The 12 worst investments of 2014, #3: Quindell
Outsourcing firm Quindell saw its share price fall from 682p to just 34p after a damning research report, and the questionable share dealings of several senior staff
Performance in 2014: Since the start of the year, Quindell's share price has fallen by 88.3%.
See all 12of 2014's worst investments here
What happened?
However, the controversial research firm Gotham Capital then released a report, querying whether the accounts were accurate. Last month, several directors, including the founder, were found to have taken out a loan that enabled them to sell their shares in the company without having to disclose it. The shares now trade at 34p.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Who are the losers?
Who are the winners?
What happens next?
Meanwhile there is increasing pressure at the European level to tighten up short-sellers' disclosure requirements.
What have we learned?
-
Zoopla: housing market recovery continuing amid brighter 2024 outlook
The Zoopla House Price Index has found sellers are still accepting five-figure discounts on their properties. But house price inflation is improving.
By Henry Sandercock Published
-
Revealed: the best funds to buy before the end of the tax year
Looking to add more investments to your portfolio but not sure where to start? We reveal the best funds to buy now as the end of the tax year edges closer.
By Katie Williams Published