Bytes Technology CEO Neil Murphy resigned due to undisclosed share trading, causing a 10.7% share drop and £155m value reduction.

Software firm Bytes Technology's CEO, Neil Murphy, resigned after failing to disclose trading shares in the company. £150m was wiped off the value of the FTSE 250 group following the announcement. Shares in the software, security, and cloud services provider plunged 10.7%, reducing its value by £155m to £1.3bn. Bytes Technology is "working to clarify the details of undisclosed trades" by Murphy.

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