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Leeds-based Smoothwall has been acquired by Australian company Family Zone Cyber Safety Limited for £75.5m

Leeds-based Smoothwall has been acquired by Australian company Family Zone Cyber Safety Limited for £75.5m
yorkshirepost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yorkshirepost.co.uk Daily Mail and Mail on Sunday newspapers.

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Tech stocks slump as profitability awaits

Tech stocks slump as profitability awaits
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Tech stocks slumped on Thursday for the third consecutive session after a jolt in bond yields weighed on growth stocks, pulling the Australian sharemarket into negative territory.
Australian tech companies were among the worst performers on the local market for the day as the S&P/ASX 200 All Tech index fell 1.9 per cent, bringing losses over the past three days to more than 3 per cent and dragging the broader market to a 0.8 per cent loss for the session.
The drop for tech stocks was fuelled by another swift sell-off in government debt that added 10 basis points to the yield on the Australian 10-year government bond following a similar move for US bonds. Rising yields put pressure on the valuations of growth stocks, by reducing the value of the profits promised in the future, known as duration risk. ....

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