Quindell quandary

QUINDELL was in the spotlight again after the insurance claims processor said a review of the business being carried out by PwC will take longer than expected, which sent the shares crashing another 6pc lower.

The scandal-hit group has seen its stock price decimated since its peak valuation of around £2bn, after a series of mishaps including accounting irregularities and directors’ selling shares.

Still, Quindell said that the consultants continue to advise a spin-off of its legal services arm.

Shares were 6p down at 92.75p.