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The Latest Breaking News from KPMG

'Rampant fraud' in Scotland shows no sign of slowing

Scottish cases rocketed in first half of 2022, with values 443% higher than during the first half of 2021

Insider UK

A work in progress

Australia has not been spared global labour shortages so the Albanese government is being urged to move faster as new modelling shows immigration is vital to ease the shortfall.

Crikey

Board changes at B&M as committee chair retires

New board member set to become chair of group's Audit & Risk Committee

Birmingham Post

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Solomon Islands moving ahead with contentious plan to build Huawei mobile phone towers with $100 million loan from Beijing

Solomon Islands authorities say the proposed 161 mobile phone towers will expand and improve coverage and that the loan to fund it will be repayable, but experts have questioned if the financial case for the project stacks up.

ABC News

Summer retail sales suffer as inflation wipes out growth

Trade association calls for government help ahead of a hard winter ahead

Insider UK

PwC says graduates no longer need at least 2:1 degree to work at firm

Accountancy company says move is about trying to attract job starters from broader range of backgrounds

The Guardian - UK

Scottish private equity deal activity surpasses pre-pandemic levels

35 deals were completed in the first half of 2022 – well above five-year averages

Insider UK

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Inflation is cooling thanks to gas prices, but many things still cost a lot more

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

WEKU

FTSE 100 Live: Retail sales get heatwave boost, Nvidia warning

Retail sales increased by 1.6% on a like-for-like basis in July after the heatwave boosted demand for clothing, picnic items and electric fans.

Evening Standard

Hot weather and picnic food help boost UK retail sales

Inflation means the price of products is significantly higher than the same period last year, the BRC-KPMG retail sales monitor said

Birmingham Post

Hot summer weather buoys retail sales as inflation pressure continues

The BRC-KPMG retail sales monitor for July showed that total sales increased by 2.3% during the month.

The Independent UK

Salaries for permanent new joiners in the Midlands increase - report

Latest analysis from KPMG and the REC said a lack of suitable candidates and pressure to increase salaries were behind the rise

Birmingham Post

Northern scaleups secure more than £337m investment across Q2

Research from KPMG shows businesses across the north attracted venture capital investment in 64 deals

Birmingham Post

Scottish innovators attract half a billion during first half of 2022

Investment in the second quarter up by a quarter, compared to same time last year

Insider UK

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The National (Scotland)

'Great news for Scotland' as multi-million investment figures revealed

MORE than half-a-billion-pounds of venture capital (VC) investment was secured by fast-growth businesses in Scotland in the first six months of…

Chronicle Live

Forensic audit report into Advance Northumberland to be released to the public

The report has been the subject of significant confusion since the start of the year

Birmingham Post

KPMG Plymouth staff move to new offices at Royal William Yard

The global professional services firm said it would complete its transition to the new space by next month

Benzinga

Benzinga Before The Bell: Apple's iPhone Discount, Tesla's Bitcoin Loss, US Investor Fear And Other Top Financial Stories Monday, July 25

CNBC

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The Independent UK

KPMG fined £18.4m and four staff banned from accountancy profession for deliberately misleading regulators

Auditor submitted ‘false and misleading information and documents’ relating to collapsed construction firm Carillion

Birmingham Post

KPMG fined £14.4m for misleading regulator about Carillion audit

Quartet of former staff at the big four financial services firm have been kicked out of Institute of Chartered Accountants in England and Wales for part played in audit work

The Guardian - UK

KPMG partner banned from accounting after misleading regulator over Carillion

Peter Meehan, who led audit of failed outsourcer, will also have to pay fine of £250,000

Evening Standard

KPMG hit with its biggest ever UK fine after ‘misleading’ regulators over Carillion

A second investigation into how the collapsed outsourcer was regulated is still underway

Insider UK

Scottish retail sales improve, but shoppers remain cautious

Sales increased by 3.3% on a like-for-like basis compared with the same month last year

Birmingham Post

What's gone wrong for Joules and how can it bounce back?

The prestige fashion retailer has hit choppy waters - what can it do to make a comeback?

Birmingham Post

KPMG appoints new senior partner in Birmingham

Karl Edge has stepped down from the post after six years to be replaced by audit partner

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