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Quindell

  • Quindell founder Rob Terry buys into Daniel Stewart sending shares up 750 per cent

    March 31, 2015

    Quindell founder Rob Terry upped his stake in broker Daniel Stewart sending the firms' shares soaring today. Shares in Daniel Stewart, which offers corporate advisory and institutional stockbroking services, jumped 750 per cent to close at 1.7p. They had only recently started trading again following a suspension in October for failing to publish its annual report. [...]

  • Quindell begins to recover with £637m law deal

    March 30, 2015

    QUINDELL chairman David Currie said yesterday that the company’s deal to sell its professional services division to Australian law firm Slater & Gordon was a watershed for the group. Shares in Quindell were up by over five per cent yesterday, after the £637m deal was confirmed. Currie told City A.M. it would help counter the [...]

  • Quindell share price soars following news of sale to Slater & Gordon

    March 30, 2015

    Following a lengthy "will they, won't they" back-and-forth worthy of any soap opera, Quindell has finally agreed to sell its professional services arm to law firm Slater & Gordon, with most of the proceeds to be given back to shareholders. The division accounts for around 90 per cent of the company. Quindell intends to use [...]

  • Investors get break from Quindell woes as board recommends offer

    March 16, 2015

    SHARES in the embattled insurance outsourcer Quindell surged yesterday, closing up 22 per cent on the news its board was due to recommend a £640m takeover offer. The offer from law firm Slater & Gordon marks a reversal of fortunes for investors who have seen their shares pummelled since a report by short-seller Gotham City, [...]

  • Quindell share price jumps 30 per cent after it confirms details of Slater & Gordon deal including possible £640m figure

    March 16, 2015

    Shares in embattled insurance outsourcer Quindell shot up today, following a report its board was on the cusp of recommending a £640m offer from law firm Slater & Gordon for its legal arm. Quindell's share price jumped as much as 27 per cent to trade at around 127 pence per share this morning. This means the [...]

  • Quindell’s share price drops after issuing more equity as it buys out Navseeker following legal dispute

    March 13, 2015

    Quindell's share price nudged down today after issuing almost 850,000 shares as it moves to fully buy Navseeker, following a legal wrangle with the company.    Last week the insurance outsourcer settled a US litigation in which it was claimed that Quindell, its subsidiary Himex and individuals Hassan Sadiq, Ismail Essack and Michael McFall had [...]

  • Quindell in £7.1m sale of stake in accident repair firm Nationwide

    March 5, 2015

    EMBATTLED insurance outsourcer Quindell yesterday announced it had sold its minority stake in Nationwide Accident Repair Service, after earlier denying it was looking to do so. Quindell said it had sold its entire holding – approximately 11m ordinary shares – in the British building society’s vehicle repair service at 65p a share. The company has [...]

  • UPDATE: Quindell share price recovers after it sells stake in Nationwide Accident Repair Services and announces share issue

    March 5, 2015

    Shares in insurance outsourcing firm Quindell started the day six per cent lower at 88p, but then bounced back to 91p by mid afternoon after it said it had sold its minority stake in Nationwide Accident Repair Services. It said it sold its stake in the British building society’s vehicle repair service on 4 March for 65 pence [...]

  • Quindell share price plummets as it asks for patience as it conducts independent review

    February 27, 2015

    Shares in embattled insurance claims processor Quindell opened 10 per cent lower after it asked for patience from its shareholders while it completes an independent review. The Aim-listed company, whose share price leapt last year before losing 90 per cent of its value, said the review was taking longer than expected because of "the high [...]

  • Quindell’s stock surges as it extends Slater & Gordon talks

    February 23, 2015

    STOCK in the beleaguered insurance outsourcer Quindell surged 26 per cent in trading yesterday, after the company said it had extended the exclusivity period for talks with Slater & Gordon over the sale of its professional services division. The news was aimed at dampening market speculation that negotiations with the Australian law firm had come [...]

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