Watchstone rejects final offer from Polygon
1st Sep 2021 10:43
(Sharecast News) - Watchstone Group said on Wednesday that a final takeover offer of 38p a share made by Polygon a day earlier still undervalues the group.
Read moreWatchstone shares surge as it serves court claim against PwC
7th Aug 2020 13:26
(Sharecast News) - Watchstone Group shares were rocketing on Friday, after it said it had filed and served a claim against PricewaterhouseCoopers (PwC) in the High Court.
Read moreWatchstone extends due date for sale of Canadian Healthcare business
31st Dec 2019 12:48
(Sharecast News) - Watchstone Group said on Tuesday that its Canadian subsidiary, Quindell Services, was still awaiting a final change of control consent over its agreement to sell its wholly-owned subsidiary PT Healthcare Solutions, and other subsidiaries forming its Canadian Healthcare services business.
Read moreWatchstone extends due date on sale of Canadian Healthcare business
29th Nov 2019 09:09
(Sharecast News) - Watchstone Group updated the market on the sale of its Canadian Healthcare business to a subsidiary of LM Holdings on Friday, announcing an extension to the long stop completion date.
Read moreWatchstone to offload Canadian healthcare services business
17th Sep 2019 07:57
(Sharecast News) - Watchstone Group announced on Tuesday that its Canadian subsidiary, Quindell Services (QSI), has agreed to sell its wholly-owned subsidiary PT Healthcare Solutions and other subsidiaries forming its Canadian Healthcare services business, for an initial cash consideration of CAD 36.2m (£22.3m) on a cash-and-debt-free basis, to 11628542 Canada, a wholly-owned subsidiary of LM Holdings.
Read moreWatchstone Group slips as loss widens
9th May 2019 13:13
(Sharecast News) - Watchstone Group on Thursday reported a wider annual loss as revenues fell as its Ingenie insurance business continued to struggle.
Read moreWatchstone revenues slide as 'challenging' conditions persist
31st Jan 2019 11:16
(Sharecast News) - Technology solutions outfit Watchstone saw revenues fall back and profits stay flat in its last trading year as a result of "challenging" trading conditions and adverse movements in the Canadian dollar.
Read moreWatchstone's Hubio files claims against Aviva Canada
16th Feb 2017 08:07
(ShareCast News) - Watchstone's wholly-owned subsidiary, Canada's Hubio Solutions, has issued a claim in the Ontario Superior Court of Justice against Aviva Canada in respect of breach of contract and unpaid amounts due under an agreement made in October 2014. Aviva Canada has filed a claim against
Read moreWatchstone sees 'no grounds' for Slater & Gordon legal claim
19th Sep 2016 07:34
(ShareCast News) - Watchstone Group said it will "robustly" contest a claim brought against it by Slater & Gordon (SGH) over the purchase of its professional services business last year from what was then known as Quindell. With the Australian lawfirm's claim pending, part or all of a £50m staged pa
Read moreWatchstone Group reports narrower first-half loss
16th Sep 2016 12:38
(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, reported a narrower loss for the first half as revenues grew. In the six months to the end of June, the pre-tax loss narrowed to £8.2m from £32.3m in the same period a year ago, as underlying revenues rose
Read moreFCA fines broker Cenkos £530,000 for failed Quindell LSE promotion
9th Aug 2016 11:12
(ShareCast News) - Small cap stockbroker Cenkos Securities was fined £530,000 by the Financial Conduct Authority (FCA) on Tuesday for failing as a sponsor to scandal-hit Quindell. Cenkos advised Quidell, at the time an insurance claims processor and since rejigged and renamed Watchstone, on its fail
Read moreCenkos confirms FCA investigation into Quindell role
27th Jul 2016 09:53
(ShareCast News) - Broker Cenkos has confirmed that it is being investigated by the Financial Conduct Authority (FCA) over its work advising Quindell, which has since become Watchstone Group. Cenkos noted recent media speculation that it was being probed into its work advising Quindell on its short-
Read moreWatchstone FY loss narrows but impairment charges a drag
27th May 2016 10:35
(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, posted a slightly narrower loss for the year to the end of December. The company, which made management changes and renamed itself in November in a bid to clean up its reputation following probes into its
Read moreSunday newspaper round-up: Barclays, Battersea, Retailers
24th Apr 2016 11:25
(ShareCast News) - Barclays has come under attack from top investors over its plummeting share price and "confusing" turnaround plans. Britain's second-biggest bank by assets is braced for an onslaught at this week's annual meeting, with shareholders set to vent their spleen over its dire performanc
Read moreWatchstone Group rejects conditional proposal
18th Apr 2016 14:58
(ShareCast News) - Watchstone Group, the insurance technology firm formerly known as Quindell, noted the recent jump in its share price and confirmed it has received a draft and highly conditional, non-cash proposal from a private company for all of its assets, excluding the actual and contingent li
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