The company has seen more than £1bn wiped off its valuation this year after research firm attacked its profits

Quindell’s share price fell 12.4% during trading yesterday despite its profits quadrupling in the first of 2014.

The shares closed at 184.25p yesterday, down from Wednesday’s closing price of 210.25p.

In the first six months of 2014, Quindell’s pre-tax profits jumped by 292% to £153.7m (H1 2013:  £38.2m), while its revenue climbed by 119% to £357.3m (H1 2013: £163.3m).

The insurance outsourcer has seen more than £1bn wiped off its valuation this year after US-based short seller Gotham City attacked its profits, acquisitions and sales back in April.

Quindell has since launched a defamation suit against the research firm and has also started legal proceedings against a blogger that repeated the claims.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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