Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksQuindell Share News (QPP)

  • There is currently no data for QPP

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Quindell confirms capital return plans and Watchstone rebrand

Mon, 09th Nov 2015 14:29

(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, said it will return £414m or around 90p per share in aggregate to shareholders.Following the capital return, in addition to its operating businesses, Quindell expects to retain around £90m in cash.The company, which recently completed an acquisition of a Canadian physiotherapy company, said shareholders will vote on the name change and capital return at a meeting in London on 26 November.Although Quindell did not give any reason for the name change, it is likely the move is an attempt to distance itself from its recent boardroom issues and mixed reputation with investors since a legal battle against New York analyst firm Gotham City.The SFO announced that it was launching an investigation into Quindell after its new management team said in August that the £107m pre-tax profit reported in 2013 had been misstated and the company had actually experienced a £64m loss.Shares in Quindell were up 1.3% to 99p by late afternoon on Monday.
More News
29 Jun 2015 06:09

Slater & Gordon confirms UK accounting errors, regulator probe

SYDNEY, June 29 (Reuters) - Australian law firm Slater & Gordon said on Monday it was being investigated by the Australian Securities and Investments Commission (ASIC) over errors in its reporting of UK cashflows, sending its shares down 26.4 percent. Slater & Gordon said it had started its

Read more
25 Jun 2015 10:31

CORRECT: WINNERS & LOSERS: Ex-Dividend Companies Weigh On Indices

Read more
25 Jun 2015 10:15

WINNERS & LOSERS: Ex-Dividend Companies Weigh On Main London Indices

Read more
25 Jun 2015 07:12

Imaginatik Shares Up As It Says Rob Terry Increases Stake Beyond 4% (ALLISS)

Read more
24 Jun 2015 13:44

TIMELINE-Once a market high-flyer, Quindell falls from grace

June 24 (Reuters) - Britain's financial watchdog launched an investigation into the public statements of Quindell Plc's financial accounts during 2013 and 2014. Following are details of what has been a tumultuous year for the IT outsourcing company. Key events: April 2014- Quin

Read more
24 Jun 2015 10:14

TOP NEWS: Greek Prime Minister Tsipras In Crisis Talks In Brussels

Read more
24 Jun 2015 09:17

UPDATE 1-UK watchdog to investigate Quindell's accounts

(Adds details, background) By Noor Zainab Hussain June 24 (Reuters) - Britain's financial watchdog has launched an investigation into Quindell Plc's public statements regarding its financial accounts, dealing another blow to the beleaguered technology and outsourcing company. Th

Read more
24 Jun 2015 08:53

BUZZ-Quindell: FCA steps in, stock suspended

** Quindell shares suspended as FCA confirms an investigation into troubled company's financial statements ** FCA investigation latest development in a more than year long saga that began in April last year when Gotham City Research raised question marks over the company's profits **

Read more
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

Read more
24 Jun 2015 08:15

UPDATE: UK Financial Conduct Authority Investigates Quindell Accounts

Read more
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

Read more
24 Jun 2015 07:31

LONDON BRIEFING: Broker Notes Move Shares As Market Awaits EU Summit

Read more
24 Jun 2015 07:08

UK Financial Conduct Authority Launches Investigation Of Quindell

Read more
23 Jun 2015 11:12

LONDON MARKET MIDDAY: Wall Street To Follow Europe And Asia Higher

Read more
23 Jun 2015 10:44

REPEAT: WINNERS & LOSERS: Ladbrokes Leads FTSE 250 On Merger Talks

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.