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WTG.L (WTG)

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Recent Trades History WTG.L (WTG)

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Share Price History for WTG.L

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Share News for WTG.L

IN BRIEF: Watchstone says Aviva Canada claims dropped

6th Dec 2023 12:23

Watchstone Group PLC - Former insurance software provider originally called Quindell; now cash shell pursuing litigation claims - Expects cash balance at the end of 2023 to be approximately GBP7 million. In 2022, cash and term deposits was GBP13.8 million. Also announces all claims and disputes from and against Aviva Canada have been discontinued. Read More

Court of Appeal refuses Watchstone permission to appeal against PwC

10th Oct 2023 13:13

Watchstone Group PLC - former insurance software provider originally called Quindell; now cash shell pursuing litigation claims - Says that the Court of Appeal has refused it permission to appeal and no further routes of redress remain open to the company. Watchstone must pay professional services firm PricewaterhouseCoopers LLP's legal costs, as well as its own. In August 2020, Watchstone had filed a GBP63 million claim against PwC, alleging breach of contract and conspiracy. Other outstanding claims are against Aviva Canada, part of Aviva PLC, and against UK tax collector HMRC over the recovery of historic VAT. Watchstone in 2021 had also filed a GBP13.7 million claim against its former auditor KPMG International Ltd, which is not expected to begin before 2024. Its Canadian subsidiary's claim against Aviva Canada is expected to go on trial in January 2024. Read More

IN BRIEF: Watchstone interim loss widens on costs of claim against PwC

21st Sep 2023 12:52

Watchstone Group PLC - former insurance software provider originally called Quindell; now cash shell pursuing litigation claims - Pretax loss widens to GBP6.0 million in six months that ended June 30 from GBP2.1 million a year before. Has no revenue, so loss is due to higher administrative expenses. These primarily are legal costs, including GBP4.9 million for Watchstone's claim against PricewaterhouseCoopers LLP. The High Court dismissed Watchstone's claim, and while it seeks permission to appeal, Watchstone must pay PwC's legal costs, as well as its own. Other outstanding claims are against Aviva Canada, part of Aviva PLC, and against UK tax collector HMRC over the recovery of historic VAT. "We remain focussed on realising the group's remaining litigation assets as efficiently as possible and are confident of returning further cash sums to shareholders in due course," Watchstone says. Read More

UK shareholder meetings calendar - next 7 days

23rd May 2023 15:46

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Watchstone laments Court dismissal of claim against PwC; mulls appeal

12th May 2023 11:05

(Alliance News) - Watchstone Group PLC said that the High Court dismissed its claim against PricewaterhouseCoopers LLP, adding that it is considering to appeal the judgment. Read More

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