A round up of other news this week.
KPMG in the UK’s Head of Retail, Paul Martin, comments on the retail sales below expectation performance in April. The April figures are positively distorted by the timing of the run-up to Easter, which was in April this year compared to March in the previous year. One way of correcting for this distortion is to look at the two year average, since the Easter effect was reversed last year, depressing sales in April 2018.
A new report, Fintech Focus, launched during UK Fintech Week by KPMG in conjunction with Clarus Investments, finds that the median Internal Rate of Return (IRR) from the latest funding rounds, were notably higher for fintechs with female founders. Anton Ruddenklau, KPMG Fintech Global Co-Head, said: “While the number of female founders or co-founders is low, the fact that they typically achieve a higher rate of return is a clear vote for more diversity.”
© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.