Friday, 19 December 2014

A Quindell snippet

I hear Quindell's board met this afternoon to discuss some of the findings of PricewaterouseCoopers's "independent review" into the beleaguered company's claims processing business.

For readers that don't recall, click on the link to this Financial Times story about the PwC review:

I have also been told by sources with an inside track that Quindell's board has been looking for a permanent chairman and has now got down to a shortlist of two potential candidates.  

Quindell's shares closed sharply up today, gaining 15pc to almost 38p. So, perhaps the market expects the the PwC review to be better-than-expected?

Don't, though, expect the findings from the review to be published anytime soon. I am told there is a chance the PwC audit of claims processing may not be publicly reported until the New Year.

Quindell declined to comment.

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