LONDON (Reuters) – British tech entrepreneur Mike Lynch on Thursday said he would file a claim against Hewlett-Packard for $150 million in damages over allegations the U.S company made about his role in the acquisition of his software company Autonomy in 2011.
Lynch’s action marks the latest twist in a long-running battle between the HP and Lynch that has led to multiple lawsuits over who is to blame for a disastrous deal that cost HP shareholders billions of dollars of value.
LONDON (Reuters) – Customers at Costa Coffee may get an extra-caffeinated level of service on Thursday morning, when the chain becomes the latest British retailer to hike wages months before a government measure to raise minimum pay levels comes into effect.
The chain, part of leisure group Whitbread, said on Wednesday its 12,500 trained baristas would earn a minimum of 7.40 pounds an hour, and 8.20 pounds in London, some 20 pence above the new “living wage” coming in next April.
LONDON, Sept 30 (Reuters) – Customers at Costa Coffee may
get an extra-caffeinated level of service on Thursday morning,
when the chain becomes the latest British retailer to hike wages
months before a government measure to raise minimum pay levels
comes into effect.
The chain, part of leisure group Whitbread, said on
Wednesday its 12,500 trained baristas would earn a minimum of
7.40 pounds ($11.21) an hour, and 8.20 pounds in London, some 20
pence above the new “living wage” coming in next April.
LONDON (Reuters) – Talks between Vodafone and Liberty Global about exchanging assets to better compete in Europe’s converging mobile, broadband and TV markets collapsed on Monday because they could not agree on the value of their businesses.
Vodafone, the world’s second-biggest mobile operator, said in June it was considering swapping some assets with Europe’s biggest cable company, a move that would enable the groups to sell packages of mobile, fixed-line, broadband and television increasingly offered by rivals.
LONDON (Reuters) – Hewlett-Packard Co was made aware
of practices at Autonomy, including hardware sales and growth
rates boosted by different accounting rules, before it bought
the firm for $11 billion in an ill-fated deal, according to
founder Mike Lynch.
HP is suing Lynch, and former Autonomy finance director
Sushovan Hussain, in London for damages of about $5.1 billion
for their management of Autonomy, alleging they engaged in
fraudulent activities to boost the value of the company.
BERLIN/LONDON (Reuters) – Motor dealers and consumer groups alike expressed frustration on Thursday at a lack of information from Volkswagen about the implications for customers of a scandal involving diesel cars rigged to pass U.S. emissions.
“We are getting lots of phone calls asking ‘What is the likely impact of this?’” said an insider at a major Volkswagen dealership in Britain, who declined to be named.
LONDON (Reuters) – Facing a sustained attack from rivals, Britain’s BT pledged to improve the speed and quality of the country’s broadband network on Tuesday in a bid to ward off calls for it to be broken up.
Setting out plans to improve coverage in rural areas where services can be slow, Chief Executive Gavin Patterson said the firm would provide new minimum speeds of 5-10 megabits per second (Mbps) and expand its fiber coverage.
CAMBRIDGE, England (Reuters) – Britain’s BBC will launch an online subscription service in the United States next year, boosting revenues for the public broadcaster and allowing viewers to watch shows on demand.
“We’re launching a new OTT (over-the-top) video service in America offering BBC fans programmes they wouldn’t otherwise get, showcasing British actors, our programme-makers and celebrating our culture,” the BBC’s Director General Tony Hall said at the industry’s RTS Convention in Cambridge.
LONDON (Reuters) – Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon’s British newspapers next week in a stunning comeback.
Brooks, who worked her way up from the lowest rung on a newsroom ladder to become one of the most influential people in Britain, will resume oversight of the Sun and The Times of London papers on Monday following a high-profile fall from grace four years ago.
Aug 24 (Reuters) – Northern Ireland’s UTV Media Plc,
one of only two independent broadcasters in the ITV network,
said it may sell its TV franchise, sending its shares up as much
as 13.4 percent.
The Belfast Telegraph reported on Saturday that UTV was due
to sell its television division to ITV Plc in a
multi-million-pound deal. (bit.ly/1Jesiem)