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The Latest Breaking News from KPMG UK

High street banks lost £100bn in customer savings to rivals since 2019 – report

A report from KPMG has warned that traditional banks will need to overhaul and embrace AI as they face a squeeze on profits over the years ahead.

Evening Standard

Why London's tech bros urgently need more high flying tech sisters

Only one in ten senior tech roles, such as CIO and CTO, are held by women in the UK

Evening Standard

Some shoppers more inclined to carry cash due to card and phone payment issues

Just over a fifth of people surveyed had experienced card and phone payment issues in the past six months, according to research for KPMG UK.

The Independent UK

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More than a third of Scotland designated as 'highly investable' in new study

MORE than a third of Scotland has been identified as “highly investable”, according to a new economic study.

The National (Scotland)

No one knows how to act in the office. Bosses' solution: Etiquette classes

In the post-pandemic world, nearly half of companies are offering lessons on basic courtesy.

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.”

Fortune

Eight spending areas people in Scotland are cutting back on to save money during cost of living crisis

A third of consumers are using their savings to help cover essential costs.

Daily Record

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KPMG appoints new senior partner to lead Aberdeen office

Meanwhile, AAB Group also expands its senior headcount in the city

Insider UK

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

‘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.

The Independent UK

KPMG moving Nottingham office to the new University of Nottingham Castle Meadow Campus

And as well as providing shared facilities it is hoped it will also supply a new pool of talent from the university

Birmingham Post

KMPG announces raft of promotions in South West

The Big Four firm said the announcement demonstrated its "continued investment" in the region

Birmingham Post

Inflation fuels jump in government debt costs as borrowing hits £4.9bn

Borrowing for July significantly ahead of predictions of analysts

The Independent UK

Scottish private equity deal activity surpasses pre-pandemic levels

35 deals were completed in the first half of 2022 – well above five-year averages

Insider UK

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Birmingham Post

Unicorn chief joins taskforce to drive through financial reforms

Matillion is one of several tech unicorns in Greater Manchester

Insider UK

KPMG promotes a trio of directors in Scotland

Audit director promotions reflect growth of the firm’s practice in Scotland

The National (Scotland)

Scottish businesses attracting major investment, according to report

SCOTTISH fast-growth businesses are still enjoying vast amounts of venture capital (VC) investment, despite facing a global geopolitical and…

Insider UK

KPMG announces four new partners in Scotland

On 1 April, KPMG also announced the promotion of 26 other staff

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Birmingham Post

KPMG spin-off firm Interpath Advisory opens Bristol office

The independent advisory business was formed in 2021 following the sale of KPMG’s UK Restructuring practice

Evening Standard

KPMG UK partner pay jumps 20% to £688,000 thanks to ‘hottest deal market ever’

KPMG’s 14,700 UK staff will also share a “market leading” £100 million bonus pool as professional service firms enjoy a strong rebound from the pandemic

Evening Standard

KPMG hit with £3 million fine over Conviviality collapse in latest audit scandal

The boss of KPMG UK was today forced to apologise after the accounting watchdog fined the auditor £3 million for “serious” failings with its work on collapsed drinks business Conviviality.

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