LONDON (Alliance News) - Bob Diamond's Atlas Mara cash shell has failed to secure the additional USD400 million he was targeting for his African venture after some investors balked at the second fundraising in six months, the Financial Times reports Friday, citing two people familiar with the sit Read More

MARKET COMMENT: Go-Ahead Rallies On New Contact, But UK Indices Mixed

23rd May 2014 10:01

LONDON (Alliance News) - UK stocks are trading mixed Friday with investors finding little reason to significantly add to positions at the end of a relatively muted week for equity trading and ahead of a long weekend, although there are some notable individual movers. By mid-morning Friday t Read More

Diamond's Atlas Mara To Acquire Commercial Arm Of Rwandan Bank

23rd May 2014 07:54

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd, the investment firm co-founded by former Barclays PLC Chief Executive Bob Diamond, Friday said it has agreed to acquire the government of Rwanda's 77% stake in the commercial arm of the Development Bank of Rwanda. The news comes after Atlas Read More

UK MORNING BRIEFING: Smiths Group And Tullow Oil Drag On FTSE 100

23rd May 2014 07:34

LONDON (Alliance News) - UK shares have opened mixed Friday, with mid- and small caps posting small gains while the FTSE 100 has started lower. Smiths Group and Tullow Oil are depressing the blue-chip index, as Smiths warned about the results of one Read More

Atlas Mara Says Proceeds From IPO Easily Accessible When Required

15th May 2014 15:14

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd, which raised USD325.0 million in an initial public offering in December, said Thursday the net proceeds from its IPO are easily accessible when required. In an interim management statement for the period November 28 to March 31, the company Read More

UK MORNING BRIEFING: ITV Weighs On FTSE 100 Despite Strong Revenue

14th May 2014 07:29

LONDON (Alliance News) - Share have opened mixed in London Wednesday, with the FTSE 100 underperforming small- and mid-cap indices, ahead of UK economic data and announcements by the Bank of England. The blue-chip index is being weighed down by broadcaster ITV, whos Read More

Atlas Mara Plans Placing To Raise USD400 Million

13th May 2014 17:36

LONDON (Alliance News) - Atlas Mara Co-Nvest Ltd Tuesday said it plans to privately place 36.5 million shares at an issue price of USD11.00 per share to raise roughly USD400 million. The investment company said it plans to use the proceeds to support the growth of its ABC Holdings Ltd inves Read More

Diamond's Atlas Mara Poaches New Chief Executive From Barclays

8th Apr 2014 11:14

LONDON (Alliance News) - Bob Diamond, the former Chief Executive of Barclays PLC, has turned to his old stomping ground in order recruit the new leader of Atlas Mara Co-Nvest Ltd, the investment company he co-founded to make financial services acquisitions in Africa. In a statement, Tuesday Read More

TOP NEWS: Sports Direct Founder Sells 4% Stake For GBP204 Million

8th Apr 2014 10:34

LONDON (Alliance News) - The following is a summary of top news stories Tuesday. ---------- COMPANIES ---------- Sports Direct International PLC said Mike Ashley, its founder and deputy chairman, sold 24 million ordinary shares, representin Read More

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

8th Apr 2014 07:29

LONDON (Alliance News) - UK shares have opened lower Tuesday on a weak lead from the US and renewed concerns about Ukraine. Barclays PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers w Read More

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