Reuters UK Domestic

Mike Lynch, the UK tycoon who defeated US fraud charges, missing at sea

20 Aug 2024

By Paul Sandle LONDON (Reuters) – Mike Lynch, the tech tycoon missing after his luxury yacht sank off Sicily, spent more than a decade building Britain’s biggest software company and then almost as long again fighting fraud charges related to its multi-billion pound sale. Lynch founded Autonomy from his ground-breaking research at Cambridge University in …

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Sterling hits one-month high versus dollar, awaits data, Bailey

20 Aug 2024

By Stefano Rebaudo (Reuters) – Sterling hit a one-month high against a weakening dollar and was flat versus the yen on Tuesday. Investors are awaiting business activity figures on Thursday and comments from Bank of England governor Andrew Bailey at a meeting of central bankers at Jackson Hole on Friday. Official data showed signs of …

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Factbox-Who are the six missing in luxury yacht disaster off Sicily

20 Aug 2024

By Catarina Demony LONDON (Reuters) – An intense storm sank a luxury yacht off Sicily’s coast on Monday, killing one man and leaving six missing, including British tech entrepreneur Mike Lynch and his daughter. Fifteen people escaped before the yacht sank. Here are details about the missing passengers. MIKE LYNCH AND DAUGHTER HANNAH Tech entrepreneur …

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Mike Lynch’s co-defendant in US trial dies in UK road accident

20 Aug 2024

By Paul Sandle and Alistair Smout LONDON (Reuters) – Stephen Chamberlain, once Mike Lynch’s co-defendant in the U.S. fraud trial over the sale of Autonomy to Hewlett-Packard, has died after a road accident, his lawyer said on Monday, days before Lynch went missing off the coast of Sicily. Chamberlain, Autonomy’s former vice president of finance …

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UK grants permission for London City Airport expansion after appeal

19 Aug 2024

LONDON (Reuters) -Britain’s government has approved plans to expand capacity at London City Airport by 2.5 million passengers, overturning parts of a previous local-level decision but maintaining a ban on Saturday afternoon flights. The airport had sought to expand annual capacity to 9 million passengers, up from 6.5 million, by 2031. It wanted to take …

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As rioters fill overcrowded prisons, UK turns to police cells

19 Aug 2024

LONDON (Reuters) – Britain will use an emergency measure to detain suspected criminals in police station cells until it can find space for them in its overcrowded prisons after police arrested hundreds over widespread rioting this month. Prime Minister Keir Starmer’s government said on Monday the arrests of more than 1,100 suspects over the racist …

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