Autonomy, founded in Cambridge in 1996, was a member of the FTSE 100 and one of Britain’s most valuable software companies before its sale. Mr Lynch made £500m from the deal, using the funds to set up companies including the British cybersecurity company Darktrace. HP wrote down almost all of the deal’s value a year...
Tag: Technology
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UK watchdog decides not to pursue investigation into Microsoft-Mistral deal
The Microsoft Corp. logo. The company is increasing its cybersecurity staff. Photographer: Krisztian Bocsi/Bloomberg 2 min read Last Updated : May 17 2024 | 11:49 PM IST British regulators said Friday they don’t need to open a competition investigation into Microsoft’s partnership with French artificial intelligence company Mistral, a month after asking for industry...
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Chinese Uber rival revives UK launch plans
Uber’s Chinese rival is laying the groundwork to enter the UK, three years after it was forced to suspend plans to launch in British cities. Didi Global has acquired operating licences in cities including Rotherham, Rochdale and Salford in recent months in a move that would allow it to offer rides in Britain. The company...
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UK Store Closures Put Spotlight on Digital Shoppers
One of the U.K.’s oldest retailers, Marks and Spencer (M&S) announced last week it plans to shutter 110 stores during the next five years. This news comes only weeks after reports that the British division of The Body Shop was closing nearly half of its 198 U.K.-based stores and reducing its headcount by 40 percent....
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