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The Latest Breaking News from KPMG

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

Wales Online

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 Conversation

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 Independent UK

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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

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

The Guardian - UK

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.

Benzinga

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

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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

The Independent UK

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?

USA Today Sports Media Group

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.

Chicago Sun-Times

KPMG to grow its South West team after business services giant posted £436m profit

KPMG has 22 UK offices including in Bristol and Plymouth and will recruit into regional team after it saw revenue grow 10% in 2021

Birmingham Post

TalkTalk, Pets at Home and Lancashire Cricket: The 43 latest North West hires and promotions you should not miss

A series of high-profile appointments have been announced recently

Birmingham Post

One Of The Big 4 Accounting Firms Just Added Bitcoin And This Cryptocurrency To Its Corporate Balance Sheet In Canada

One of the big four accounting firms, KPMG, says it has added two large cryptocurrencies to its corporate treasury in Canada.

Benzinga

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The Guardian - UK

UK-based financial tech firms won sevenfold funding rise last year to $37bn

KPMG data shows London fintechs received more investment than Europe, the Middle East and Africa

Liverpool Echo

KPMG facing £1.3billion lawsuit over stalled projects including Royal Liverpool Hospital

The claim will allege that KPMG failed to respond to multiple "red flags"

The Guardian - UK

KPMG being sued for £1.3bn over Carillion audit

UK official receiver brings unprecedented action as part of its duty to try to maximise returns for creditors of collapsed firm

The Independent UK

Official Receiver files legal claim against KPMG over Carillion role

The claim will allege KPMG failed to respond to multiple ‘red flags’ which should have alerted them to a clear and obvious risk of misstatement.

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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

Birmingham Post

Profits surge almost £150m at KPMG as partner pay-outs jump

During the year KPMG completed the sale of its restructuring business

The Guardian - AU

Experts doubt NSW’s $500 after-school care vouchers will get parents back into offices

Dominic Perrottett says scheme will help parents with ‘daily juggle’ but KPMG’s Terry Rawnsley says pandemic behaviours are ‘entrenched’

Birmingham Post

Interpath Advisory moves to new Birmingham base

Restructuring practice born out of KPMG last year has relocated to its own home

Evening Standard

Goldman, PwC and KPMG lead City’s return to the office after Plan B scrapped

Inner London businesses are set for “bounce back” Monday next week as thousands of city workers return to the office.

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.

The Guardian - UK

KPMG fined £3m for ‘serious failings’ in Conviviality audit

Accountant also reprimanded severely for failing to check firm’s claims in latest blow to reputation

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