Rightmove plc shares slumped more than 15% in early London trading after the UK’s largest online property portal announced plans to step up investment in artificial intelligence (AI) and rebuild
UK House Prices Climb for Third Straight Month
House prices climbed for the third month in a row in August as easing mortgage rates and continued wage growth helped support demand in the property market.
The Great Housing Squeeze: Prices Slip as Reeves Targets Tax
House prices stumbled last month, slipping when they were expected to climb, just as Chancellor Rachel Reeves sharpens her pencil over a potential tax raid on Britain’s wealthiest homeowners.
UK property values hit a record high amid the Bank of England’s rate cut.
New industry data reveals that house prices surged to a record high just one day after the Bank of England reduced interest rates and hinted at more cuts on the
UK house prices decline for the first time since March, according to Halifax
A key survey revealed that house prices declined for the first time in nine months as many prospective buyers grappled with mortgage affordability amid rising interest rates.
Investors hope for Santa rally – Christmas Eve session, 24th December 2024
Today marks the final trading day in global stock markets before Christmas, and traders hope the traditional Santa Rally will boost their fortunes.
Murdoch’s REA withdraws from the race to acquire Rightmove.
Rupert Murdoch’s online property group, REA, which is owned by News Corp, has officially withdrawn from attempting to acquire Rightmove, citing a “lack of meaningful engagement” from the company’s board.
Rightmove Plc – Statement re Rejection of possible offer following engagement with REA
Rightmove PLC (LON: RMV) has decisively turned down a fourth acquisition proposal from Rupert Murdoch’s REA Group. It also declined requests to allow access to its financial records and to
Murdoch makes a final £6.2 billion bid for Rightmove.
Rupert Murdoch’s Australian property business has made a final takeover bid for Rightmove, intensifying its criticism of the board’s unwillingness to engage.
Rightmove PLC (LON:RMV ) has turned down an improved £6.1bn takeover bid from Rupert Murdoch’s REA Group
The UK-based online property portal Rightmove has turned down an improved £6.1bn a third takeover bid from billionaire Rupert Murdoch’s REA Group, stating that the offer undervalued the company.
Bank of England Expected to Lower Interest Rates Through 2026
According to economists, the Bank of England is expected to continue cutting interest rates until 2026, as the UK economy faces ongoing inflationary pressures and a tight labor market.
Sterling reaches two-year high amid expectations of rapid US rate cuts.
Sterling continued to strengthen against the dollar on Tuesday after the Bank of England’s decision last week to maintain its base interest rate, while US policymakers implemented a 0.5% rate