Johnson in bid to revive Brainspark
Saturday 20 October 2012
Luke Johnson, the entrepreneur who was previously behind Pizza Express and used to be chairman of Channel 4, has emerged as a surprise investor in the Aim-listed investment company Brainspark, and he has also become chairman.
Mr Johnson spent £1m to buy 25 million shares at 4p as part of a share placing which raised £2.8m. The non-executive director Edward Burman has quit as part of the shake-up at Brainspark, which says it is "pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the leisure and real-estate sectors, mainly in Italy but also other European countries".
Brainspark debuted on Aim in 2000, but the shares have fallen more than 80 per cent per cent in the past 12 months. Yesterday they rose 0.125p to 5p. The company was late to file accounts, which show an annual loss of £6.7m. Mr Johnson, who runs the private equity firm Risk Capital Partners, has a reputation for taking on difficult challenges, not always successfully, as he struggled to turn around book chain Borders.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 5 Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...