26 Nov 2015 14:42
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Don't have an account? Click here to register.Beleaguered Quindell posts drop in interim revenues
Wed, 30th Sep 2015 08:10
(ShareCast News) - Beleaguered insurance technology company Quindell, which is being investigated by the Serious Fraud Office over its accounting policies, posted a drop in revenue and a pre-tax loss for the first half of the year.For the six months ended 30 June, the pre-tax loss came in at £35.46m from £35.54m in the same period last year, on revenue of £35.33m, down from £42.84m.The half-year figures come just seven weeks after Quindell issued its full-year results restating past earnings.Chief executive Indro Mukerjee, who started on 7 September, said: "With shareholder value clearly in mind, I will work quickly and methodically on the group's opportunities and challenges. I plan to share an outline strategy around the turn of the year."In the meantime, I will be focusing on: establishing good governance and operational integrity; dealing with the group's losses as quickly as possible; and creating the best platform possible for future growth based on clear and compelling value propositions."At 0823 BST, shares were up 0.8% at 98p.
More News
19 Nov 2015 16:22
9 Nov 2015 14:29
Quindell confirms capital return plans and Watchstone rebrand
(ShareCast News) - Insurance technology group Quindell outlined its capital return plans on Monday and said it was seeking shareholder approval to rebrand itself as Watchstone Group. The company, which is currently being investigated by the Serious Fraud Office (SFO) over its accounting policies, sa
Read more4 Nov 2015 12:53
Quindell completes Canadian physiotherapy purchase
(ShareCast News) - Quindell has completed the acquisition of Canadian physiotherapy and rehabilitation services provider PT Healthcare Solutions, in exchange for new shares. Small cap favourite Quindell, which recently confirmed it intended to pay a 90p-per-share special dividend in December, bought
Read more2 Nov 2015 11:40
Quindell plans to return GBP415m to shareholders
(ShareCast News) - Beleaguered insurance technology group Quindell announced plans to return £415m to shareholders in December following the sale of its professional services division, subject to court approval. The company, which is currently being investigated by the Serious Fraud Office over its
Read more9 Sep 2015 09:19
Quindell buys remaining stake in PT Healthcare Solutions
(ShareCast News) - Beleaguered insurance technology company Quindell has agreed to buy the remaining 50.1% stake that it does not already own in Canada's PT Healthcare Solutions. Under the terms of the deal, which is expected to complete in mid-October, Quindell will issue 9.47m ordinary shares of 1
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