Ex-New York Mayor Michael Bloomberg U-turns after tiring of the quiet life Financial news company Bloomberg announced yesterday that president and chief executive, Daniel Doctoroff would be stepping aside for founder and former New York Mayor Michael Bloomberg to return. Bloomberg, the majority shareholder, had said that he had “never intended to come back”. On leaving office as New York mayor in 2013, he previously said he [...]
DN Capital raises $200m for new start-up fund LONDON-based venture capital (VC) firm DN Capital announced yesterday that it has raised $200m (£159m) to launch its third European investment fund, with a specific focus on start-ups in London and Berlin. DN Capital has previously invested in about 50 companies, including London-based mobile app Shazam, and currently has funds of $320m under its management. [...]
Johnsons Dry Cleaners owner boosts dividend by a quarter Textile group Johnson Service yesterday announced a 5.7 per cent rise in first-half revenue, at £101.6m improved from £96.1m in the same period last year. The group, which has businesses in workwear, textile rental and dry cleaning sectors, said its pre-tax profits of £6.4m were 45.5 per cent better than the previous year. Meanwhile, after [...]
Monitise’s information chief walks out after share price boom September 1, 2014 Mobile transactions firm Monitise yesterday announced the surprise departure of its information chief with immediate effect. Monitise, whose shares soared 13.2 per cent last Wednesday after the mobile banking and payments firm announced a deeper alliance with business giant IBM, said Mike Keyworth would remain a technology adviser to the firm. Shares fell 1.5 per [...]
