Former Autonomy boss sues SFO ahead of US fraud trial January 31, 2024 Mike Lynch, the former boss of software firm Autonomy, has filed a lawsuit against the UK's fraud agency ahead of his criminal trial in the US.
Darktrace reports strong revenue growth as investment in customer service pays off January 11, 2024 Cyber security company Darktrace has today reported a 24.3 per cent increase in annualised recurring revenue for the six months to 31 December 2023
Investors express concern about Mike Lynch’s influence at Darktrace December 8, 2023 At Darktrace's annual meeting, 56.67 per cent of shareholders voted against the election of Patrick Jacob as a non-executive director.
Darktrace holds forecasts as cybersecurity business picks up October 12, 2023 British cybersecurity company Darktrace has expressed confidence in its full year outlook as new customer additions pull up revenues.
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.