PracticeConsultingDeloittes committed to Huntingdon

Deloittes committed to Huntingdon

Deloitte & Touche has confirmed that it will continue to act as auditor of embattled drug-testing group Huntingdon Life Sciences.

The news followed HSBC’s decision to cut ties with the company.

The bank is to drop its stake of nearly one per cent in the company which it held on behalf of some clients in a nominee account following pressure from an anti-vivisection group, Stop Huntingdon Animal Cruelty.

A spokesman for Deloittes confirmed the firm had no plans to resign from the audit, adding: ‘We are surprised to have even been asked the question.’

The firm said that it had not recently been the target of any action from the animal rights group.

Since the beginning of the campaign, HLS has seen its share price fall, the sale of an 11% stake held by Phillips & Drew and the departure of its broker WestLB Panmure.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer