(Victoria Jones/PA)
(Picture: PA Wire)London’s top-10 listed tech firms lost a combined £20 billion in value since the beginning of last year, an Evening Standard analysis has found, as soaring inflation, rising interest rates and stagnant economic growth took their toll on tech sector valuations.
Takeaway app Just Eat was among the hardest-hit of the UK’s tech stocks, losing around £4.8 billion from its market value, while rival Deliveroo lost around £1.9 billion and cybersecurity business Darktrace lost just shy of £2 billion.
