Graeme Williams, director of M&A at KPMG in Scotland, considers the state of the deals market in Scotland. The last twelve months have taken their toll on Scotland’s economy with no sector or business left unscathed by the Covid-19 pandemic.
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Scottish retailers will have to be innovative to survive this winter due to the double impact of Brexit and Covid-19, KPMG has warned. The Big Four accounting firm said its latest retail figures showed sales took a step back in October in a "miniature repeat" of the spring lockdown, with sales of fo
Black heritage business leaders have shared their personal stories of challenge and triumph in a KPMG UK event aimed at inspiring Scotland’s future business leaders. Despite ongoing COVID-19 restrictions, KPMG’s African & Caribbean Network in Scotland pushed ahead with their second a
Bill Michael, chairman and senior partner of KPMG UK, has told partners that the firm's board has decided to sell its UK restructuring arm because conflicts of interest and increased regulatory scrutiny are preventing it from securing new work. Yesterday, Mr Michael told the board that concerns
Despite ongoing economic uncertainty, the value of Venture Capital (VC) investment in Scottish scale-ups increased in the third of quarter of 2020, according to the latest data from KPMG's Private Enterprise’s Global Venture Pulse Survey. Between July and September of this year, VC deal volume
Blair Nimmo and Geoff Jacobs of KPMG were yesterday appointed as joint liquidators of The St Andrew Street Hotel Company Limited. Incorporated in 2008, the company operated the Hilton Garden Inn – Aberdeen City Centre, a 100-bed hotel subject to a ground lease, at St Andrew Street, Aberde
KPMG UK has appointed a new partner, three associate partners and four directors in Scotland as it prepares for further growth. The firm, which employs more than 1,200 people in Scotland, has promoted a total of 77 people across its offices in Glasgow, Aberdeen and Edinburgh, including Alistair McAl
A free event dedicated to Scottish family businesses, hosted by Royal Bank of Scotland, has kicked off this week, exploring how a strong and resilient business can be built in the current climate. With a mix of live panel discussions, interactive breakout sessions and a variety of supporting thought
KPMG is offloading its investor consultancy business Makinson Cowell to investment bank Lazard as the Big Four firm seeks to cull potential conflicts of interest between its auditing division and consulting work. Makinson Cowell is to move to Lazard at the start of December.
September marked the eighth month in a row of declining retail sales in Scotland, falling -6.0% on a total basis, according to the latest retail sales monitor from KPMG and the Scottish Retail Consortium (SRC).
Audit fees at the Big Four accountancy firms Deloitte, PwC, EY and KPMG increased by 6.9% last year as they increased their charges to account for tougher regulations introduced by the regulator. The Financial Reporting Council’s (FRC) 2020 Key Facts and Trends in the Accountan
Blair Nimmo, head of restructuring at KPMG in Scotland, discusses the landlord-occupier tensions during the coronavirus pandemic. Tensions between commercial landlords and their financially stressed tenants continue to grow, and how landlords respond will be critical to the recovery not only of
Kirsty Ross, head of KPMG’s family business team in Scotland, discusses the resilience of family businesses and how firms can use their generational experience to ride out the COVID-19 storm. For Scotland’s family business community, 2020 will be a year to forget. A global pandemic, lock
The Financial Reporting Council (FRC) has indicated that rule breaches have been discovered in its investigation into KPMG’s audits of collapsed contractor Carillion.
To mark the end of Scottish Food & Drink Fortnight, Susan Dunlop shares a few thoughts on the prospects for the industry in the coming months with uncertainty dominating. For many of Scotland’s food and drink suppliers, producers and retailers, the last six months have been arguably the mo