Hiltzik: As Silicon Valley Bank's red flags were flying, the Fed was AWOL

On Jan. 18, William C. Martin, a short-seller and former hedge fund executive, warned his Twitter followers that they were missing something important about Silicon Valley Bank.

Los Angeles Times

'Long-term business killer': winners and losers weigh up Supercars extension

The high-profile business owner says the decision whether to bring Supercars back for another five years appears to be a foregone conclusion.

Newcastle Herald

The Co-op, JD Sports and KPMG: The 40 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Birmingham Post

CoreLogic and KPMG make bold housing market calls

CoreLogic thinks U.S. home prices have bottomed, while KMPG expects a 2008-style decline in 2023.

Fortune

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KPMG alliance eyes decarbonisation

KPMG, a global professional services company, has formed an alliance with Maybank Singapore and three other partners to help businesses across Southeast Asia undergo decarbonisation to achieve their net-zero goals.

Bangkok Post

International Women's Day: 23 top British women business leaders for 2023

BusinessLive shines a light on some of the thousands of women exemplifying leadership around the UK

Birmingham Post

Retail sales hold up better than expected in February

Total UK retail sales were up 5.2% in February against an increase of 6.7% last year, according to the BRC-KPMG Retail Sales Monitor.

The Independent UK

Private equity deals present mixed picture across the North East and Yorkshire and Humber

Across the North there was said to be a 'cooling' of the market

Birmingham Post

South West firms secured almost half a billion in VC funding in 2022

A KPMG report found almost half of the businesses in the region that secured investment were based in Bristol

Birmingham Post

China Said To Ask Domestic Firms To Shun Big Four Accountants

Beijing is concerned that the audits might give access to information about the problems of the state-owned enterprises that they regard as sensitive, analysts say.

The News Lens

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

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The Independent UK

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 Guardian - UK

China instructs state firms to phase out big four auditors

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

Birmingham Post

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

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The Guardian - UK

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

Insider UK

Value of fraud cases in Scotland almost tripled last year

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

The Independent UK

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 Guardian - UK

Ministers quietly scrap limits on Whitehall spending on consultants

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

Newsroom.co.nz

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.

Birmingham Post

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

The Independent UK

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.

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