World Economic Forum Tech Pioneers: Transferwise and Mike Lynch’s Darktrace among four UK firms chosen August 5, 2015 Four UK companies have been named among the most pioneering tech companies in the world by the World Economic Forum (WEF), following in the footsteps of Google and Twitter. Billion-dollar FinTech startup Transferwise and Mike Lynch's cybersecurity startup Darktrace are two of the high-profile UK companies selected by a panel of judges identifying the startups [...]
Behind the deal: Biggest IPO of 2017 so far is another triumph for boutique investment bank Zeus February 14, 2017 Actuarial and consulting firm Xafinity today announced plans for the biggest UK float of 2017 so far. Weighing in at £190m, the first premium main market listing of the year marks another triumph for boutique investment bank Zeus Capital, which acted as financial adviser, bookrunner and sole broker. Skiing, mountain biking and initial public offerings Read [...]
HP’s claims against Autonomy management and Mike Lynch just made us even more confused: Here’s who’s suing who April 1, 2015 After years of HP and the former management of Autonomy merrily hurling various threats at one another, yesterday HP finally made the first move, filing a lawsuit in the High Court alleging "fraudulent activity" by former Autonomy executives Mike Lynch and Sushovan Hussain. The move came after nearly three years of to-ing and fro-ing between [...]
Sophia Genetics’ co-founder Jurgi Camblong talks about how to build a global genetic medicine firm March 14, 2016 I was asked recently to present to a group of entrepreneurs about my experience. And I ended up saying to them ‘it’s just like Rocky – you take your chance, you focus and you go’. The mistake as an entrepreneur is thinking too much.” Jurgi Camblong co-founded data-driven medical startup Sophia Genetics in 2011. “I’m [...]
Mike Lynch vs HP: Autonomy founder says he will report HP to US regulator December 2, 2014 Is another chapter about to be written in the saga of Autonomy founder Mike Lynch versus HP? Lynch has said he is planning to report the US tech giant to the US Securities and Exchange Commission (SEC), after the botched takeover during which the company took an $8.8bn (£5.6bn) writedown on Lynch's business. The battle [...]
Autonomy founder Mike Lynch steps down from Blinkx board September 25, 2014 AUTONOMY founder Mike Lynch, who is currently embroiled in a legal tussle with US tech giant HP over allegations of fraud surrounding its $11bn (£7.3bn) takeover of his firm, yesterday stood down from the board of Blinkx, the online video company spun off from Autonomy. Lynch will step down on 31 December, but has agreed [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
HP second quarter earnings: Share price rises in extended trading after a mixed bag of results May 21, 2015 Hewlett Packard (HP) announced disappointing earnings this afternoon, with revenues missing analysts expectations. Earnings came in at $25.5bn, but analysts had expected earnings of $25.64bn and earnings per share of $0.86. On the latter measure, HP beat the predictions by a penny. Shares rose as much as three per cent in extended trading. Why it’s [...]
HP and Autonomy battle escalates as lawsuit against Mike Lynch and former Autonomy exec looms August 4, 2014 HP has filed court papers saying it has the backing of shareholders to sue Autonomy founder Mike Lynch and former chief financial officer Sushovan Hussain over alleged fraud when it bought the British tech company for £11bn. In the biggest indicator yet that HP intends to pursue legal action against the former Autonomy executives, the [...]
HP seeking $5bn in High Court case against Autonomy bosses March 31, 2015 HP has filed a lawsuit in the High Court alleging fraudulent activity by the founder of Autonomy, the British company it bought in 2011. The US tech firm confirmed yesterday that it had launched a claim against Mike Lynch, as well as Autonomy’s former finance chief Sushovan Hussain, for damages of around $5.1bn (£3.4bn). The [...]