Company in the news: Quindell

Insurance claims handler Quindell (LSE: QPP) is a controversial business. On Monday it revealed another six-month period of stellar profit growth and its shares soared. But these profits may be too good to be true, and Gotham City Research, an American hedge fund, has bet heavily on the share price collapsing.

Gotham doesn’t like the way Quindell accounts for its sales – recognising them when a claim is processed rather than when cash is received.

Gotham points out that Quindell is very good at reporting big profits, yet cash continues to drain from the business. Eventually profits [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Don't be spooked by Putin

Take a punt on eastern Europe

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.