FT9 Nov 2015 08:22
They say you can't escape the past, but Quindell is giving it a try.
The troubled insurance technology company, which came under scrutiny from the Serious Fraud Office in August over past business and accounting practices, is changing its name to Watchstone Group, writes Joel Lewin.
But before it adopts its new identity, the company has one final act to conduct under the Quindell name.
As outlined earlier this month, it is returning £415m to shareholders, perhaps some consolation for an 18 month period during which its shares have fallen more than 85 per cent.
The payout comes from the £637m Quindell received from the Australian-listed legal group, Slater & Gordon, for its professional services division.