LONDON, July 31,
2024 /CNW/ -- Two of Europe's leading media organisations have
increased their holdings in Alliance News, a London-based global provider of real-time
financial news.
PA Media Group, the parent company of the Press Association, the
national news agency for the UK and Ireland, and German news agency, dpa (Deutsche
Presse-Agentur), have increased their combined stake to just over
21% (10.68% each) from just under 8% (3.86% each).
Both PA and dpa now will take seats on an expanded Alliance News
board.
Alliance News provides four distinct news services for financial
professionals and retail investors. The Global 500 service reports
on the 500 largest and most followed listed companies in the world,
while the Italian, South Africa
and UK services cover every company publicly traded in those three
local markets, including small-cap stocks and investment trusts.
Economic and market reporting of all major economies complement the
detailed equities news coverage.
Alliance News was formed in 2013 and has grown steadily since,
with its global customer and coverage footprint continuing to
expand.
Tom Waite, founder, editor &
chief executive of Alliance News, said:
"Alliance News celebrated its 10th anniversary just
over a year ago, which was a significant milestone for us. This new
investment is another important moment. It is great to see dpa and
PA stepping up their ownership of the company and involvement in
our future direction at this crucial stage in our
development. We are increasingly working with dpa and its
other portfolio companies, including dpa-AFX and AWP, on expanding
our global news coverage. With PA, we are contributing news to the
PA Mediapoint platform for PR and communications professionals, and
recently we started to partner with PA's social media specialist
agency Hydrogen on custom-publishing projects."
Emily Shelley, Chief Executive of
PA Media Group, said:
"The news agenda will continue to be dominated by business and
financial developments as companies in the UK, Europe and elsewhere navigate this period of
political and economic change. Alliance News is well
positioned to provide the coverage that decision makers rely on and
shares PA's values of timely and accurate journalism."
Peter Kropsch, Chief Executive
Officer of dpa, said:
"We have been shareholders in Alliance News since 2017 and are
very satisfied. The company has developed excellently since then.
It harmonizes perfectly with the portfolio of our financial news
agency operations in Germany and
Switzerland. We look forward to
supporting Alliance News and its management team even more in the
development of new markets and products through our expanded
involvement."
About Alliance News
Alliance News was founded in 2013, and its UK service quickly
became known for its independent, fast and accurate coverage of
every company listed in London,
combined with the most relevant global economic and political news
for investors. In 2017, Alliance News launched its Italian Service,
providing the same universal news coverage in Italian language of
all Milan-listed companies. This
was followed by the South Africa Service in 2018 and the Global 500
service in 2019.
Alliance News is available via a wide range of leading
market-data vendors, content-aggregation platforms, and
investor-information websites in the US, UK, Italy and elsewhere.
For more information about Alliance News, visit
www.alliancenews.com.
About PA Media Group
PA Media Group comprises a diverse portfolio of specialist media
companies, spanning news & information, technology and
communications services.
Its flagship brand, PA Media, is the UK and Ireland's national news agency.
Alongside PA Media, the Group is also the parent company of Alamy,
a stock imagery business; Globelynx, a broadcast technology
company; Sticky, a digital marketing agency; Hydrogen, a social
media agency; StreamAMG, a video streaming business; PA TV
Metadata, PA Mediapoint, PA Media Academy and PA
Betting Services and iRace, specialist providers of
data, content and related services to the betting
sector. PA Media Group also owns stakes in the financial news
provider, Alliance News, and automotive content business Baize
Group.
PA Media Group has 20 shareholders, who are mainly UK news and
media businesses. The largest shareholders include DMGT plc,
Informa plc, News UK plc and Reach plc.
http://www.pamediagroup.com
About dpa
The German Press Agency dpa is owned by more than 170 media
companies. It is a trusted, accurate and independent provider
of news with the digital and multimedia content to power the media
at home and abroad. Our customers benefit from the extensive global
network of correspondents and editors maintained by Germany's leading news wire. News gathering is
completely free of outside influence which in turn guarantees that
coverage lives up to the strict requirements of the dpa charter:
This document lays down that reporting must be free of bias and
unfettered by political, economic or governmental ideologies. Print
media, radio stations, online and mobile communication providers in
more than 100 countries rely on this journalistic excellence
around-the-clock. Among dpa clients are parliaments, governmental
and non-governmental organisations as well as businesses and public
relations agencies. They all derive news content from the wide
range of products and services provided by the dpa group of
companies. www.dpa.com.
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SOURCE Alliance News