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.
REA Group has increased its offer to nearly 750p per share for the UK property giant Rightmove
The Murdoch family’s Australian property company has raised its bid for Britain’s Rightmove in a deal valued at nearly £5.9 billion.
Rightmove declines takeover offer from Rupert Murdoch’s REA Group.
Rightmove is holding firm, having rejected an unsolicited takeover bid from Rupert Murdoch’s REA Group.
Murdoch’s online property group is contemplating a £4.4 billion acquisition of Rightmove.
Australia’s REA Group, an online property advertising firm majority-owned by Rupert Murdoch’s News Corp, is considering a potential takeover of Rightmove in a deal estimated at around £4.4 billion.
Households with mortgages face the largest impact from inflation.
Over the past year, families with mortgages in Britain have experienced the most significant increase in living costs compared to other households due to sustained high interest rates.
HSBC accused of breaching money laundering regulations, according to regulator
Swiss regulators have found that HSBC failed to conduct necessary checks on “high-risk” transactions totalling $300m (£236.7m) intended to prevent money laundering.
HSBC warns that Labour policies could lead to higher mortgage bills and increased unemployment.
HSBC has warned that a Labour victory in the general election could lead to higher unemployment and increased mortgage interest rates.
UK Housing market will improve this year, says Rightmove
Rightmove anticipates improvements in the UK property market this year and expects a slight increase in its customer base compared to 2023.
Santander Raises Mortgage Rates Again, Marking Second Increase in a Week
Santander UK has announced a second increase in fixed mortgage rates in under a week.
UK mortgage approvals reach 18-month peak
According to recent figures from the Bank of England, mortgage approvals for home buyers in March reached their highest level since September 2022.
HSBC forecasts that inflation will decrease to 1.2 percent in June, but anticipates it will begin to increase thereafter.
HSBC predicts that the UK’s inflation rate will drop to 1.2 percent in June, followed by a rise later in the year.
BizTech Academy and Zaks Traders Café video podcast, Saturday 23rd March 2024
Welcome to the latest episode of Weekend Markets where BizTech and Zaks take a light-hearted look at the past week and attempt to predict what will happen next…Enjoy!