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Immigrants play ‘critical’ role in UK startup economy

Immigrants play ‘critical’ role in UK startup economy

Immigrants play a “critical” role in the UK startup economy and must be protected, according to a new think tank report. Over a third (39%) of the UK’s top 100 fastest-growing companies have a founder born outside of Britain, according to research from the Entrepreneurs Network. This is despite immigrants making up less than 15%...

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Luxury yacht captain faces manslaughter investigation after deaths of British tech mogul, 6 others

Luxury yacht captain faces manslaughter investigation after deaths of British tech mogul, 6 others

The captain of the superyacht that sank off the coast of Italy last week during severe weather, killing seven, is under probe by Italian prosecutors. James Cutfield, 51, of New Zealand, is under investigation on suspicion of manslaughter and culpable shipwreck, Italian media reported Monday. He and 15 others survived the sinking of the Bayesian....

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Body of last missing person, tech mogul’s daughter, retrieved from yacht wreck

Body of last missing person, tech mogul’s daughter, retrieved from yacht wreck

Italian divers have retrieved the body of British tech magnate Mike Lynch’s 18-year-old daughter, Hannah, who was the last person still unaccounted for after the family’s luxury yacht sank this week off Sicily. Seven people, including Lynch himself, died when the 56-metre-long (184-foot) sail boat, the Bayesian, capsized during a fierce, pre-dawn storm on Monday...

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UK tech funding roundup: This week’s deals from Fresha to Gradient Labs

UK tech funding roundup: This week’s deals from Fresha to Gradient Labs

This week’s UK tech funding deals include beauty industry software provider Fresha, 3D holographic specialist VividQ, AI customer service chatbot maker Gradient Labs and more. UKTN tracked £57.75m worth of UK tech investment this week (19 August to 23 August), a 14% week-on-week decrease across six funding rounds. Here’s your weekly roundup of UK tech...

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Bayesian yacht sinking: Body of Mike Lynch recovered but daughter missing

Bayesian yacht sinking: Body of Mike Lynch recovered but daughter missing

Reuters Mike Lynch was a star of the British tech sector who attracted comparisons to Microsoft founder Bill Gates and Apple’s Steve Jobs The body of British tech entrepreneur Mike Lynch has been recovered from the wreck of a yacht that sank off the coast of Sicily early on Monday, but searches are continuing for...

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Body of British tech entrepreneur Lynch retrieved from yacht, daughter missing

Body of British tech entrepreneur Lynch retrieved from yacht, daughter missing

By Giselda Vagnoni and Guglielmo Mangiapane PORTICELLO, Italy (Reuters) -The body of British tech magnate Mike Lynch was retrieved on Thursday from the wreck of his family yacht that sank this week off the coast of Sicily during a violent storm, a senior Italian official said. Lynch’s 18-year-old daughter Hannah is still unaccounted for, interior...

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Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59

Mike Lynch, man once dubbed ‘Britain’s Bill Gates,’ dies at age 59

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. He was acquitted of fraud charges in June after defending himself in a trial over allegations that he artificially inflated Autonomy’s value in an $11.7 billion sale to tech giant Hewlett Packard. Chris Ratcliffe | Bloomberg | Getty Images LONDON — British technology entrepreneur...

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Mike Lynch confirmed dead after yacht sank off Sicily coast during storm

Mike Lynch confirmed dead after yacht sank off Sicily coast during storm

The British tech entrepreneur Mike Lynch has been confirmed dead by search and rescue authorities after his yacht sank off the coast of Sicily during a violent storm, according to officials. Lynch, 59, the founder of Autonomy Corporation, was among six people missing after the British-flagged 56-metre sailing boat Bayesian capsized at about 5am local...

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Mike Lynch, acquitted in US trial and found dead at sea, was British tech trailblazer

Mike Lynch, acquitted in US trial and found dead at sea, was British tech trailblazer

By Paul Sandle LONDON (Reuters) – Mike Lynch, the tech tycoon who died when his luxury yacht sank off Sicily, spent more than a decade building Britain’s biggest software company and almost as long again fighting charges he had inflated its value to secure a multi-billion-pound sale. Lynch’s body was retrieved on Thursday from the...