Quindell eyed in parliament as Lord Myners questions company’s activities December 12, 2014 Former City minister Lord Myners has asked the government whether it will investigate embattled insurance outsourcer Quindell, its board of directors or its financial advisers. The written parliamentary question, first reported by the Financial Times, was put to the government on 1 December. Myners said: To ask Her Majesty's government whether they are investigating Quindell and [...]
Former Quindell chair slashes his share holdings December 10, 2014 SHARES of embattled insurance outsourcer Quindell lost over a quarter of their value yesterday after founder and former chairman Rob Terry sold off most of his remaining stock. Since April, when mysterious US short seller Gotham City Research published a note questioning its business and profits, shares in the company have lost more than 80 [...]
China’s equities market connect off to slow start December 10, 2014 A LANDMARK policy that allowed greater access to and from China’s closed-off financial markets has failed to inspire in its opening weeks. The Shanghai-Hong Kong stock exchange connect allows foreign investors to buy shares listed on the Shanghai bourse for the first time ever. It also allows Chinese investors to purchase foreign assets via Hong [...]
Former Quindell chairman, Rob Terry, sells most of his stake, sending share price down by almost half December 10, 2014 Quindell klaxon, everyone: former chairman Rob Terry has sold off most of his remaining stake in the embattled insurance outsourcer, sending shares plummeting by almost half their value, to 24.1p. The company has been at the centre of a massive loss of confidence over the past few months. Since April, when mysterious US short seller [...]
Quindell stock rocked as PwC probes figures December 8, 2014 TROUBLED insurance outsourcer Quindell witnessed its share price plummet 16 per cent yesterday morning after it announced it had hired PwC to carry out an independent review into its accounting practices. Quindell said in a statement it had appointed the Big Four accountant to review its “main accounting policies and expectations as to cash generation [...]
Quindell share price plummets as it hires PwC to carry out review into accounting December 8, 2014 Shares in embattled insurance outsourcer Quindell plunged as much as 16 per cent as the market opened this morning, after it announced it had hired accounting giant PwC to carry out an independent review into its accounting practices. The company, whose shares have lost more than 90 per cent in value since April, said the review [...]
Quindell share price leaps as it issues its final 100,000 shares December 5, 2014 Shares in troubled insurance claims processor Quindell bounced by more than six per cent to more than 55p in early trading as it listed its final tranche of 101,586 ordinary shares. In a statement to the stock market today, the company said the shares will be admitted to trading on the small-cap Aim market on [...]
Quindell director gives up on controversial share agreement November 26, 2014 CRISIS-hit insurance outsourcer Quindell announced yesterday that finance head Laurence Moorse had relinquished his rights under the now-infamous share transfer agreement with Equities First Holdings (EFH). Moorse, along with former Quindell chairman Rob Terry and non-executive director Steve Scott, entered into the agreement with the US alternative finance provider last month. The deal saw the [...]
UK commercial property beats equities as most profitable asset November 26, 2014 UK COMMERCIAL property was one of the best asset classes to invest in over the past year. Research from Lloyds Bank released today show investment returns on UK Commercial property were 20.1 per cent in the year to October – the highest among the nine key asset classes. It was followed by global equities, which [...]
Drone company Strat Aero floats on Aim after raising £650,000 in placing November 16, 2014 Aerospace services company Strat Aero begins trading on Aim today, following a placing of 8,125,000 shares to raise £650,000. The placing values the company at around £6.2m, and the funds raised will be used to provide working capital to explore existing and new opportunities. Strat Aero will be focusing particularly on the growing market for [...]