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The Latest Breaking News from KPMG

Consumer spending slows to lowest growth of the year amid falling confidence

Gaming bucked the faltering sales trend due to popular new releases, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor.

Evening Standard

Key reasons why online shoppers abandon their orders before checkout

A consumer survey found that 13 per cent of shoppers often buy multiple sizes of clothing or footwear online to find the best fit

The Independent UK

Two-fifths of consumers halt online purchase over no free delivery or return

Some 13% also admit to buying multiple items with the plan to keep only one they like the most or that fits properly, the poll for KPMG found.

Evening Standard

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Calls for Drax to be forced to fully disclose its biomass sourcing

Campaigners say the publication of key KPMG report must be a condition to MPs extending subsidies scheme

The Guardian - UK

5 Things To Know About Aronimink Golf Club - Next Year’s PGA Championship Host Venue

Aronimink Golf Club will host the PGA Championship for the second time on May 11-17, 2026

Golf Monthly

P&O Ferries’ auditor quits after years of late financial accounts

KPMG had been P&O Ferries’ auditor since 2007 but resigned recently, according to accounts filed with Companies House.

Evening Standard

Biomass power generators could be ‘marking own homework on sustainability’

The Public Accounts Committee said certification schemes aiming to ensure biomass has been sustainably sourced may not be strong enough.

The Independent UK

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The paralysis of trade war: ‘Almost every client I talk to has a war room,’ KPMG exec says, ‘and the members have completely dropped their day job’

Also: Auto tariffs on hold, maybe., Zuck will testify again today in FTC breakup case.

Fortune

Warm weather and Mother’s Day spending gives retailers March boost

Total UK retail sales were up 1.1% year on year in March, despite Easter’s later arrival this year, BRC-KPMG figures show.

Evening Standard

Insurer profits boom to $6.1b after steep premium hikes

Insurance companies have collectively banked $6.1 billion in annual profit after raising premiums and facing fewer significant weather events.

AAP

How does a Fortune 500 company adjust its supply chain overnight? Most are piecing together a playbook on the fly

“Almost every client I talk to has a war room,” says Mary Rollman, KPMG’s U.S. supply-chain leader.

Fortune

Retailers fear Trump tariffs gloom will worsen footfall on UK high streets

Shoppers stayed away in March as footfall declined 5% and stores worry US trade war could have chilling effect

The Guardian - UK

KPMG's new AI bot has cut interview scheduling time by almost 60% and saved more than 1,000 hours for the talent acquisition team

More strategic and targeted uses of AI assistants are helping HR teams free up time for more strategic initiatives.

Fortune

UK ministers and officials treated to hospitality 3,500 times in five years, study finds

Some of firms providing meals and tickets also among those to secure most meetings in key departments

The Guardian - UK

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Fortune

Trump sets auto tariffs at 25%, drawing swift backlash: 'The tariffs announced today will harm—not help,' says world's largest business association

The auto industry saw a “front running” on orders before the tariffs took effect, wrote KPMG senior economist Ken Kim in a note on Wednesday.

The Independent UK

Britons cutting back on everyday spending due to gloomy outlook on ‘worsening’ UK economy

The Consumer Pulse survey from KPMG found three in five people think the UK economy is worsening

The Guardian - UK

Britons cutting back on spending as confidence in economy falls, survey shows

Most feel financially secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statement

Euronews

Five years on, did the COVID pandemic have a lasting effect on how we work in Europe?

Experts believe that an initial spike in remote work during the pandemic is mostly over and that the future will involve hybrid work.

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Fortune

Why CFOs and CIOs are in a power struggle over AI

Both leaders see themselves as responsible for driving business transformation.

Geekflare

Geekflare’s This Week in Business Tech: Workday’s Spring 2025 Release, Operant AI Arrives in India, and More

As we approach the end of March, last week was filled with updates and new launches. US-based Operant AI arrived in India, Google acquired Wiz, Workday

The Guardian - UK

Firms hold back on hiring amid ‘significant cost rises’, surveys say

KPMG/REC report shows decline in people being placed in roles continues, while unemployment is rising, says BDO

International Business Times UK

KPMG US Joins Deloitte In Scrapping DEI: The 'Big Four' Retreat From Diversity

KPMG also quietly removed its annual transparency reports which detailed the company's efforts to increase hiring among women and minority groups.

AAP

Economists less confident of RBA rate cut than market

An AAP survey of 32 leading Australian economists has tipped the Reserve Bank to cut interest rates this week, but more than one in five remain unconvinced.

The Independent UK

January sales give retail stores their strongest growth in almost two years

Total retail sales across the UK increased by 2.6% year on year in January, according to the British Retail Consortium (BRC) and KPMG.

Evening Standard

Business hiring at its weakest since the pandemic following Budget tax raid on employers

Researchers warns there is unlikely to be any “significant improvement” in the near future

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