Historic attitudes favouring globalisation are fundamentally changing....
| 1yr
| 1yr
Historic attitudes favouring globalisation are fundamentally changing....
The group says that the reason for pushing back the result to Friday is 'to provide our shareholders with the fullest update possible on our FY15 results and our FY16 outlook'. But the Financial Times is speculating 'that a full update will include the admission it bought a billion dollar basket case' in the form of the Quindell legal services for which it paid A$1.2b.
Serious Fraud Office
The results go to the end of June, at which stage the acquisition was just a month old. Nevertheless, a full set of balance sheet values will clearly need to be reported and signed off by the auditors. The Serious Fraud Office has announced an investigation into events at Quindell before the sale to Slater + Gordon. The Australian firm has, however, said it will not be affected by this investigation. Source: Financial Times
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