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June 10 (Reuters) - Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, said its Executive Chairman David Lenigas has stepped down with immediate effect. Chief Executive Ed Winter will take over Lenigas' responsibilities on an interim basis and the search for
Read more* Early success in Tanzania but expansion delayed * Carrier faces regulatory, infrastructure, cost problems * African aviation set to grow rapidly By Wendell Roelf CAPE TOWN, June 4 (Reuters) - Dogged by a series of snags in its attempt to create Africa's first continent-w
Read more* FS Africa consortium offers 10.25 pence per share * Offer represents premium of 97.1 pct to stock's Tuesday close (Adds analysts comments, background; updates share movement) By Richa Naidu and Karen Rebelo May 15 (Reuters) - British conglomerate Lonrho Plc, whose roots go b
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Africa-focused mini-conglomerate Lonrho has agreed terms for its takeover almost double its opening market value. Lonrho's board has agreed to a cash offer from a company owned by Swiss billionaire Thomas Schmidheiny and hedge fund manager Rainer-Marc Frey. Shareholders in fully listed Lonrho will
Read moreUK small caps rise 0.2 percent, in line with mid-caps and outperforming blue chips, down 0.2 percent. Shares in Lonrho rise 89 percent to 9.82 pence, to the top of the small-cap index as the British industrial group receives a buyout offer at a premium of 97.1 percent from a company control
Read moreMay 15 (Reuters) - British industrial group Lonrho Plc said it received a 174.5 million pound ($266.23 million) buyout offer from FS Africa. Lonrho said FS Africa offered to pay 10.25 pence per share, a premium of about 97.1 percent to its Tuesday's closing price of 5.2 pence on the London
Read moreEgypt-focused gold miner Centamin yesterday unveiled a better than forecast increase in production which - if sustained - could see the company beat its own guidance for the year. Unfortunately, it continues to be dogged by legal squabbles in the North-African country and a judicial process which is
Read moreLonrho's shares fell Friday after it announced it has raised 2.4 million pounds to fund its expansion plans. The African transport, food and hotels conglomerate placed 40.4m new ordinary shares at 1.0p each in the share capital of the company at 6.2p per placing share. Lonrho last week reported r
Read moreAberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreThe FTSE Small Caps index closes flat, underperforming a 1.2 percent gain on the blue-chip FTSE 100 and a 1 percent rise on the FTSE 250 mid-cap index. Lonrho, a conglomerate focusing on Africa whose businesses range from the agricultural sector to hotels, slips 4.2 percent after Jefferies
Read moreThe FTSE Small Caps index is down 0.1 percent by around midday, underperforming gains of 1.1 percent on both the blue-chip FTSE 100 index and the FTSE 250 mid-cap index. Lonrho, a conglomerate focusing on Africa whose businesses range from the agricultural sector to hotels, slips 1.1 perce
Read moreAfrica-focused investment company Lonrho has unveiled strong revenue growth for 2012 and a 32 per cent rise in revenues for the final quarter, underpinned by solid growth in its agribusiness division. Revenue from core operating divisions in the fourth quarter was £46.0m, compared with £34.8m for t
Read moreLONDON, Feb 6 (Reuters) - Fastjet, the African budget airline backed by easyJet founder Stelios Haji-Ioannou, is in a dispute over the right to use the Fly540 brand in Angola, Ghana and Tanzania. The brand's owner, Five Forty Aviation, said on Wednesday that it had withdrawn the licences it
Read moreARM Holdings: Investec ups target price from 900p to 940p, maintaining its hold recommendation. JP Morgan increases target price from 540p to 625p and retains a neutral rating. UBS moves target price from 900p to 930p, while its neutral rating is reiterated. Espirito Santo raises target price from 8
Read moreLonrho's shares plummeted Monday as the British industrial group announced it would post a loss for the full year following a number of setbacks in projects and delivery of contracts. The company - which has interest in Africa and operates through its divisions in agricultural operations, infrast
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