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The Latest Breaking News from KPMG

Sainsbury's to pay shop floor staff £9.90 an hour - and £10 an hour in London

Sainsbury’s said it will commit to paying its staff £10 an hour in London and £9.90 outside the capital under its latest pay promise to staff - it follows 300 job cuts last week

Daily Mirror

Star wars: how the NSW casino inquiry claimed a CEO

Critics say allegations against Star casino aired at gaming inquiry reflect a deeper malaise afflicting corporate Australia

The Guardian - AU

Senior Midlands business consultant Ian Borley joins green transport tech firm Clean Air Power

He was a partner at KPMG and is a previous Leicester Mercury Non-Executive Director of the Year

Birmingham Post

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Forensic audit report into Northumberland County Council's development company will not be made public

The report has now been shared with the audit committee after confusion over claims about a police investigation

Chronicle Live

Semiconductor dream needs the right push

CM has urged Samsung to open a semiconductor manufacturing unit in the State

The Hindu

Confusion continues over alleged police investigation into Advance Northumberland

Northumbria Police have denied an investigation ever took place but members at a public meeting were told a probe was ongoing

Chronicle Live

Star CEO resigns amid ongoing inquiry

CEO Matt Bekier has resigned from the company that owns The Star casino amid an inquiry into whether the casino should keep its licence.

AAP

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KPMG: Saudi Arabia Working to Advance Sporting Culture to Attract Tourists

Countries like Saudi Arabia are advancing agendas to build a sporting culture that attracts domestic and international tourists, KPMG, an advisory services firm, announced on Wednesday. This requires a vast effort, including organizing spectator and participant sporting events, promoting sports tourism to new markets and upgrading infrastructure, among myriad other…

Asharq Al-Awsat

Junket operator's forbidden 'cage' on CCTV

A junket operator's private room in Sydney's Star casino was not to handle cash, but CCTV shown to Star's intelligence manager showed 'a very similar activity'.

AAP

Star casino inquiry hears claims CEO Matt Bekier said report raising money laundering concerns was 'wrong'

A former executive of Star Entertainment says CEO Matt Bekier questioned the accuracy of a KPMG report finding its assessment of money laundering and terrorism financing risks were deficient.

ABC News

Star CEO found KPMG report 'unacceptable'

Star's former chief risk officer says a report that eventually triggered an inquiry into the casino found fundamental deficiencies in its risk management.

AAP

Carillion 'repeatedly tried to sue' Liverpool NHS Trust over stalled Royal hospital

Court papers reveal shocking details before main contractor on city's new hospital collapsed

Liverpool Echo

KPMG fined £1.25m over 'serious' Revolution Bars Group audit failures

Both the fines for KPMG and a former director have been reduced

Birmingham Post

KPMG fined £1.3 million for ‘serious’ breaches over Revolution Bars audit

KPMG’s failings related to three areas, including one that the Financial Reporting Council had previously warned posed ‘particular audit risk’.

Evening Standard

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Wales Online

Retail sales jump in February despite pressure on consumer confidence

The latest BRC-KPMG retail sales monitor revealed that total sales increased by 6.7 per cent in February

The Conversation

The immigration numbers bidding war is pointless – there are limits to how many migrants Australia can accept

Since late last year, various business lobby groups, the NSW government, management consultant KPMG, the Business Council and now a number of economists have been throwing numbers around, talking up the need for higher levels of immigration.

The Independent UK

Former energy minister leaves board of Russian metals giant as exodus continues

Lord Barker, who served under David Cameron, will step down after a transition.

The Guardian - UK

Big four accountancy firms cut off businesses in Russia and Belarus

EY and Deloitte join KPMG and PwC in separating Russia operations in response to Ukraine invasion

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The Guardian - UK

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

Benzinga

World Of Women NFT Headlines: Gets Added To KPMG Balance Sheet, Christie's Auction, New Billboard Covers

One of the most exciting non-fungible token collections came into the spotlight this week with a handful of news items.

The Independent UK

More fraud cases coming to court in Scotland, accountancy firm says

KPMG said 16 cases totalling £5.9m reached Scottish courts in 2021, skyrocketing from 2020 when only one case involving £240,000 came to light.

The Independent UK

Mickelson apologizes for Saudi comments, deal with KPMG ends

Phil Mickelson is apologizing for comments he made about the Saudis and the financing of a rival league

USA Today Sports Media Group

KPMG severed ties with Phil Mickelson. Will others such as Callaway, Workday and Rolex soon follow?

During the 2020-21 season, Mickelson amassed around $40 million in endorsements.

USA Today Sports Media Group

Phil Mickelson’s sponsor KPMG dropped him after 14 years amid his ties to Saudi-backed league

Is this just the beginning?

Chicago Sun-Times

Phil Mickelson ends deal with KPMG after apologizing for comments

Mickelson said that it was worth getting in bed with the Saudis, despite their history of human rights abuses, if it meant a chance to change the PGA Tour.

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