Alliance News eyes global growth following PA Group and dpa investment
The financial news wire plans to enter a number of European markets, including France.
Financial wire Alliance News is gearing up for further growth after securing investment from two European media organisations.
PA Group – the owner of the Press Association (PA) – and Germany’s Deutsche Presse-Agentur (dpa) have taken a near 8% combined stake in the financial news wire, which is plotting further expansion across Europe, the Middle East and Africa.
Alliance News, which rolled out an Italian service in February, plans to enter a number of European markets, including France.
The London-based organisation covers more than 2,000 companies and investment trusts on the London Stock Exchange, as well as political and economic news.
PA and dpa are the national news agencies for the UK and Germany respectively.