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Pin to quick picksDarktrace Share News (DARK)

Share Price Information for Darktrace (DARK)

London Stock Exchange
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Share Price: 601.40
Bid: 602.20
Ask: 603.00
Change: 0.40 (0.07%)
Spread: 0.80 (0.133%)
Open: 600.00
High: 604.00
Low: 600.00
Prev. Close: 601.00
DARK Live PriceLast checked at -

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Darktrace executive named in Autonomy ruling - report

Wed, 18th May 2022 09:42

(Sharecast News) - Shares in Darktrace fell sharply on Wednesday, after a senior director of the cyber security specialist was linked to the legal row over Autonomy's sale to Hewlett Packard.

According to The Telegraph, Justice Robert Hildyard - in a judgement handed down on Tuesday - found that Autonomy's central management had pulled on accounting "levers" to misrepresent how well the business was fairing ahead of its 2011 sale to the US tech firm.

Nicole Eagan, then Autonomy's chief marketing officer, was named as "part of a clique responsible with the defendants of the operation of the impugned levels".

After leaving Autonomy, Eagan set up Darktrace with a number of other tech experts and became co-chief executive alongside fellow founder and current head Poppy Gustafsson. Eagan, currently Darktrace's chief strategy officer and AI officer, remained in the role until mid 2020.

HP paid $11.7bn for Autonomy only to write down the value of the business by $8.8bn a year later. It accused founder Mike Lynch, who was until earlier this year an advisor to Darktrace, of over-inflating the firm's value, and launched a civil case against him. Lynch denies all claims against him.

US prosecutors are seeking to extradite Lynch to face criminal charges. Justice Hildyard ruled earlier this year that HP's claims of fraud had "substantially succeeded". The judgement handed down on Tuesday laid out the reasoning behind the ruling.

A HP spokesperson told The Telegraph that the firm was "pleased" with the ruling, while lawyers for Lynch, who is fighting the extradition request, said he was "naturally disappointed" and intended to appeal.

Darktrace and Eagan have yet to comment.

As at 1045 BST, shares in Darktrace had slumped 12% at 335p.

More News
24 Nov 2022 14:34

DIRECTOR DEALINGS: Darktrace strategy chief banks GBP5.0 million

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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16 Nov 2022 15:29

DIRECTOR DEALINGS: Darktrace CTO and outgoing Grafton CEO sell shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News:

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14 Nov 2022 08:43

Darktrace sees 'strong demand' for PREVENT offering

(Sharecast News) - Cyber security firm Darktrace said on Monday that it had seen "strong demand" for its new PREVENT product family as more and more organisations sought to prevent cyber-attacks.

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4 Nov 2022 09:43

Numis starts coverage of Darktrace at 'buy'

(Sharecast News) - Numis initiated coverage of Darktrace on Friday with a 'buy' rating and 520p price target.

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27 Oct 2022 16:19

UK shareholder meetings calendar - next 7 days

Friday 28 October 
ITM Power PLCAGM
Kibo Energy PLCAGM
Mattioli Woods PLCAGM
Shepherd Neame LtdAGM
Tirupati Graphite PLCAGM
The Investment Co PLCAGM
Monday 31 October 
Aberforth Split Level Income Trust PLCAGM
B&M European Value Retail SAGM appointment of directors
Brown Advisory US Smaller Cos PLCAGM
City of London Investment Group PLCAGM
GSTechnologies LtdAGM
London Finance & Investment Group PLCAGM
M&C Saatchi PLCGM re takeover offer from Next Fifteen Communications
Springfield Properties PLCAGM
Superdry PLCAGM
Tavistock Investments PLCAGM
Time Finance PLCAGM
TruSpine Technologies PLCAGM
Tuesday 1 November 
Allied Minds PLCGM delisting of shares
Capita PLCGM re disposal of Pay360 Ltd
Countryside Partnerships PLCGM admission of the New Vistry Shares
JPMorgan Mid Cap Investment Trust PLCAGM
KR1 PLCAGM
Ikigai Ventures LtdAGM
Murray Income Trust PLCAGM
OPG Power Ventures PLCAGM
VietNam Holding LtdAGM
Vistry Group PLCGM Countryside acquisition
Wednesday 2 November 
Hansard Global PLCAGM
IDE Group Holdings PLCAGM
Malvern International PLCGM share reorganization
MiLOC Group LtdAGM
NCC Group PLCAGM
Silverwood Brands PLCGM new ordinary shares
Thursday 3 November 
Amte Power PLCAGM
Arc Minerals LtdAGM
Cap-XX LtdAGM
Darktrace PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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12 Oct 2022 09:52

LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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12 Oct 2022 09:26

Darktrace backs annual guidance but cautions on strong dollar

(Alliance News) - Cybersecurity firm on Wednesday Darktrace PLC backed annual guidance, but said it is closely watching foreign exchange movements, which may hit top-line growth.

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12 Oct 2022 07:57

LONDON BRIEFING: Hopes of BoE gilt buying reprieve; UK GDP falls

(Alliance News) - Hopes that the Bank of England will extend emergency gilt buying and avoid a bond market cliff-edge were given a boost early Wednesday.

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12 Oct 2022 07:27

Darktrace holds guidance but warns on FX headwinds

(Sharecast News) - UK cybersecurity firm Darktrace maintained annual guidance but warned that foreign exchange headwinds could weigh on it during the period.

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2 Oct 2022 16:23

Sunday newspaper round-up: British Steel, Takeovers, Credit Suisse

(Sharecast News) - Jingye Group, the Chinese outfit that brought British Steel out of insolvency in 2020, has told ministers that its two blast furnaces would not be viable unless financial support from taxpayers was forthcoming. In remarks to Sky News, insiders said the company may need "hundreds of millions of pounds" in order to keep the company's blast furnaces in Scunthorpe, north Lincolnshire, operational. It remained nevertheless unclear whether the rescue package would take the form of a grant or loan. - Sunday Telegraph

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28 Sep 2022 06:42

IN BRIEF: Darktrace CEO Poppy Gustafsson buys GBP120,000 in shares

Darktrace PLC - Cambridge, England-based cyber security - Chief Executive Officer Poppy Gustafsson buys 37,572 shares at GBP3.21 each, for a total of GBP120,424, in London on Monday.

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9 Sep 2022 09:17

LONDON BROKER RATINGS: Barclays cuts AB Foods to 'equal weight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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9 Sep 2022 08:45

LONDON MARKET OPEN: FTSE 100 miners rise on positive Chinese data

(Alliance News) - Stock prices in London opened in the green on Friday morning, with the FTSE 100 index boosted by the news of slowing consumer price inflation in China, which helped lift miners.

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9 Sep 2022 07:45

LONDON BRIEFING: UK watchdog clears LSEG's acquisition of Quantile

(Alliance News) - Stocks were called higher on Friday morning, as the UK mourned the death of the Queen and after a major interest rate hike from the European Central Bank.

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8 Sep 2022 16:56

LONDON MARKET CLOSE: FTSE regains poise despite ECB, hawkish Powell

(Alliance News) - Stocks in Europe largely overcame some early afternoon weakness to end higher on Thursday, after the European Central Bank enacted a historic interest rate hike.

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