Cambridge software firm under fire
Bosses at computer giant HP took a £5.5bn hit after accusing former staff at a Cambridge software company it bought last year of misleading investors.
Computer giant hits out at Cambridge software company
Bosses at computer giant Hewlett-Packard took a £5.5bn hit after accusing former staff at a Cambridge software company it bought last year of misleading investors.
HP bought Autonomy in a £7.1 billion deal that saw its founder Dr Mike Lynch pocket around £500 million.
The American firm alleges that former members of Autonomy's management fiddled accounts in a bid to "mislead investors and potential buyers" and has referred the matter to the Serious Fraud Office (SFO).
More top news
-
Anglia weather: a dry, clear evening. Staying windy
Any showers will die out, leaving a largely dry and clear evening. Remaining breezy. Highs of 12 deg C (54 deg F
-
French statue of woman sitting on goat stolen from Northamptonshire garden
A five foot bronze statue of a woman sitting on a goat has been stolen from a property near Oundle in Northamptonshire.
-
Northampton Town countdown towards the League Two Play-off Final
The Cobblers bidding to 'get the job done' to return to League One on their fourth trip to Wembley