Quindell shares down 12% on RAC deal rumours

Arrow going down

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 shares closed at 181.75 on 4 August, down 23.75p from the firm's closing price of 205p on Friday 1 August.

The outsourcing firm announced a joint-venture with RAC in April to distribute

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