Quindell share price jumps 16 per cent as it confirms plans to sell part of its business January 2, 2015 It looks as though Quindell is making an early start to its new year's resolutions. Shares in the troubled insurance outsourcer jumped more than 16 per cent in mid-morning trading after it confirmed this morning it has entered into exclusivity arrangements with a third party to dispose an operating division in order to improve its [...]
Afren shares jump as company reveals approach from Seplat December 22, 2014 TROUBLED oil firm Afren’s shares rose by as much as 22 per cent yesterday as it was revealed that the company has received a takeover offer from Nigerian rival Seplat Petroleum Development. According to Afren, Seplat has made a “highly preliminary approach”, and there can be no certainty that an offer will be made. Seplat’s [...]
From Quindell and Gotham City to Uber and the LDTA – five of the biggest business battles to watch out for in 2015 December 22, 2014 Rival camps have banded together, the lines are drawn, battle armour is on and adrenaline is running high. All that's left for spectators to do is grab some popcorn and watch from the ringside. From rival estate agents, to a business targeted by a Batman styled US fund and an influx of tiny new banks [...]
Private equity floats at highest since 1998 December 21, 2014 NEW STOCK market listings of private equity backed firms like SSP, led by chief executive Kate Swann, rose to their highest level since 1998 this year, according to figures from the centre for management buy-out research, at EY and Equistone. There were 43 PE-backed floats across Europe in 2014, worth €44bn, according to the stats.
Saga on track to meet market expectations in full year results December 17, 2014 Insurance firm Saga issued a trading update yesterday and confirmed that the company’s new chief financial officer will take up his role in April 2015. The firm, which specialises in products and services for customers over the age of 50, announced that Jonathan Hill, previously at Bovis Homes Group, had been appointed to the position [...]
Quindell eyed for group legal action by rival law firm Your Legal Friend December 16, 2014 Embattled insurance outsourcer Quindell is being eyed for potential group legal action by a rival law firm Your Legal Friend. Liverpool-based Your Legal Friend, which was formerly known as Camps Solicitors, is appealing for investors burnt by their investment in Quindell to get in touch. The company's share price has lost around 75 per cent in [...]
With Lending Club’s IPO capping off another string of tech floats, is the sector in a bubble? December 14, 2014 Jasper Lawler is market analyst at CMC Markets, says Yes. Tech stocks are not seeing the same excesses as in the dot-com boom. But there are some clear parallels to be drawn, and lofty valuations support exercising caution. The dot-com bubble was characterised by the boom and bust of Pets.com, and in 2014 we’ve seen [...]
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 [...]