Quindell share price leaps as it issues its final 100,000 shares December 5, 2014 Shares in troubled insurance claims processor Quindell bounced by more than six per cent to more than 55p in early trading as it listed its final tranche of 101,586 ordinary shares. In a statement to the stock market today, the company said the shares will be admitted to trading on the small-cap Aim market on [...]
Quindell director gives up on controversial share agreement November 26, 2014 CRISIS-hit insurance outsourcer Quindell announced yesterday that finance head Laurence Moorse had relinquished his rights under the now-infamous share transfer agreement with Equities First Holdings (EFH). Moorse, along with former Quindell chairman Rob Terry and non-executive director Steve Scott, entered into the agreement with the US alternative finance provider last month. The deal saw the [...]
Quindell’s share price has doubled in the past week November 26, 2014 Investors in Quindell may well be asking themselves what's going on with shares now. The company opened another eight per cent lower this morning on news that finance director Laurence Moorse had failed to meet margin call on a controversial sale-and-repurchase agreement. Laurence, (now ex-) chairman Rob Terry and non-executive director Steve Scott entered into [...]
Quindell broker quit after being left in the dark November 23, 2014 A lack of information, rather than concerns over Quindell’s financial position, was the reason Canaccord Genuity resigned as the insurance outsourcer’s joint broker in October, it emerged last night. A source close to the stockbroker told City A.M. that it decided to leave the beleaguered Quindell after a “breakdown in dialogue” between the companies had [...]
Quindell could sell outlying businesses following Rob Terry departure November 23, 2014 Quindell may try to sell some of its peripheral businesses following the resignation of founder Rob Terry, according to The Telegraph. The insurance outsourcer, which specialises in software, consulting and telecommunications, been through a tough time recently. After a series of successful city purchases helped it build a market value of over £2.7bn [...]
Quindell share price soars after it denies Nationwide Accident sale speculation November 20, 2014 Flailing insurance outsourcing firm Quindell saw its shares jump over 30 per cent yesterday as it denied rumours it was looking to sell its 25 per cent stake in Nationwide Accident Repair Services. Quindell, which provides claims processing technology to car insurers among other services, issued a statement in response to social media speculation that [...]
Quindell share price rises as it denies plans to sell off Nationwide Accident Repair stake November 20, 2014 Shares in beleaguered insurance services provider Quindell rose at much as eight per cent in early trading as it quashed rumours it had attempted to sell off its 25 per cent stake in Nationwide Accident Repair Services. The statement, issued to the stock market this morning, was in response to reports that Nationwide's broker, Westhouse, [...]
Quindell-linked analyst Andy Bryant resigns days after chairman Rob Terry exits November 19, 2014 Troubled insurance outsourcer Quindell saw another of its entourage jump ship yesterday when Andy Bryant, technology analyst at its sole remaining broker Cenkos Securities, resigned. The departure follows on from that of Quindell chairman Rob Terry yesterday and the resignation of broker Canaccord Genuity last month. A Cenkos spokesperson told City A.M. that Bryant’s departure [...]
Quindell share price: Two charts that perfectly sum up Quindell’s disastrous year November 19, 2014 A disastrous year for insurance services provider Quindell culminated in the resignation of chairman Robert Terry on Tuesday, saying he was “disappointed and sorry that events turned out as they did”. But what are the events that led to his standing aside? Quindell has been through a whirlwind of trials and accusations this year. On [...]
Former chairman Robert Terry sorry for Quindell meltdown November 18, 2014 Robert Terry, the former chairman of the beleaguered insurance claims processor Quindell, yesterday said he was “disappointed and sorry that events turned out as they did”. Terry resigned from the company’s board yesterday after a rocky few months of speculation and controversy saw the Hampshire-based firm lose more than £2bn of market value. He departs [...]