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Cenkos confirms FCA investigation into Quindell role

Wed, 27th Jul 2016 09:53

(ShareCast News) - Broker Cenkos has confirmed that it is being investigated by the Financial Conduct Authority (FCA) over its work advising Quindell, which has since become Watchstone Group.Cenkos noted recent media speculation that it was being probed into its work advising Quindell on its short-lived plans to move to the main market of the London Stock Exchange in 2014."The company can confirm that there is an FCA investigation in progress but no further details can be provided until the FCA have concluded their investigation."Quindell, then an insurance claims processor before it sold this business to Australian lawfirm Slater & Gordons last year, was thwarted in its effort to move from the LSE's junior AIM market to a premium listing on the main market due to a technicality.The company, which at the time had designs on being added to the FTSE 250 index, was advised in June 2014 that it had failed to satisfy all the listing criteria for the move.In particular it was snagged by a failure to satisfy Listing Rule 6.1.3, which renders ineligible any companies that have undergone a significant change in their scale during the last three years' audited accounts.Quindell said at the time that it would examine listings in other markets such as America.
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27 Apr 2018 09:00

Watchstone 2017 Loss Widens On Impairment Charges And Higher Expenses

LONDON (Alliance News) - Watchstone Group PLC on Friday reported a widened loss for 2017 and warned on challenges in its insurance brokerage business ingenie.The IT service management a of

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16 Feb 2017 08:07

Watchstone's Hubio files claims against Aviva Canada

(ShareCast News) - Watchstone's wholly-owned subsidiary, Canada's Hubio Solutions, has issued a claim in the Ontario Superior Court of Justice against Aviva Canada in respect of breach of contract and unpaid amounts due under an agreement made in October 2014. Aviva Canada has filed a claim against

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19 Sep 2016 09:43

WINNERS & LOSERS SUMMARY: Mitie Shares Drop 25% After Profit Warning

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19 Sep 2016 07:34

Watchstone sees 'no grounds' for Slater & Gordon legal claim

(ShareCast News) - Watchstone Group said it will "robustly" contest a claim brought against it by Slater & Gordon (SGH) over the purchase of its professional services business last year from what was then known as Quindell. With the Australian lawfirm's claim pending, part or all of a £50m staged pa

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16 Sep 2016 12:38

Watchstone Group reports narrower first-half loss

(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, reported a narrower loss for the first half as revenues grew. In the six months to the end of June, the pre-tax loss narrowed to £8.2m from £32.3m in the same period a year ago, as underlying revenues rose

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9 Aug 2016 11:12

FCA fines broker Cenkos £530,000 for failed Quindell LSE promotion

(ShareCast News) - Small cap stockbroker Cenkos Securities was fined £530,000 by the Financial Conduct Authority (FCA) on Tuesday for failing as a sponsor to scandal-hit Quindell. Cenkos advised Quidell, at the time an insurance claims processor and since rejigged and renamed Watchstone, on its fail

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23 Jun 2016 15:08

UK Shareholder Meetings Calendar - Next 7 Days

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14 Jun 2016 08:46

Watchstone Gets US Court Approval To Settle Navseeker Lawsuit (ALLISS)

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27 May 2016 10:35

Watchstone FY loss narrows but impairment charges a drag

(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, posted a slightly narrower loss for the year to the end of December. The company, which made management changes and renamed itself in November in a bid to clean up its reputation following probes into its

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27 May 2016 07:28

Watchstone Books Another Loss On Writedowns But 2016 Trading In Line

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24 Apr 2016 11:25

Sunday newspaper round-up: Barclays, Battersea, Retailers

(ShareCast News) - Barclays has come under attack from top investors over its plummeting share price and "confusing" turnaround plans. Britain's second-biggest bank by assets is braced for an onslaught at this week's annual meeting, with shareholders set to vent their spleen over its dire performanc

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18 Apr 2016 14:58

Watchstone Group rejects conditional proposal

(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, noted the recent jump in its share price and confirmed it has received a draft and highly conditional, non-cash proposal from a private company for all of its assets, excluding the actual and contingent li

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18 Apr 2016 13:49

Watchstone Group Rejects Draft Proposal From Private Equity Firm

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7 Mar 2016 10:59

Watchstone Group To Sell Loss-Making Quintica For GBP1.4 Million

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