The liquidators of Carillion have launched a potential £250 million legal claim against KPMG - the former auditor of the collapsed contractor. The Official Receiver, the government agency in charge of liquidating Carillion, submitted a High Court legal claim against the firm on Friday. Full de
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The return of Halloween has failed to lift retail figures, as total sales in Scotland increased by just 2.0% compared with October 2020, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.
Global Venture Capital (VC) investors deployed record amounts of money into Scottish scaleups over the summer, with more than £197 million raised according to Venture Pulse, a quarterly report published by KPMG Private Enterprise. The research, published using data supplied by PitchBook, recor
Scottish Enterprise has commissioned an ambitious international collaboration project called ‘Scot2Ger’ led by industry and supported by the public sector to explore future export opportunities for Scotland’s green hydrogen. The project, led by ScottishPower, Wood, KPMG Germany and
KPMG UK has appointed 12 new directors across its Scottish offices amid a promotions round that sees 98 employees in new roles. Catriona Donald, Gordon Gray, Scott McCrorie, Paul Mulcare and Susan Thom have been appointed directors within KPMG’s tax and legal function.
Total retail sales in September continue to perform below pre-pandemic levels, with sales down 9.1% compared with September 2019, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.
Former third sector chief executive Mark O’Donnell has joined KPMG UK’s Infrastructure Government and Healthcare (IGH) team as a senior manager. Mr O’Donnell joins the firm from the Sight Scotland Group where he was chief executive, recently leading a significant restructuring prog
David Costley-Wood, the former head of KPMG Manchester restructuring, "advanced an untruthful defence" at a disciplinary hearing into KPMG's misconduct in the sale of Silentnight, according to the Financial Reporting Council's (FRC) Independent Disciplinary Tribunal. Last month, KPMG was fined
Partners at KPMG have voted to receive lower pay packets than partners at rival firms, opting to reinvest more profits back into the company. KPMG's UK partners have agreed to reduce the minimum level of profits distributed to partners from 90% to 75%.
Scottish cities including Glasgow, Edinburgh and Aberdeen could see employment rise by 5-7% as a result of increased availability of office space in the wake of COVID-19, according to a new report by KPMG. Covid-19 has triggered a shift in the way people work, interact, and shop. As businesses in so
The lifting of coronavirus restrictions has been dubbed a 'let down' as Scottish total retail sales in August continued to perform below pre-pandemic levels.
Big Four accountancy firm KPMG is aiming for 29% of its partners and directors to come from working class backgrounds by 2030. The target comes as the firm published its socio-economic background pay gaps for the first time as part of the firm’s Environmental, Social and Governance plan: Our I
The Financial Reporting Council’s (FRC) Executive Counsel has delivered a disciplinary Formal Complaint, under the Accountancy Scheme, against KPMG, a former KPMG partner and certain current and former KPMG employees.
Scottish private equity investment rose considerably in the first half of 2021, as investor confidence returned and vendors brought their assets to market, according to new analysis from KPMG. The volume of deals across Scotland in H1 rose 54.5% against H1 2020 levels and 13.3% compared to H2 2020 l
More than half (51%) of Scots are ordering in more food now than they did twelve months ago, according to a new report from KPMG. The research found that 75% of Scots now order in, up from 61% in August 2019 when KPMG last conducted research on the UK’s appetite for takeaways.