Quindell share price leaps as it extends talks with Slater & Gordon over sale of legal services arm February 23, 2015 Shares in insurance outsourcer Quindell opened a staggering 27 per cent higher this morning, after it revealed it was in extended talks with Slater & Gordon over the sale of its professional service division, which will dampen market speculation that the talks had hit a wall. Quindell has assured investors that the offer would still "imply [...]
Quindell share price jumps 8.3 per cent as Morgan Stanley increases stake February 16, 2015 Shares in Quindell jumped more than eight per cent to 74.25p in mid-afternoon trading, after Morgan Stanley increased its stake to more than five per cent. Shares in the insurance claims processor lost more than 90 per cent of their value last year, after the company was accused of having "magical… paper profits" by mysterious US-based [...]
Quindell insists Slater & Gordon talks still on as share price tanks 20 per cent February 2, 2015 Quindell has moved to reassure investors that talks are still ongoing with legal giant Slater & Gordon after its share price tanked this morning. The troubled insurance claims processor, whose share price had been rallying since the start of the year, saw its share price fall by as much as 20 per cent today. [...]
Quindell on verge of selling operating unit January 22, 2015 TECH and outsourcing company Quindell confirmed it was in exclusive talks with Australian law firm Slater & Gordon for a possible sale of an operating unit. Quindell, founded by ex-CEO Rob Terry (pictured), said yesterday there was no certainty the talks would lead to an offer or a deal. The company said early this month [...]
Quindell confirms Slater & Gordon is in talks to buy its legal arm after share price rises 15 per cent on rumours January 22, 2015 Quindell has confirmed that law firm Slater & Gordon is in talks to buy "an operating division", thought to be its legal services arm. In a statement after the market closed, the insurance claims processor confirmed press speculation that the "third party" it had previously named was the law firm. Shares in the company rose [...]
New Quindell deputy chairman Jim Sutcliffe to step down from the Financial Reporting Council January 16, 2015 New Quindell deputy chairman Jim Sutcliffe will step down from his role as chairman of the Financial Reporting Council's (FRC) codes and standards committee "with immediate effect", the organisation said today. Sutcliffe was appointed as Quindell's new deputy chairman earlier this week, causing its shares to rise more than 26 per cent. But the troubled [...]
Quindell share price rises as investors give thumbs up to Richard Rose and Jim Sutcliffe appointments January 12, 2015 Investors in troubled insurance outsourcer Quindell yesterday welcomed the firm’s appointment of Richard Rose and Jim Sutcliffe as chairman and deputy chairman, despite it coming to light that the pair have been granted a combined 18.6m share options. The Hampshire-based firm’s stock was up 26 per cent in trading yesterday following the news. “All appointments [...]
Quindell share price leaps 27 per cent as it names Richard Rose as chairman and makes three more executive hires January 12, 2015 Shares in troubled insurance claims outsourcer Quindell jumped 27 per cent in late morning trading after it confirmed it has hired four new executives. Richard Rose, the chairman of online electrical goods retailer AO.com and cash-and-carry operator Booker Group, has been named as its new chairman, replacing Rob Terry who stepped down in November. Meanwhile [...]
Quindell share price edges up as it warns: “We definitely haven’t appointed a chairman yet” January 9, 2015 Shares in troubled insurance outsourcer Quindell edge 3.5 per cent higher in late morning trading after it issued a statement denying press speculation that it had appointed a chairman. However, the company added that "discussions are taking place with individuals", although "there can be no certainty that any appointment will be made imminently". Shares in [...]
Quindell share price soars 29.6pc as hedge fund Toscafund ups stake January 7, 2015 Insurance outsourcer Quindell saw it share price surge 29.6 per cent in trading yesterday after London-based hedge fund Toscafund increased its shareholding in the company. The Martin Hughes-founded Toscafund splashed out on a further 1.9m Quindell shares, bringing its stake in the Hampshire-based company to more than five per cent. It was the second bit [...]