Audit - Deloittes goes solo.
Deloitte & Touche is set to become the sole auditor for the Daily Mail and General Trust, owner of Associated Newspapers and Euromoney publications.
Previously, D&T had shared the work with PricewaterhouseCoopers, covering different divisions, but DMGT has decided, for regulatory and other reasons, it would be ‘desirable to appoint a single firm’.
Following a competitive tender, PwC resigned the audit and the directors have put forward D&T for approval as sole auditor at its agm. DMGT recently reported a half-year operating profit of #103m, buoyed by the success of its new free newspaper, Metro, which is expected to break even by 2002.
The directors expressed their thanks to PwC for the service it had provided.
Other titles in the DMGT stable include the Daily Mail, Mail on Sunday and Evening Standard.
For more details of the DMGT’s interim results, go to www.dmgt.co.uk.