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 [...]
Afren’s reserves cut sees shares crash by 30pc January 12, 2015 SHARES in oil firm Afren plummeted by over 30 per cent yesterday, following an update from the company which revealed it is likely to be forced to cut its previous reserves estimates. The group stated that a Competent Person’s Report (CPR) being carried out on its Barda Rash operation in Kurdistan is “expected to show [...]
Afren share price falls as much as 27 per cent after cutting Kurdistan oil reserve estimate January 12, 2015 Afren's share price skidded by as much as 28 per cent after it slashed estimates for reserves at its Barda Rash oil field at the Iraq-Kurdistan border. The oil and gas company told investors that the oil field was expected to show a "material reduction" compared to previous estimates of resources at the site. This [...]
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 [...]
Quindell share price jumps after hedge fund beefs up stake January 7, 2015 Shares in troubled insurance claims processor Quindell rose as much as 15 per cent this morning, after hedge fund Toscafund increased its stake in the company. Toscafund bought an extra 1.9m shares, bringing its overall stake in the company to over five per cent. Last week Quindell revealed it had entered into exclusive talks with an [...]
Quindell share price jumps 16 per cent as it confirms plans to sell part of its business January 2, 2015 It looks as though Quindell is making an early start to its new year's resolutions. Shares in the troubled insurance outsourcer jumped more than 16 per cent in mid-morning trading after it confirmed this morning it has entered into exclusivity arrangements with a third party to dispose an operating division in order to improve its [...]
Afren shares jump as company reveals approach from Seplat December 22, 2014 TROUBLED oil firm Afren’s shares rose by as much as 22 per cent yesterday as it was revealed that the company has received a takeover offer from Nigerian rival Seplat Petroleum Development. According to Afren, Seplat has made a “highly preliminary approach”, and there can be no certainty that an offer will be made. Seplat’s [...]
From Quindell and Gotham City to Uber and the LDTA – five of the biggest business battles to watch out for in 2015 December 22, 2014 Rival camps have banded together, the lines are drawn, battle armour is on and adrenaline is running high. All that's left for spectators to do is grab some popcorn and watch from the ringside. From rival estate agents, to a business targeted by a Batman styled US fund and an influx of tiny new banks [...]