29 May 2015 11:47
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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
29 May 2015 11:42
Quindell pledges "£1 per share" capital return after review finds "aggressive" accounting
An independent review into accounting practices at Quindell's disposed legal claims business found they were at "the aggressive end of acceptable practice", as the company finally completed the deal and said it expected to return more than £1 per share from the sale. Shareholders and regulators of b
Read more29 May 2015 05:17
28 May 2015 16:27
22 May 2015 08:57
Quindell given FCA approval for Slater & Gordon deal
Quindell has received the final regulatory go-ahead to complete the sale of its professional services division to Australian law-firm, Slater & Gordon in a deal worth £700m. Approval for the deal has been granted by the Financial Conduct Authority, meaning the disposal is now unconditional and compl
Read more22 May 2015 07:47
BUZZ-Quindell Plc: Up on financial watchdog approval for unit sale
** British IT outsourcing and consultancy firm Quindell's shares up 2.3 pct after co says Britain's financial watchdog approves deal with Australia's Slater & Gordon Ltd ** Co says disposal of its professional services division, which provides legal, claims management, health and medical r
Read more22 May 2015 04:02
BUZZ-Australia's Slater and Gordon up on regulatory approval for Quindell unit buy
** Slater and Gordon Ltd rises as much as 2.1 pct to highest since May 19 ** UK's Financial Conduct Authority approves acquisition of professional services division of Quindell PLC ** Consumer law firm says transaction will deliver "significant value" to all its shareholders **
Read more20 Apr 2015 07:26
20 Apr 2015 05:39
19 Apr 2015 14:46
Quindell receives takeover approach, sources claim
Quindell received a takeover approach for its telematics business from Tantalum, a company connected to City financier Edmund Truell, reports said late on Friday. The telematics business, which monitors motorists as they drive, now makes up the majority of the AIM-listed group following the decision
Read more17 Apr 2015 14:30
Quindell shareholders approve Slater & Gordon deal
Shareholders in Quindell on Friday voted to approve the £700m sale of the company's "no win, no fee" personal injury business to Australian law-firm Slater & Gordon. The deal still remains conditional on approval of both the UK Solicitors Regulation Authority and the Financial Conduct Authority. On
Read more