Mike Lynch: UK tech tycoon who founded software firm Autonomy is extradited to US May 12, 2023 British technology tycoon Mike Lynch has been extradited to the US to face criminal charges. The founder of software firm Autonomy, who was once dubbed the UK’s Bill Gates, will stand trial on charges including fraud, which he denies. It comes weeks after he lost an appeal last month following an almost four-year court battle [...]
British tech tycoon Mike Lynch facing extradition to US loses appeal bid April 21, 2023 A British technology tycoon facing extradition to the United States has lost an appeal bid. Two judges finished considering Mike Lynch’s challenge at a High Court hearing in London on Thursday. Lord Justice Lewis and Mr Justice Julian Knowles ruled against him on Friday. They had heard how then-home secretary, Priti Patel, approved Dr Lynch’s extradition to the US, [...]
Explainer-in-brief: Another day, another tube strike November 10, 2022 Today London will be greatly affected by traffic turmoil, as tube strikes risk grinding the city to a halt. Londoners will be better off resorting to a Lime bike or an e-scooter to get to work. Not all news is bad news, though: at least we have been spared from the train strikes. The RMT [...]
Terrible Thursday for Darktrace as shares nosedive by 25 per cent after private equity walks away September 8, 2022 Darktrace share price jumped sharply on reports last month that it is in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. However, this morning it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Darktrace shares plunge from Lynch links May 18, 2022 London's tech darling Darktrace has fallen from grace once again, with shares plunging nearly 15 per cent this afternoon.
Darling Darktrace’s shares plummet despite boosting revenue outlook April 13, 2022 Darktrace upped its revenue estimates once again as the world continues to feel the sting of cyber threats.
Copper brings five new faces to crypto trading platform April 11, 2022 London-based crypto trading site Copper has made five appointments to assist with plans to enhance its prime infrastructure offering.
Darktrace: Dips and Dives February 24, 2022 For a cyber security firm Darktrace’s reputation has been anything but secure. As Jack Stockdale, CTO and founding partner, told City A.M.: “One minute you can be the tech darling, the next minute you’re not. Then, suddenly, you are again!”
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]