BusinessCompany NewsPwC tightens grip on FTSE 100 audits

PwC tightens grip on FTSE 100 audits

PricewaterhouseCoopers increased its stranglehold on FTSE 100 audits as a result of PartyGaming’s sudden exit from the main market

The online gambling group’s fall from the top tier of the
London Stock Exchange
sparked a chain reaction and led to a reshuffle in the top 100.

PwC is set to audit a
total of 45 FTSE 100 companies, after retail group GUS completes its demerger
into Experian Group and the Home Retail Group, both of which are expected to
appoint PwC as auditor.

As PartyGaming
dropped into the FTSE 250, its sister company 888 Holdings ­ also audited by BDO
Stoy Hayward ­ dropped out of the FTSE 350 completely.

Separately, PwC’s Irish firm could lose its Aer Lingus audit if budget
airline Ryanair, audited by
KPMG, succeeds in taking
over its rival.

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