Rightmove still overvalued with another REA bid unlikely, says Jefferies
26th Feb 2025 13:06
(Sharecast News) - The market continues to overvalue Rightmove, with the shares pricing in another takeover offer from REA Group that's unlikely to materialise, according to Jefferies, which reiterated an 'underperform' stance on the stock.
Read moreLondon close: Stocks higher after softer UK employment data
21st Jan 2025 16:41
(Sharecast News) - London stocks closed higher on Tuesday, as investors assessed the latest UK employment data, and watched for developments across the pond on the first full day of Donald Trump's second presidential term.
Read moreLondon close: Stocks higher as UK growth misses forecasts
16th Jan 2025 15:58
(Sharecast News) - London equities ended Thursday in positive territory, with investors buoyed by weaker-than-expected UK growth data that bolstered expectations of a potential interest rate cut by the Bank of England next month.
Read moreRightmove reports record Boxing Day as new seller activity surges
31st Dec 2024 09:36
(Sharecast News) - The number of properties listed for sale on Rightmove hit a record number on Boxing Day, the housing platform revealed on Tuesday, with both new seller activity and website visits both hitting all-time highs.
Read moreLondon close: Stocks slip on GDP revision, Middle East tensions
30th Sep 2024 16:06
(Sharecast News) - London stocks closed in the red on Monday, with heightened geopolitical tensions in the Middle East weighing on investor sentiment.
Read moreRightmove rejects £6.2bn takeover offer from REA Group
30th Sep 2024 07:59
(Sharecast News) - Rightmove tumbled on Monday after Rupert Murdoch's Australian property business REA Group said it was abandoning its pursuit of the property portal after a fourth, £6.2m takeover proposal was rejected.
Read moreLondon close: Stocks rise as US PCE inflation slows
27th Sep 2024 16:58
(Sharecast News) - London stocks closed higher on Friday as investors digested a slowdown in the Federal Reserve's preferred inflation measure.
Read moreRightmove tells shareholders to 'take no action' over £6.2bn REA offer
27th Sep 2024 16:06
(Sharecast News) - Rightmove responded to a fourth unsolicited and "highly conditional" acquisition proposal from REA Group on Friday afternoon, urging shareholders to take no action while it considered the deal.
Read moreREA urges Rightmove board to engage with it over fourth offer
27th Sep 2024 11:12
(Sharecast News) - REA Group urged the board of Rightmove to engage with it on Friday, as it made a fourth non-binding proposal to acquire the company, valuing it at £6.2bn.
Read moreLondon close: Stocks rise as US jobless claims reach four-month low
26th Sep 2024 15:13
(Sharecast News) - London markets ended Thursday on a positive note, as investors reacted to a four-month low for US jobless claims, and renewed support measures from China.
Read moreLondon close: Markets give up gains to finish lower
25th Sep 2024 15:16
(Sharecast News) - London stocks ended Wednesday's session in negative territory as the impact of recent Chinese stimulus measures waned.
Read moreRightmove rejects third takeover offer from REA
25th Sep 2024 07:16
(Sharecast News) - UK property platform Rightmove has once again rejected a takeover offer from REA Group, saying the Australian outfit's latest proposal "materially undervalues" the company.
Read moreLondon close: Stocks finish higher after slew of PMI data
23rd Sep 2024 15:05
(Sharecast News) - London's stock markets ended Monday on a positive note, as investors pored over a number of economic activity reports from both the UK and international markets.
Read moreMurdoch's REA takes third tilt at Rightmove with £6.1bn offer
23rd Sep 2024 07:04
(Sharecast News) - Rightmove on Monday said it would respond to a third offer from Rupert Murdoch's REA Group for the UK housing portal valuing it at £6.1bn, "in due course".
Read moreLondon close: Stocks slip as US CPI slows, UK GDP stagnates
11th Sep 2024 16:51
(Sharecast News) - London's stock markets closed weaker on Wednesday, reflecting caution among investors following weaker-than-expected inflation data from the US and economic stagnation in the UK.
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