Quindell share price soars after it denies Nationwide Accident sale speculation

first_img Thursday 20 November 2014 8:30 pm Ollie Gordon Flailing insurance outsourcing firm Quindell saw its shares jump over 30 per cent yesterday as it denied rumours it was looking to sell its 25 per cent stake in Nationwide Accident Repair Services.Quindell, which provides claims processing technology to car insurers among other services, issued a statement in response to social media speculation that it was desperately seeking to offload its share in the British building society’s vehicle repair service.The company said in the one-sentence statement: “Quindell, a market leading global provider of professional services and digital solutions, confirms that, contrary to speculation, it is not actively seeking to sell its shares in Nationwide Accident Repair Services.”Quindell’s share price has been on a roller-coaster ride in recent months, easily among one of the London Stock Exchange’s most volatile stocks. It inflated as much as 32 per cent to 56.75p in morning trading yesterday before tapering off to 53p at the close.Shares in Nationwide Accident Repairs Services were down seven per cent to 69.25p.The Hampshire-based Quindell has been through the wringer recently, with the company losing £2bn in market value in just a matter of months. Founder and chairman Rob Terry resigned earlier this week, together with two other Quindell directors, after the company disclosed a complex share-transfer agreement that saw the three directors sell shares to a US securities-backed lender in exchange for cash to buy more Quindell shares. whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorLoan Insurance WealthDolly Parton, 74, Takes off Makeup, Leaves Us With No WordsLoan Insurance WealthPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Heraldcenter_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Tags: Quindell Show Comments ▼ whatsapp Quindell share price soars after it denies Nationwide Accident sale speculation last_img

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