X FACTOR JUDGE IS THE LAST MAN AT THE BAR AT IRELAND FUND BALL December 4, 2011 CITIGROUP managing director Basil Geoghegan proved his stamina when he became the eighteenth Irishman to successfully scale Mount Everest earlier this year. But even he is no match for X Factor judge Louis Walsh, who was the last man standing at the Ireland Fund of Great Britain’s tenth winter ball at The Savoy on Saturday [...]
Autonomy in £234m cloud acquisition May 16, 2011 Autonomy yesterday crashed into the cloud computing market with the £234m acquisition of Iron Mountain’s digital archiving business. The deal adds six petabytes – a million billion bytes – of data and 6,000 clients to Autonomy’s total customer base of more than 25,000 users. Autonomy said annual cost synergies should hit £25m over the first [...]
Autonomy in £234m cloud acquisition May 16, 2011 Autonomy yesterday crashed into the cloud computing market with the £234m acquisition of Iron Mountain’s digital archiving business. The deal adds six petabytes – a million billion bytes – of data and 6,000 clients to Autonomy’s total customer base of more than 25,000 users. Autonomy said annual cost synergies should hit £25m over the first [...]
Technology clusters at the pinnacle of success May 16, 2011 SILICON Fen is the UK’s answer to California’s tech-rich valley. The Cambridge cluster is proof that, by forming a hub of creativity, UK technology companies can compete on the world stage. Charles Cotton of Cambridge Phenomenon explains that the original catalyst for Silicon Fen came from Tim Eiloart and David Southward, chemical engineering graduates from [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 29, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
PRINCESS LAUNCHES OUR APPEAL FOR AFRICA September 28, 2011 CITY LEADERS met royalty at The Savoy on Tuesday night, at a dinner to mark a new partnership between City A.M. and an African microfinance charity that aims to improve the lives of thousands. Guest of honour was HRH The Princess Royal, a patron of the Opportunity International (OI) charity, who told guests including Vallares [...]
Autonomy grows profits but cash doubts remain April 21, 2011 Autonomy, the intelligent software maker that divides analysts as to its real financial strength, reported above-consensus profits and revenues today. Autonomy’s shares closed up 7.5 per cent at 1,621p after it said it saw a sustained recovery in its first quarter of 2011 as demand for its software continued to rise. Revenues and profits both [...]
CITY MOVES | WHO’S SWITCHING JOBS August 30, 2011 HSBC Private Bank HSBC Private Bank has appointed Katharine Brace as associate director on the media and entertainment team. Brace, who will report to Nick Price, managing director and global head of the media and entertainment group, joins from Barclays Wealth, where she was a vice president in the sports, media and entertainment team. Prior [...]
FTSE commodities drop on fear over Fed announcement September 21, 2011 BRITAIN’S top shares dropped back yesterday, led by weakness in commodity issues as investors nervously awaited the outcome of a US Federal Reserve meeting with expectations for further economic stimulus seen as already discounted. The FTSE 100 closed down 75.30 points, or 1.4 per cent at 5,288.41, retreating after a two per cent bounce on [...]
The ex-university prof who built a tech giant February 1, 2011 DR MIKE Lynch, 45, began working on the mathematics behind Autonomy’s software in the early 1990s, when he was writing his post-doctoral thesis at Cambridge University. He was studying the work of an 18th Century vicar, Thomas Bayes, who spent his life trying to prove the existence of God through mathematics. “He never succeeded,” Lynch [...]