Quindell
Penny Black’s Insurance Week - 4 December
There is nothing like adversity to bring people together, especially when it is being played out in both the national media and the insurance trade press.
Quindell denies CMC contract loss reports
Quindell has denied reports that it has lost a contract worth 1000 personal injury claims a month, or that staff will not be paid before 2015.
Quindell's Moorse sees share deal terminated
Quindell group finance director Laurence Moorse has failed to meet margin call on the controversial share purchase agreement with Equities First Holdings.
Quindell share price climbs on Nationwide Accident Repair exit denial
Quindell has rejected suggestions it is planning to sell its holdings in a repair services provider, bolstering the troubled firm’s share price in trading today.
Blog: Five Quindell headlines that should have rung alarm bells
Following the news today that Quindell founder and chairman Rob Terry has resigned from the board of directors with immediate effect, Post lists five recent headlines that spelt trouble for the firm.
Quindell founder Terry and two fellow directors exit company
Quindell founder and chairman Rob Terry has resigned from the board of directors with immediate effect.
Canaccord resigns early as Quindell's adviser
Canaccord Genuity has resigned as Quindell's financial adviser four days earlier than expected.
Fidelity halves Quindell stake to less than 5%
Quindell investor Fidelity has halved its stake in the company and now holds a 4.9% interest.
Quindell attempts to shore up tumbling share price with director buys
Quindell CEO Robert Fielding is the latest of the company's directors to boost their shareholding in the business, purchasing nearly 23,000 shares.
Terry one of three directors to boost Quindell shareholding
Quindell chairman Rob Terry has increased his stake in the company to 10.69% after purchasing a further one million shares.
Quindell sees share price rise 15.6% after 'major' Canadian deal
Business outsourcing firm Quindell has seen its share price rise 15.6% on the back of a new five-year deal with a ‘major Canadian insurer’.
Quindell boss Terry considers selling units amid struggling share price
Quindell will make moves to sell parts of the business if its share price does not improve after chairman Rob Terry claimed the outsourcer was “four to five times undervalued”.
Quindell set to become billion pound business following Q3 growth
Quindell chairman Rob Terry believes a billion pounds of revenue is within his company’s grasp after delivering £200m of gross sales incorporating a 115% increase on revenue in Q3 to £198m (Q3 2013: £92.1m).
Quindell stumped by tumbling share price
Quindell has admitted it is unaware of what caused the firm to lose just under 25p from its share price over the last week.
Quindell wins uncontested Gotham City libel case
Quindell has announced victory in a libel case against Gotham City after the latter failed to defend claims a research note was defamatory.
Quindell shares boosted by RAC JV exit
Quindell’s share price has responded positively to news that RAC has exited a joint-venture on telematics.
Quindell buys out RAC in telematics JV
Quindell is to acquire all of RAC's shares in the companies' telematics joint venture after the businesses concluded it was not a good use of capital to finance a free roll-out to customers.
Blog: Five incidents that rocked Quindell's share price
Promising half year financial results from Quindell this week - in which revenue increased 119% to £357.3m off the back of organic growth and a 15:1 share consolidation aided a 292% rise in pre-tax profits to £153.7m – came as a timely boon for the…
Organic growth at Quindell sparks 119% rise in H1 revenue
Outsourcing firm Quindell has attributed “strong organic and synergistic growth” for a 119% increase in revenue to £357.3m for the opening six months of the year (H1 2013: £163.3m).
Quindell begins legal proceedings against Gotham in the US
Outsourcing company Quindell has confirmed that it has started legal proceedings against US short sellers Gotham City, as well as a blogger that repeated “defamatory” claims about the company.
Admiral weighing up bid for UK's leading telematics player Insure the Box
Admiral is evaluating a bid for telematics firm Insure The Box just months after announcing a £200m cash raise, Post understands.
Quindell update fails to halt tumbling share price
Quindell's share price has fallen by almost 25% over four days of trading, in spite of optimistic trading updates issued by the firm.
Quindell shares down 12% on RAC deal rumours
Quindell’s share price has dropped 11.56% in one day’s trading after reports suggest a £100m telematics deal with RAC may have hit the rocks.
Quindell denies RAC fall-out
Quindell has dismissed claims it has fallen-out with the RAC amid reports the roll-out of the companies' telematics joint venture has stalled.