Retail sales in Scotland have seen a 2.8% increase in the five weeks to 30 March 2024, buoyed by the early arrival of Easter. This growth is above the 3-month average increase of 2.1%, though below the 12-month average of 5.2%. Adjusted for inflation, the year-on-year growth stands at 1.5%.
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A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total. The Venture Pulse Survey shows this is a marked a decline from record levels seen in 2022 and 2021, which were £707m and &pou
Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK. The quarterly survey of senior executives working in the sector found that business confidence remains high, bu
KPMG has been fined £1.5 million by the Financial Reporting Council (FRC) for "serious failings" in its audit of prominent advertising agency M&C Saatchi.
Scottish retail sales were stunted in the first four weeks of 2024, according to the latest Scottish Retail Consortium (SCR) and KPMG Scottish Retail Sales Monitor.
Figures published today from KPMG UK’s Fraud Barometer, which records alleged fraud cases with a value of £100k and above, has shown the number of reported fraud cases outside of the London region rose to 183 cases in 2023, up from 172 in 2022. Within this, the Midlands had 37 cases reac
KPMG has announced its highest partner pay since 2007, with average pay reaching £786,000 in the year to September. This increase of 4% comes even as pre-tax profits experienced a decline of nearly a fifth, reaching £364 million.
Mid-market private equity investment activity in Scotland saw a slight slight dip compared to last year’s record high, according to KPMG UK’s latest Mid-market Private Equity report. The firm’s most recent M&A study has revealed that 42 transactions took place compared to 51 la
The COVID-19 pandemic has significantly accelerated the shift towards online banking in the UK, with a notable decline in physical visits to bank branches, according to new research from KPMG.
In a challenging conclusion to 2023, Scottish retailers faced a disappointing December as sales figures revealed a decline in real terms.
KPMG, the smallest of the Big Four accounting and consulting firms, reported an 8% growth in global sales in the financial year ending September 30, 2023, reaching $36.4 billion (around £29bn).
As Christmas 2023 approaches, Scottish retailers have been faced with a challenging trading environment, marked by a slowdown in sales growth, according to the KPMG-SRC Scottish Retail Sales Monitor.
KPMG has entered discussions to merge its UK and Swiss operations in a move that could significantly impact the firm's growth and profitability.
The 12,000 KPMG staff in Britain who have not been promoted will not benefit from a pay rise this year as the firm tightens its belt in reaction to a fall in demand for its services. Senior partners at the Big Four firm have been informing teams in recent weeks that their pay will be frozen unless t
Vishal Chopra, head of tax for KPMG UK in Scotland, discusses the expected fiscal measures in tomorrow's Autumn Statement, highlighting the economic challenges and potential tax policy changes in both the UK and Scotland. The Autumn Statement looks set to be as gloomy as the current economic ou