KPMG Australia has developed a sophisticated AI agent that prepares complex tax advice in a single day – a task that previously took human teams two weeks. The 'agentic' AI system was built using a colossal 100-page prompt, marking a significant leap in the firm's adoption of artificial intell
Kpmg
More than nine in 10 (94%) private business owners in Scotland are confident of delivering growth in 2025, according to KPMG’s mid-year Private Enterprise Barometer check-in. Earlier this year, KPMG unveiled its first-ever Private Enterprise Barometer, an annual survey capturing the perspectiv
Scottish retail sales fell by 0.5% in real terms last month as growing economic uncertainty prompted consumers to reduce their spending.
Hiring activity across the UK fell sharply in July as businesses held back on recruitment amidst concerns over the economic outlook and rising labour costs.
Mid-market private equity investment in Scotland fell in the first half of this year, according to KPMG UK’s mid-year private equity pulse. The mid-year study into private equity deal activity found that interest in the region’s mid-market declined, with 24 deals completing and deal volu
A new report from KPMG has found that the UK domestic retail and commercial banking sector is entering a period of declining profitability driven by margin compression and rising cost pressures. The State of the Banks 2025 report reveals that UK banks are under growing pressure to adapt their busine
A three-month period of growth for Scottish retail came to an end in June, with total sales decreasing by 0.4% compared to June 2024 – when they had decreased by 3.4%.
iLivestock has fended off competition from dozens of local tech startups to be crowned Scotland Tech Innovator as part of KPMG’s search for the UK’s most exciting tech businesses. The Rosyth-based firm, which has created an all-in-one management platform for sheep and cattle farmers, was
Scottish economic growth could exceed the wider UK economy in 2026, according to KPMG’s latest European Economic Outlook. KPMG forecasts Scotland’s GDP will grow by 1.2% in 2026, slightly ahead of the 1.1% growth rate forecasted for the UK. The firm’s report predicts Scottish busin
KPMG UK and one of its audit partners, Nick Plumb, have been sanctioned by the Financial Reporting Council (FRC) following the discovery of "serious" breaches in the audit of London-listed agricultural supplies company Carr's Group. The FRC's investigation into the audit for the financial year endin
Venture capital (VC) investment into Scotland’s start-up and scaling businesses reached over £90 million in the opening quarter of 2025, according to the latest KPMG Private Enterprise Venture Pulse report. Twenty-six investments were concluded in the region, highlighting sustained appet
US President Donald Trump's proposed tariffs could cost the UK economy nearly £22 billion over the next two years, according to analysis by KPMG. The economists predict a potential US trade war would reduce UK economic output by 0.8% by 2027, leaving the country £21.6bn worse off and add
Business founders, investors and advisers from across Scotland gathered together at the latest No Diversity, No Deal event last night to demystify the scale-up process for female entrepreneurs.
KPMG executives are pushing for significant consolidation among its national partnerships, seeking to drastically reduce the Big Four firm's "economic units" from over 100 to just 32 by next year. This streamlining of operations and aims to enhance growth and represents a substantial acceleration of
KPMG UK has made three key appointments to its corporate finance team in Scotland, following a recent national award win. Samantha O’Neill has been promoted to M&A associate director, recognising her significant contributions over more than eight years with the firm. Having worked across b