Austin Lally may have led Europe’s largest initial public offering in 2025 when he successfully listed Verisure Plc in Sweden, but since then, life for the chief executive officer of the alarm group hasn’t exactly been smooth-sailing. Since its October debut in Stockholm, Verisure has lost over a quarter of its market value, with the firm getting caught up in a broader concerns about disruption fr...
Austin Lally may have led Europe’s largest initial public offering in 2025 when he successfully listed Verisure Plc in Sweden, but since then, life for the chief executive officer of the alarm group hasn’t exactly been smooth-sailing. Since its October debut in Stockholm, Verisure has lost over a quarter of its market value, with the firm getting caught up in a broader concerns about disruption from artificial intelligence. Joining Verisure over a decade ago after a 26-year career with Procter & Gamble Co. , Lally sat down with Bloomberg to talk about how to distinguish a Scottish burglar from a German shepherd, how AI is helping to secure gardens and why he prefers organic growth to acquisitions. The transcript has been edited for length and clarity. Bloomberg: How do you explain the recent stock performance? Lally: There’s always short term, reaction and volatility. What I really firmly believe is that over the medium term, if you keep delivering, markets will find the true value of a company. I didn’t sell any shares at the IPO. And it wasn’t because somehow my hands were tied. It was because I know where this company’s gonna be in two, three, four, five years’ time. Q: Was London ever an option for the IPO? A: We would have been successful if we’d listed on other exchanges. But Stockholm seemed like the natural choice. It’s not our number one market now. But it’s still sizable. Importantly, it’s really at the center of our R&D and innovation program. When you get to the listing considerations, it came down to two things. The first was a lot of strong local institutional support and interest. The second was the realization that it didn’t come at the expense of international investors. Stockholm wasn’t a barrier. So I think we got the best of both worlds. Q: Verisure has been caught up in broader concerns about AI risks. Is that fair? A: We actually think we’re going to be a big beneficiary of AI. The main pillars of our business are detection, verification and id...
Micron Technology announced plans for up to $200b in new U.S. memory fabrication facilities, focused on high-bandwidth products for AI infrastructure. The company is shifting away from consumer memory markets toward enterprise and AI driven applications, supported by multi year supply agreements. Full year sell outs in key product lines and government support programs are reinforcing Micron's repo...
Micron Technology announced plans for up to $200b in new U.S. memory fabrication facilities, focused on high-bandwidth products for AI infrastructure. The company is shifting away from consumer memory markets toward enterprise and AI driven applications, supported by multi year supply agreements. Full year sell outs in key product lines and government support programs are reinforcing Micron's repositioning within the global memory supply chain. Micron Technology, ticker NasdaqGS:MU, is...
Photo: VCG Spirit AI, a Beijing-based robotics startup, has raised nearly 2 billion yuan ($290 million) in two recent financing rounds that put its value at above 10 billion yuan. The funding effort, announced Tuesday, comes as immense capital flows into China’s robotics industry, where investors are placing aggressive bets on startups developing general-purpose robots capable of navigating comple...
Photo: VCG Spirit AI, a Beijing-based robotics startup, has raised nearly 2 billion yuan ($290 million) in two recent financing rounds that put its value at above 10 billion yuan. The funding effort, announced Tuesday, comes as immense capital flows into China’s robotics industry, where investors are placing aggressive bets on startups developing general-purpose robots capable of navigating complex physical environments.
Microsoft billionaire Bill Gates has found a buyer for the charming home next to his sprawling Xanadu 2.0 dwelling—just six days after listing the property for $4.8 million.
Microsoft billionaire Bill Gates has found a buyer for the charming home next to his sprawling Xanadu 2.0 dwelling—just six days after listing the property for $4.8 million.
The so-called ‘pocket book’ sold in supermarkets is being phased out across the US, the latest sign of an ongoing shift in how people are choosing to read Shelly Romero has early memories of going to her local supermarket and picking pulp fiction off the shelves. “We were very working class; my mom was working two jobs sometimes,” she recalls. “The appeal of books being cheaper and smaller and abl...
The so-called ‘pocket book’ sold in supermarkets is being phased out across the US, the latest sign of an ongoing shift in how people are choosing to read Shelly Romero has early memories of going to her local supermarket and picking pulp fiction off the shelves. “We were very working class; my mom was working two jobs sometimes,” she recalls. “The appeal of books being cheaper and smaller and able to be carried around was definitely a thing. ” For generations of readers, the gateway to literature was not a hushed library or a polished hardback but a wire spinner rack in a supermarket, pharmacy or railway station. There, amid chewing gum and cigarettes, sat the mass-market paperback: squat, roughly 4in by 7in and cheap enough to be bought on a whim. Continue reading...
Tottenham have lowest wage bill among ‘big six’ sides Major overhaul of squad planned for summer by owners Tottenham’s owners are planning to rip up the club’s rigid wage structure before a major overhaul of the squad this summer if the team avoid relegation. There is an acknowledgment at Spurs that the club have underinvested in player salaries for years, which along with an injury crisis has led...
Tottenham have lowest wage bill among ‘big six’ sides Major overhaul of squad planned for summer by owners Tottenham’s owners are planning to rip up the club’s rigid wage structure before a major overhaul of the squad this summer if the team avoid relegation. There is an acknowledgment at Spurs that the club have underinvested in player salaries for years, which along with an injury crisis has led to their being 16th in the Premier League, four points off the bottom three. Continue reading...