Shareholders at Telford Homes have staged a rebellion over the reappointment of PwC as auditor.
Only 56% of the housebuilder’s shareholders voted in favour of reappointing PwC at the company’s annual meeting yesterday.
ISS, the shareholder adviser, called for a vote against the firm because of its work for technology services provider Redcentric. PWC and two of its partners were fined a total of £4.8m by the audit regulator last month over a £25m hole in the books of Redcentric, which caused shares to crash.
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