BusinessCompany NewsBarratt Developments joins the FTSE 100

Barratt Developments joins the FTSE 100

PwC adds another string to its bow

Barratt
Developments
has joined the FTSE 100 index, giving PricewaterhouseCoopers
yet another top audit client and realising finance director Mark Pain’s
ambitious goal.

After the latest FTSE 100 reshuffle, the housing developer dumped Bradford
& Bingley out of the blue riband index.

Almost as soon as he was appointed, Pain signalled his intention to lead his
new company into the FTSE 100 through an aggressive plan focused on greater
leverage of the company’s balance sheet.

The move also means that Barratt’s auditors, PwC, gain another FTSE 100 audit
at the expense of Bradford and Bingley’s and its auditors KPMG.

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