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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

KPMG to merge UK, Swiss ops

  • KPMG UK said it is in discussion with Swiss firm to explore ways to bring greater benefits
  • KPMG rival EY recently failed in a bid to split its audit and consulting units, causing its boss Carmine Di Sibio to retire a year early

London, United Kingdom – Accountancy giant KPMG on Thursday said it was looking into a merger of its UK and Swiss divisions to grow profits.

“We have started conversations with our Swiss firm to explore how working more closely together would bring greater benefits to our clients, people and partners,” chief executive of KPMG UK, Jon Holt, said in a statement.

“Together, we would grow faster, be more profitable and do so in a sustainable way.”

The UK unit employs about 17,000 staff and the Swiss arm more than 2,600.

KPMG rival EY recently failed in a bid to split its audit and consulting units, causing its boss Carmine Di Sibio to retire a year early.

EY last month said Janet Truncale would take over as chief executive from July, becoming the first woman to head the group.