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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.
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24 Jun 2015 09:17

UPDATE 1-UK watchdog to investigate Quindell's accounts

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24 Jun 2015 08:53

BUZZ-Quindell: FCA steps in, stock suspended

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24 Jun 2015 08:24

Quindell under investigation from FCA

Software and consultancy group Quindell is under investigation from the Financial Conduct Authority, the company revealed on Wednesday. In a short statement, the London-listed group said it will co-operate "fully" with the probe, which focuses on "public statements made regarding the financial accou

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24 Jun 2015 08:15

UPDATE: UK Financial Conduct Authority Investigates Quindell Accounts

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24 Jun 2015 07:33

Quindell says FCA investigating historical financial statements

June 24 (Reuters) - Quindell Plc said Britain's financial watchdog had begun investigating the technology and outsourcing company's public statements regarding its financial accounts during 2013 and 2014. The company said the FCA had commenced investigations under the Financial Services and

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