Sad Oompa Loompa actor: I’ve been offered no mental health support since Willy Wonka fiasco in Glasgow
Watchdog will probe accounts for Autonomy February 11, 2013 THE ACCOUNTING watchdog has opened a probe into former FTSE 100 software firm Autonomy’s accounts for the years leading up to its controversial takeover by Hewlett-Packard. The Financial Reporting Council said yesterday it will look at Autonomy’s reporting between 1 January 2009 and 30 June 2011, shortly before the $11.1bn (£7bn) offer from HP was [...]
City Moves for 23 August 2013 | Who’s switching jobs August 22, 2013 Kleinwort Benson The private banking and wealth management firm has appointed Gemma Woodward as head of charities. She has previously held various roles at Newton’s Investment Management, Lloyds Private Banking, and Henderson Global Investors Private Asset Management. Deloitte Mark Stephenson has joined the business advisory firm as head of its UK and Switzerland manufacturing industry practice. [...]
HP chief Whitman makes $15m as company suffers annual loss January 13, 2013 HEWLETT Packard chief executive Meg Whitman took home $15.4m (£9.5m) in her first year in charge of the US technology company, filings have revealed. The compensation, which came as HP suffered a net loss of $11.9bn in the year to November, was made up mainly in stock awards and options, but included a $1.7m bonus [...]
Lynch in new challenge to HP December 10, 2012 MIKE Lynch, the British founder of Autonomy, said yesterday that he had not heard from Hewlett-Packard (HP), almost a month after HP accused former Autonomy bosses of account irregularities. HP wrote off over $5bn (£3.1bn) over the purchase of Autonomy, but Lynch, who denies the claims, said he believes in “innovation in all areas except [...]
Mike Lynch to leave HP amid 27,000 job cuts May 23, 2012 HEWLETT-Packard yesterday unveiled a restructure which will see Autonomy founder Mike Lynch leave the company and 27,000 employees lose their jobs. British entrepreneur Mike Lynch, dubbed the British Bill Gates, is a founder of tech company Autonomy, which was bought by HP in August for £6.2bn. At the time it was the UK’s most valuable [...]
Barclays plans £5bn share sale July 29, 2013 BARCLAYS will today reveal how it plans to plug its capital hole, raising funds from shareholders to reassure regulators it is a strong, stable bank. After weeks of intense negotiations with the City watchdog, chief executive Antony Jenkins is set to unveil a plan that aims to balance investors’ hopes that they will not [...]
Ocado and Sports Direct: better to arrive late than not at all August 26, 2013 Whenever bankers are asked to explain why London’s market for new issues – the IPO market – nearly collapsed altogether last year, they cite a number of factors that always include the poor performance of a number of high-profile flotations. The lists are long and varied but almost everybody’s bete noirs include Sports Direct, Mike [...]
Blackberry ripe for the picking as it considers sale August 12, 2013 STRUGGLING smartphone maker BlackBerry yesterday opened the door to a multi billion dollar sale of the company as it unveiled a dealmaking committee tasked with reviving the group’s flagging fortunes. The Canadian firm, famed for its email-friendly phones and formerly known as Research In Motion, said US M&A guru Tim Dattels would head an executive [...]
Pirc: We raised Autonomy flag November 22, 2012 SHAREHOLDER advisory group Pirc “raised a number of red flags” over Hewlett-Packard (HP)’s $11bn (£6.9bn) purchase of Autonomy, it said yesterday. Pirc said it warned that Autonomy auditors Deloitte had done too much non-audit work to be independent. On Tuesday, HP accused former Autonomy bosses of inflating the software company’s accounts, and took an $8.8bn [...]
UK technology darling’s rocky road to HP deal November 20, 2012 WHEN Autonomy was sold to Hewlett-Packard (HP) for $11bn (£6.9bn) in October 2011, the deal was hailed as a defining moment for Cambridge’s technology scene and chief Mike Lynch was made a poster boy for British entrepreneurship. But seven months later, Lynch was out of HP, fired by the US giant’s new boss Meg Whitman. [...]