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 [...]
London growth strengthens as UK rebounds December 7, 2014 Economic growth in the UK rose to a stronger pace in November, new survey data shows. The UK purchasing managers’ index – a survey of private sector firms – rose to 57.6 in November from October’s 55.8, according to figures released today by Lloyds Bank. A score above 50 signifies expansion. The figures represent a [...]
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 [...]
World Cup and an improving Irish economy help to spur TV and radio growth for UTV November 13, 2014 Northern Irish radio and television broadcaster UTV yesterday announced a nine per cent increase in revenue to £84.7m in the nine months to 30 September, thanks in large part to improving economic conditions in the UK and Ireland. UTV held the radio rights to the 2014 World Cup in Brazil, which helped to boost its [...]
Dollar falls as US unemployment drops – but not enough November 7, 2014 The dollar wobbled, then fell 0.15 per cent against the pound after the US announced weaker-than-expected jobs growth. Non-farm payroll figures published by the US' Bureau of Labor Statistics today showed the country added 214,000 jobs in September, a drop from September's 256,000 and way below expectations of 235,000. Unemployment fell to 5.8 per cent, [...]