KPMG biggest winner from FTSE 100 reshuffle
PwC still leads the field with 37 FTSE 100 audits but KPMG gains ground as volatile economic conditions see 10 companies swap places
KPMG will leapfrog Deloitte in terms of FTSE 100 audit clients after the
first index reshuffle of 2009 later this month.
On 23 March, KPMG will make a net gain of two FTSE 100 audits, bringing its
tally to 24, while one of Deloitte’s clients drops into the FTSE 250, giving it
23 clients in the top flight.
Tate & Lyle (PwC), London Stock Exchange Group (PwC), First Group
(Deloitte), Wolseley (PwC) and 3i Group (E&Y) will leave the FTSE 100 and be
replaced by silver miner Fresnillo (E&Y), platinum producer Lonmin (KPMG)
Petrofac (E&Y), Intertek Group (KPMG) and Foreign & Colonial Investment
Trust (PwC).
After a net loss of two clients to the FTSE 250, PwC will still lead the
field with 37 FTSE 100 audits while Ernst & Young now has 14. BDO is the
only firm outside the Big Four to boast a FTSE 100 audit client.