26 Nov 2015 14:42
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Don't have an account? Click here to register.Quindell shareholders approve Slater & Gordon deal
Fri, 17th Apr 2015 14:30
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.Once Quindell sells its professional services unit, which accounts for around 90% of the group's business, it has pledged to return up to £500m to shareholders, or around £1 per share in the second half of 2015.After completion, the AIM-listed company, which earlier this month appointed a new finance director and has begun the search for a new chief executive as current CEO Robert Fielding is moving to Slater & Gordon upon completion of the deal, will be focused on its insurance technology business.The deal ends a difficult year for Quindell, since the New York-based short-seller Gotham City Research questioned Quindell's financial health last April. Quindell has also suffered from the sudden departure of its founder Rob Terry following a share-dealing scandal.
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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 more30 Sep 2015 08:10
Beleaguered Quindell posts drop in interim revenues
(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 £35.46
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
Read more