Quindell shares resume trading after miscalculation forces suspension
Business outsourcing provider Quindell was forced to suspend trading in its shares after the firm miscalculated the profits from its professional services division in a letter to shareholders regarding the unit’s sale to law firm Slater & Gordon.
In a circular to shareholders regarding the deal, Quindell said that during the 2013 finanical year the professional services division contributed £82.5m profit before tax to the group, and £113.4m in
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