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The Latest Breaking News from KPMG

Gen Xers the new baby boomers: analysis identifies Australia’s richest landholders by generation

Those born between 1965 and 1980 own an average of $1.455m in housing and land, KPMG report finds

The Guardian - AU

UK business confidence weakened and hiring fell at end of 2025, surveys find

Rising costs and economic uncertainty take toll, in contrast to Keir Starmer saying Britain will start to feel richer

The Guardian - UK

Modernization Demands More Than AI. People Will Define the Future of Business

Modernization is organizational archeology, uncovering causal layers of business logic and human practice that lie beneath every button, screen, and integration.

International Business Times

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Top economist says latest jobs data shows a 'gut-wrenching’ labor market for the middle class

“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”

Fortune

Dozens of organizations fall victim to infostealers after failing to enforce MFA

50 companies allowed access to cloud instances with just a password and were compromised with infostealers.

TechRadar

Burger King UK’s owner agrees proposed deal to buy Interpath

Private equity firm HIG Capital is selling Interpath five years after it bought the former restructuring arm of KPMG.

Evening Standard

UK consumers still reluctant to spend going into 2026, KPMG survey finds

Combination of concern about economy and household cost pressures will continue to limit spending, report suggests

The Guardian - UK

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Branching out: why banks are back on the British high street

In towns such as Northampton, in-person help with finances is a promise many customers still depend upon

The Guardian - UK

GDP data confirms the Gen Z nightmare: the era of jobless growth is here

"I've never seen anything like it," KPMG's chief economist Diane Swonk told Fortune.

Fortune

Sheryl Sandberg breaks down why it’s a troubling time for women in the workplace right now

Hundreds of thousands of working women left the U.S. workforce this year, while issues of gender stereotyping, workplace harassment, and lackluster capital are creating a “particularly troubling moment” for female talent.

Fortune

Pre-Budget shopper ‘jitters’ dampen Black Friday sales

Total retail sales across the UK increased by 1.4% year on year in November – the weakest growth in six months, BRC and KPMG figures show.

Evening Standard

HSBC has a new chair but the succession process should have been slicker

This is the UK’s second-largest listed company, and the European bank most exposed to declining US-China relations

The Guardian - UK

HSBC appoints interim chair Brendan Nelson to permanent role

Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’

The Guardian - UK

FTSE 100 Live 03 December: CVC deal lifts Smiths, Sainsbury’s falls on Qatar stake sale

Thames Water today reported a backlash from customers after bills were increased in April.

Evening Standard

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The Guardian - UK

UK refrains from hitting high street on Black Friday as fears grow over economy

Data comes as KPMG highlights soft consumer spending as one factor likely to hold back growth in 2026

AAP

Travel agency confesses to overcharging British clients

An Australian corporate travel agency says large clients in the UK have been overcharged going back three years, and an investigation is ongoing.

AAP

Moneybags Minjee eyes monster pot at Tour Championship

Four Australians are chasing the biggest prize in women's golf history at the LPGA Tour's $17 million Tour Championship in Florida.

Fortune

KPMG’s new CEO joined as an intern 33 years ago. Now he wants to lure Gen Z back with a new office outfitted with moody lounges and a barista bar

KPMG is shrinking its New York footprint by 40% and betting on design—not mandates—to bring employees back to the office.

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The Conversation

Were you on Facebook 10 years ago? You may be able to claim part of this $50 million payout

Right now, more than 311,000 Australian Facebook users can apply for a slice of a A$50 million compensation fund from tech giant Meta – the largest ever payment for a breach of Australians’ privacy.

The Guardian - UK

Companies that donated to Labour awarded £138m in contracts, study finds

Report raises fresh concerns about the link between political donations and public spending

Fortune

I've worked in AI for decades. Agentic AI will irreversibly change our workforce whether enterprises like it or not

I've spent over 25 years working in AI & Digital, and we're past the point of asking if the technology will transform work. The question is how fast.

Fortune

Jensen Huang says the future workforce will be a mix of ‘humans and digital humans,’ who could be licensed out or hired—and need onboarding

“I tell my CIO, our company’s IT department, they’re going to be the HR department of agentic AI in the future,” Huang said.

International Business Times

Building a Year-Round Future: Cape Smokey's Vision for Community Integration in Cape Breton

A KPMG economic impact study reveals that Cape Smokey has planned to make a bold investment of at least $500 million, demonstrating its commitment to growth and development by 2032.

Reason

Trump's New Tariffs on Furniture Will Be Costly, and Americans Will Pay

The evidence is clear that we are paying more, U.S. firms have lower margins, and exports are collapsing in flagship industries.

Evening Standard

Retail spending slows as Budget looms large

Non-food sales growth slowed to 0.7% against growth of 1.7% last September and below the 12-month average growth of 0.9%, the BRC and KPMG reported.

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