October News in Brief: KPMG boosts turnover and staff bonuses

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An at-a-glance round-up of the latest accounting news.

KPMG boosts turnover and staff bonuses

KPMG has reported revenue growth of 20% for 2005, with turnover for the year to 30 September reaching 1.28 billion. The Big 4 firm says that 93% of FTSE 100 companies were KPMG clients during the year. Christmas bonus payments to KPMG's 8,950 UK staff will total 59 million, compared to 35 million last year.

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New opportunities in the legal sector

Proposals in a government white paper could allow accountants to become partners in law firms.

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Profit warnings up

Profit warnings issued by UK quoted companies in the...

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