Market report: Quindell retreats
Insurance claims outsourcing group Quindell (QPP:AIM) publishes transformational 2013 results showing revenues 133% higher and earnings per share roughly doubled to 1.97p. Yet less impressive operating cashflow (£3.2 million) troubles the market, sending the shares down 6.5% to 36.25p. There may also be the traditional profit taking upon publication of results, given today's numbers follow a ...