The 22 July court ruling stated that HP is owed almost £700m due to the difference between the acquisition price of Autonomy and the price based on the company’s true financial position. Reuters reported that HP is also entitled to another $47.5m for losses suffered by Autonomy group companies in relation to hardware sales and other transactions.

The High Court is set to decide on the damages Hewlett Packard is owed from the acquisition of Autonomy, following allegations of fraud against late co-founder Mike Lynch. The court's decision follows a lengthy litigation process,