Blair Nimmo to head KPMG insolvency breakaway

KPMG has confirmed that it has signed an unconditional agreement to sell its market-leading UK Restructuring practice to Interpath Advisory, a newly-formed company which is backed by H.I.G. Europe, the European affiliate of H.I.G. Capital, LLC.

Published 4 March 2021

Scottish business community welcomes 'budget for recovery'

The Scottish business community has largely welcomed Chancellor Rishi Sunak's 'Budget for recovery' which extended the furlough scheme, froze income tax rates for five years and increased corporation tax to 25%.

Published 4 March 2021

KPMG Scotland’s Vishal Chopra predicts outcomes of UK Budget

Vishal Chopra, KPMG’s head of tax in Scotland, has predicted the outcomes of the upcoming UK Budget.

Published 1 March 2021

KPMG splits leadership roles after Bill Michael steps down

KPMG has revamped its governance structure after losing its chairman and senior partner Bill Michael after it was alleged that he made controversial comments during a video conference earlier this month. 

Published 26 February 2021

KPMG in talks to sell restructuring arm for £400m

KPMG is close to selling its restructuring arm to private equity firm HIG Europe as part of a deal that could see a former head of Deloitte run the newly separated business.

Published 25 February 2021

Number of women on FTSE boards up by 50% in five years

The number of women on FTSE boards has increased by 50% in the last five years, according to the newly released Hampton-Alexander Review.

Published 24 February 2021

SRC & KPMG: Scottish retail sales remain low as lockdown tightens grip

Scottish retail sales slumped further in January towards the depths last seen during the previous nationwide lockdown in spring last year, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Published 17 February 2021

KPMG UK chairman Bill Michael steps down after 'alleged comments' over COVID working conditions

Bill Michael, the chairman of KPMG UK, has stepped down while the firm investigates “alleged comments” he is said to have made during an online meeting with staff.

Published 11 February 2021

KPMG: Scottish scale-ups buck pandemic trend with increased VC investment

Scotland’s scale-up – or fast-growth - businesses finished 2020 on a buoyant, optimistic note, with almost £100 million in Venture Capital (VC) investment, according to the latest figures from KPMG.

Published 11 February 2021

KPMG: Pandemic and Brexit uncertainty take their toll on Scottish private equity activity

Scotland’s private equity deal activity struggled in 2020 as uncertainty and public health restrictions dampened investor appetite north of the border, according to the latest data from KPMG.

Published 5 February 2021

KPMG reports resilient performance in 2020 despite COVID-19

KPMG UK has published its annual results for the financial year ended 30 September 2020 reporting a resilient performance, despite COVID-19 challenges.

Published 3 February 2021

Scottish business welcomes steady-as-you-go budget

Finance secretary Kate Forbes did not announce any changes to income tax rates and bands in the coming year after she set out the Scottish Government's budget plans yesterday.

Published 29 January 2021

RSM & KPMG tax chiefs predict outcomes of Scottish Budget

RSM and KPMG's heads of tax in Scotland have issued predictions for the upcoming Scottish budget with the two anticipating a focus on recovery after COVID-19. 

Published 27 January 2021

SRC & KPMG: 'Blue Christmas' ends worst year for Scottish retail sales

Retail sales in Scotland took a significant turn for the worse in the final month of 2020, falling further into decline with 16.6% on a total basis, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.

Published 20 January 2021

KPMG: Court closures and delays lead to Scotland recording only one high-value fraud case

Scotland has officially recorded only one high-profile fraud case for the entire period of 2020 as COVID-19 continues profound logistical challenges for the country’s justice system.

Published 19 January 2021