Expert analysis has shown the UK economy will shrink by 1.3% in 2023, amidst a relatively shallow but protracted recession, and will be followed by a partial recovery in 2024, which could see GDP rise by 0.2%. According to KPMG’s latest UK Economic Outlook, elevated inflation and rising intere
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Belated festive spending has increased retail sales in Scotland in the four weeks to the 26th of November, according to the latest Scottish Retail Consortium (SRC) and KPMG Scottish Retail Sales Monitor.
The majority of UK equity capital markets leaders (72%) expect to see the UK IPO market make a broad return in the second half of 2023, according to a new survey from KPMG UK. Almost one in three expect to see some bursts of early IPO activity in the first half of 2023, with these views being shared
KPMG has announced the promotion of ten colleagues to director across its three Scottish offices. The new appointments, effective from 1 December, come across key capability areas for the professional services firm and reflect its continued investment in its people.
James Kergon discusses the possibilities for a fulfilling and successful career in Scotland. Some may remember a lager advert from the 1990s which featured a browbeaten young Scottish professional sick of the London rat race. After coming to a profound realisation while packed into an office lift on
KPMG has settled a claim with Watchstone Group, formerly known as Quindell, for £4.95 million. Watchstone group announced the settlement yesterday in a regulatory filing. KPMG has not commented further than confirming a settlement has been reached with Watchstone Group.
Investments in fast-growth Scottish businesses cooled slightly over the summer as economic challenges and an impending global recession saw investors take a more cautious approach, according to KPMG’s latest Venture Pulse Survey. Scotland’s scale ups attracted £117m of venture capi
KPMG has promoted six colleagues to partner and 96 other colleagues to new positions in Scotland, demonstrating the firm’s continued development and investment in its people. Grant Archer, Terri Costello, Ann Devine, Susan Dunlop, Slim Gueddana and David McKay, all became partners of the profe
More than 8 out of 10 Global and UK CEOs anticipate a recession over the next 12 months, according to new research from KPMG. The KPMG 2022 CEO Outlook asked more than 1,300 CEOs at the world’s largest businesses about their strategies and outlook – including 150 in the UK – reveal
New research published by KPMG has revealed how the rising cost of living has impacted household budgets so far this year, and the steps consumers are taking to manage rising prices. In early September, KPMG surveyed 3000 UK consumers of varying household incomes, finding that essential household co
Total UK fintech investment dropped to $9.6 billion in the first half of 2022, down almost threefold (65%) from $27.8 billion in the same period in 2021, according to KPMG’s Pulse of Fintech report.
The number of alleged fraud cases exceeding £100,000 has risen dramatically in the first half of 2022, according to KPMG UK’s latest fraud barometer. A total of 14 cases with a total value of £14 million reached Scottish courts in the first six months of the year &nd
Private equity investment in Scotland’s mid-market businesses has surpassed pre-pandemic levels after £2 billion was spent in the first six months of 2022, according to the latest analysis by KPMG UK. 35 private equity deals worth £2.1bn were recorded in the six months to June - th
The British Retail Consortium (BRC) and KPMG released research reporting a 2.3% increase in sales in July (on a total basis), a 1.6% like-for-like basis increase from July 2021. Although there is an increase in sales, volume is down. This is attributed to rising inflation and households cutting back
KPMG has resumed bidding for large government contracts after having taken itself out of the running amid a series of accountancy scandals. In December last year, Scottish Financial News reported that the Big Four firm pulled out of bidding for public contracts after the Cabinet Office threatened to