10 Apr 2015 15:01
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Don't have an account? Click here to register.Quindell plans to return GBP415m to shareholders
Mon, 02nd Nov 2015 11:40
(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 accounting policies, said it will repay 90p per share and a further 10p per share in cash following the anticipated release at the end of 2016 of the £50m warranty escrow put in place as part of the disposal.Quindell said that as previously announced, it will make further distributions as contingent consideration from the disposal of the PSD is realised.The company said it has performed a preliminary valuation exercise based on the information available at the point of disposal and has determined that a prudent estimate of the current value of the contingent consideration is around £39.6m.Quindell expects to issue a circular relating to the capital repayment to shareholders on 11 November 2015, with a court hearing to follow on 16 December 2015.At 1150 GMT, Quindell shares were down 2% at 100.25p.
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2 Apr 2015 00:28
BUZZ-Australia's Slater and Gordon rises on Quindell acquisition
** Law firm Slater and Gordon Ltd's shares rise as much as 5 pct, reaching year-high ** Executes agreement to buy Quindell PLC's professional services division ** Confirms its FY15 guidance for existing operations ** Stock third-largest percentage gainer on ASX All Autralian 20
Read more1 Apr 2015 15:52
Quindell shares reinstated after profit clarification
Shares in Quindell were temporarily suspended on Wednesday before the company issued a statement confirming its offloaded professional services arm had contributed a larger proportion of group profits than previously stated. On Monday the AIM-listed group confirmed it had sold the professional servi
Read more1 Apr 2015 13:41
BUZZ-Hedge funds cut shorts on Quindell after unit sale deal
** 3 of the 4 hedge funds holding significant short positions (>0.5%) on Quindell cut their shorts on the stock to less than 0.3% after co agreed to sell its Professional Services Division (PSD)on March 30 ** FCA data as of the close on Mar 30 shows Ennismore Fund Management's net short on
Read more1 Apr 2015 12:56
MEDIA-Quindell shares suspended after error found in deal announcement - The Telegraph
-- Source link: (http://bit.ly/1C7u1NC) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more30 Mar 2015 16:45
London close: FTSE snaps four-day losing streak on China hopes and upbeat data
London's Footsie managed to hold on to gains by the close on Monday, snapping a four-day losing streak, as hopes for stimulus in China and strong economic data gave sentiment a boost. The FTSE 100 finished up 0.53% at 6,891.43, though it remains well below its record closing high of 7,037.67 reached
Read more30 Mar 2015 11:57
London midday: Chinese stimulus hopes drive UK stocks higher
UK stocks were in positive territory on Monday for the first time in five days as speculation about stimulus in China buoyed sentiment. Positive economic data also helped the mood in London, with UK mortgage approvals and Eurozone consumer confidence rising more than expected. The FTSE 100 was up 0
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