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Embattled firm to launch £75m share buyback scheme to bolster stock price amid criticism of sales and marketingAdvice for Darktrace: don’t complain, just explainThe chief executive of Darktrace has launched a staunch defence of the embattled cybersecur…
Company co-founded by Mike Lynch hit by wave of criticism of its sales, marketing and accounting practicesThe value of Darktrace has plummeted to a record low after the emergence of two new short sellers betting against its business, as the British cyb…
HMRC and the Indian IT services firm disagree over corporation tax bill of about £20mInfosys, the company founded by Rishi Sunak’s father-in-law NR Narayana Murthy, is in a multimillion-pound dispute with the UK tax authorities.HMRC and the Indian IT s…
Several bids are understood to have been made for assets of failed electric vehicle battery startupThe battery startup Britishvolt owed as much as £120m to creditors when it collapsed last week in a major blow to hopes of sustaining the British car ind…
Service status monitoring website Downdetector records thousands of people reporting problemsMicrosoft is investigating an outage that has hit users of its products worldwide including Teams and Outlook.The US tech firm said it was investigating “issue…
Social media platform abandoned its offices near Piccadilly Circus after Elon Musk takeover, and was evicted from Singapore officeTwitter is being sued by landlords in San Francisco and London after failing to pay rent on its offices, as new owner Elon…
US investment group typically buys stakes in underperforming firms and seeks changes to way they are runThe US activist investor firm Elliott Investment Management has taken a multibillion-dollar stake in Salesforce, the business software company that …
Tesla boss hopes for rise in revenue after advertising downturn in wake of takeoverTwitter is planning an advertising-free version of its subscription product, as the company attempts to raise revenue and increase demand for its premium offering.Elon M…
Company is latest large US tech player to announce sweeping job losses as global outlook weakensGoogle’s parent company is to cut 12,000 jobs worldwide as it becomes the latest large US tech firm to reduce its workforce after a pandemic-related hiring …
UK entrepreneur says economic strategy has left Britain in a ‘Covid inertia’ and calls for growth planSir James Dyson, the billionaire businessperson, has launched a withering attack on Rishi Sunak’s government, saying its “shortsighted” and “stupid” e…