Insurance technology company, Quindell, is planning to change its name to Watchstone Group, pending shareholder approval. The firm is also planning a 10-for-one share merger and a reduction of shareholder capital as part of the previously announced £414m payment to shareholders. A general meeting will be held on 26 November to allow shareholders to vote on the planned changes. Quindell […]
Troubled insurance group Quindell has reported further losses and warned that the damage caused to its reputation by previous scandal is hindering it from making a recovery. The company posted a first-half pre-tax loss of £35.5m, showing almost no improvement on the £35.7m loss it suffered in 2014, on revenues that slid to £35.3m from £42.8m. Trading since the end […]
Tantalum, a company owned by City financier Edi Truell, still wants to buy Quindell even though the Serious Fraud Office has launched a criminal investigation into the scandal-hit firm. Chief executive of Truell’s telematics venture Tantalum, Cedriane de Boucaud, said revelations Quindell had overstated its results would not deter her. Tantalum supplies technology which allows firms to track their vehicles […]
Quindell Plc (‘Quindell’ or the ‘Company’ or the ‘Group’) Further to the announcement on 29 May 2015 in respect of the completion of the disposal of the Group’s Professional Services Division (‘PSD’) and confirmation that PricewaterhouseCoopers LLP’s (‘PwC’) review of, inter alia, certain Group accounting policies was complete, the Company has been progressing its own review and the audit of […]
The Financial Conduct Authority (FCA) notes the statements issued this morning by Quindell PLC. The FCA can confirm that it has commenced an investigation into Quindell PLC under the Financial Services and Markets Act 2000 in relation to public statements made regarding Quindell’s financial accounts during 2013 and 2014. The FCA will liaise with other agencies regarding these matters as […]
On 30 March 2015, the Company announced that it had entered into a conditional sale and purchase agreement to dispose of its Professional Services Division to Slater and Gordon Limited (‘Disposal’) subject to certain conditions. The Board is pleased to announce that the approval of the Financial Conduct Authority has been granted and the Disposal is now unconditional. Completion will […]
Following the proposed sale of its Professional Services Division to Slater and Gordon Ltd, Quindell has announced the appointment of Mark Williams as group finance director. On 30 March 2015, Quindell announced the proposed sale of its Professional Services Division to Slater and Gordon Limited and certain board changes that would follow completion of that disposal. Completion is conditional on, […]
Following its temporarily suspension on the AIM yesterday, Quindell recommenced trading yesterday afternoon. Yesterday, Quindell issued a statement on the London Stock Exchange stating: On 30 March 2015, the board of Quindell wrote to shareholders advising them that the company had entered into a conditional sale and purchase agreement to dispose of the Professional Services Division to Slater and Gordon […]
The Telegraph has reported that Quindell has suspended trading in its shares after a mistake was discovered in the information it has given shareholders about its £637m deal with Slater and Gordon. An official statement on the LSE is yet to be published. A spokesman for the AIM-listed company said it was a ‘technical issue’ and that there was a […]
Quindell founder Rob Terry has acquired a 7.4% stake in Daniel Stewart, sending the brokers’ shares soaring. Shares in Daniel Stewart soared 750% to close at 1.7p, following the purchase of 31.25m shares by former executive chairman of Quindell, Rob Terry. The acquisition takes his number of shares to 52m, taking his total stake in the firm to 7.4 per cent. […]