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HP: 'Accounting impropriety' at newly-purchased firm

Hewlett-Packard has asked the Serious Fraud Office and the USA's Securities and Exchange Commission's enforcement division to investigate Credit: Press Association

Technology giant Hewlett-Packard has made allegations of accounting impropriety at Autonomy, a British firm it bought last August, as it announced an $8.8 billion (£5.5bn) writedown in the value of its $10billion (£6.3bn) acquisition of the company.

Job cuts at Hewlett Packard

The world's biggest manufacturer of personal computers Hewlett Packard is cutting 27 thousand jobs by the end of 2014. That's eight per cent of its global workforce. It's not clear how many jobs will be lost in Britain. The move will save the company more than two billion pounds a year.

Hewlett Packard Credit: PA