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The Latest Breaking News from KPMG

Consumer confidence shows ‘renewed optimism’ against falling core inflation

GfK’s long-running Consumer Confidence Index improved five points in August, although it remains firmly in negative territory at minus 25.

The Independent UK

Microsoft Corp. (MSFT): Yay or Nay for Investors?

With a range of collaborations and partnerships fueling growth, expansion, revenue, and customer engagement, the tech conglomerate Microsoft (MSFT) is well-positioned for significant long-term progress. Given this narrative, is investing in MSFT a wise choice for investors? Let's find out.

StockNews.com

Resident 'hopeful' after survey shows most don't want Supercars back

'This event does not unite the city like a costly major event should.'

Newcastle Herald

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The ACT government's biggest 2022-23 contracts revealed

The government also entered into more than 1100 new contracts.

The Canberra Times

Who is Megan Khang's Caddie?

American pro Khang made 20 cuts out of 24 in 2022 and her bagman is no stranger to the headlines himself

Golf Monthly

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

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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

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

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

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The Independent UK

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 Guardian - AU

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

Fortune

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.

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The Guardian - AU

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

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

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.”

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