Scotland is poised for a gradual economic recovery with steady growth predicted over the medium term, according to KPMG UK's inaugural Scottish Economic Outlook report. The forecast shows growth of 0.4% for the Scottish economy this year, similar to the rest of the UK, but relatively weak by histori
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A Big Four accounting firm has announced plans to expand its hiring of ex-offenders following a successful two-year trial period.
The first quarter of 2024 has seen nearly £100 million invested in Scottish businesses, according to KPMG UK. Showing that a total of 19 firms shared £98m in venture capital (VC) investment, the Big Four firm's Private Enterprise Venture Pulse report highlights a notable increase in vent
Ahead of the UK's biggest lenders reporting first quarter results, research from KPMG UK has shown that while banking executives in Scotland are optimistic about overall business growth and profitability in the quarter, inflation, interest rates and cost pressures are the biggest challenges that co
The search for the top tech innovator in Scotland has been launched as part of annual competition to highlight the next great technology business. The competition – KPMG Private Enterprise Global Tech Innovator – is now in its 11th year and has seen previous winners such as What3Words, S
Nearly a third (29%) of senior leaders in the financial services sector in Scotland use generative AI at least once a day at work, according to new research from KPMG UK.
Nearly half of consumers (49%) in Scotland say they have cut non-essential spend in the first quarter of the year, according to new research from KPMG.
The US audit regulator, the Public Company Accounting Oversight Board (PCAOB), has fined KPMG Netherlands a record $25 million (around £20m) after it found that hundreds of the firm's staff, including senior partners and managers, cheated on professional exams.
Retail sales in Scotland have seen a 2.8% increase in the five weeks to 30 March 2024, buoyed by the early arrival of Easter. This growth is above the 3-month average increase of 2.1%, though below the 12-month average of 5.2%. Adjusted for inflation, the year-on-year growth stands at 1.5%.
A KPMG report has revealed that 115 Scottish companies received over £359 million in venture capital (VC) funding in 2023 – almost half the 2022 total. The Venture Pulse Survey shows this is a marked a decline from record levels seen in 2022 and 2021, which were £707m and &pou
Business leaders in Scotland’s financial services sector have expressed their confidence about business growth for the second quarter of 2024, according to new research from KPMG UK. The quarterly survey of senior executives working in the sector found that business confidence remains high, bu
KPMG has been fined £1.5 million by the Financial Reporting Council (FRC) for "serious failings" in its audit of prominent advertising agency M&C Saatchi.
Scottish retail sales were stunted in the first four weeks of 2024, according to the latest Scottish Retail Consortium (SCR) and KPMG Scottish Retail Sales Monitor.
Figures published today from KPMG UK’s Fraud Barometer, which records alleged fraud cases with a value of £100k and above, has shown the number of reported fraud cases outside of the London region rose to 183 cases in 2023, up from 172 in 2022. Within this, the Midlands had 37 cases reac
KPMG has announced its highest partner pay since 2007, with average pay reaching £786,000 in the year to September. This increase of 4% comes even as pre-tax profits experienced a decline of nearly a fifth, reaching £364 million.