Share price of insurance firm plunges by 51 % after George Osborne announces plan to cut cash compensation for whiplash injures
An Australian law firm which operates in the UK personal injury claims business has lost more than half its stock market value after George Osborne proposed curbs on claims for whiplash injuries.
Shares in Slater & Gordon fell 51% to A$0.94 (£0.44) in Sydney after Wednesday’s spending review. The chancellor said the government would consult on ending the right to cash compensation for minor whiplash injuries. He also outlined plans to slash the legal costs by directing personal injury claims of up to £5,000 to the small claims court.
The post Slater & Gordon loses half its stock value over proposed cuts to whiplash claims appeared first on SuperShare.Info.
from WordPress http://ift.tt/1YwcAEx
via IFTTT
Related Posts :
Many Americans Struggling To Save Enough Regardless Of Income- Pension Funded Status Improved By 1.2% In 2015
- General Star Delegated Division Launches Web-Based Quoting System
- ACE Receives All Regulatory Approvals Needed To Close Acquisition Of Chubb
- ACE Receives All Regulatory Approvals Needed To Close Acquisition Of Chubb
0 Response to " Slater & Gordon loses half its stock value over proposed cuts to whiplash claims "
Post a Comment