Quindell set to top forecasts

OUTSOURCING group Quindell announced yesterday that it expected to meet the top end of full-year market forecasts as it continued to win big customers in the insurance market.

In a pre-close trading update, the software provider predicted revenue of £410m and said it would come in at the upper end of adjusted pre-tax profit forecasts of £128.8m.

Shares in the company closed up 3.4 per cent at 23p, hitting a fresh record high for the company, which is eyeing a move from Aim to the main London market.