Sainsbury's to drop auditor PricewaterhouseCoopers for Ernst & Young

Reuters
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LONDON, Jan 16 (Reuters) - British grocer Sainsbury's plans to drop PricewaterhouseCoopers as its auditor this year and replace it with rival Ernst & Young , it said on Friday.

Sainsbury's said its board will recommend the change to investors for their approval at its annual shareholders' meeting in July.

It said the move follows a formal tender process.

Sainsbury's said PricewaterhouseCoopers will audit the results for the year to March 14 2015 before Ernst & Young takes over.

(Reporting by James Davey, Editing by Paul Sandle)

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