Veteran Quindell board member Tony Bowers dies October 28, 2014 Insurance outsourcer Quindell announced that its independent non-executive vice-chairman Tony Bowers passed away yesterday afternoon. Bowers was a partner with Deloitte for 23 years before his retirement in 2008, when he began specialising in dealing with companies on aspects of business and taxation. He went on to join Quindell’s board in February 2011. “Tony was [...]
Quindell share price soars after securing major contract October 21, 2014 Insurance outsourcer Quindell's share price has soared 8.4 per cent today, on the back of the news that it has secured a five-year contract with an unnamed “major insurer”. The deal will see Quindell provide telematics technology, devices and associated services to the Canadian top-three business, which has more than three million customers, 1,700 [...]
Quindell share price falls as chairman Rob Terry mulls break-up to unlock value October 13, 2014 Quindell’s chairman Rob Terry would consider demerging or selling parts of the business if it remained undervalued by the market. “The whole business as a public entity is undervalued because it’s trading on two times [enterprise value to earnings before interest, taxes and amortisation] when the index average is way higher,” Terry told City A.M. [...]
Quindell share price rises on third quarter revenue increase October 13, 2014 Quindell revenue soared 115 per cent in the third quarter to nearly £200m, sending its share price up almost six per cent when markets opened this morning. It’s another boost for the Aim-listed firm in the face of detractors and short sellers and after having to issue a statement saying it knew of no reason [...]
Quindell simply quizzical over its sliding shares September 29, 2014 EMBATTLED insurance outsourcer Quindell is baffled by another decline in its share price, it announced in a statement to the stock market yesterday, after shares fell 13 per cent last week. The company said in its statement yesterday that it “notes the recent share price performance and confirms that it knows of no reason for [...]
Quindell: “We see no reason why our share price fell 13 per cent last week” September 29, 2014 Embattled insurance outsourcer Quindell is baffled by another decline in its share price, it said in a statement to the stock exchange this morning, after shares fell 13 per cent last week. Investors in the professional services and digital solutions company have faced a challenging period, with shares falling by 44 per cent since [...]
Quindell buoyed by libel case win against Gotham September 9, 2014 QUINDELL has won its libel claim against mysterious US short seller Gotham City Research, sending shares in the company rising as much as 11 per cent in reaction to the news yesterday morning. The British insurance outsourcer issued libel proceedings against Gotham in April, after it had posted a critical note on Quindell, describing it [...]
Quindell share price soars as court rules Gotham City Research’s accusations “were wrong” September 9, 2014 Quindell has won its libel claim against analyst Gotham City Research, with shares in the company rising as high as 11 per cent in reaction to the news this morning. The British insurance outsourcer issued libel proceedings against Gotham in April after it had posted a critical report on Quindell, describing it as "a country [...]
Quindell share price opens down but rallies with RAC black box buy September 2, 2014 Quindell’s shares opened five per cent down this morning but then rallied six per cent on yesterday’s close after the company announced it was buying the RAC’s stake in joint venture CCS. Quindell said it will take full control of Connected Car Solutions, which makes “black boxes” for cars, in a restructure costing £18.5m, but [...]
Quindell suffers – despite profits quadrupling August 21, 2014 Quindell, the Aim-listed insurance firm whose shares plummeted 60 per cent in April following a scathing blog post by US short seller Gotham City Research, came out fighting yesterday when it reported an 119 per cent increase in half-year revenue. Despite the bullish results, Quindell’s shares still fell 12.4 per cent following the update to [...]