China’s factories hit by falling export demand; Murdoch’s REA Group considers Rightmove takeover offer – business live
Rolling coverage of the latest economic and financial news, as Rightmove shares surge 25% after Rea Group considers approach
Despite Rightmove surging by over 20%, London’s blue-chip stock index is slightly lower this morning.
The FTSE 100 has dropped by 11 points, or 0.13%, to 8366.
Given cheap valuations on a historical basis as well as in comparison to many developed markets elsewhere, the UK has inevitably become something of a hunting ground.
The latest potential target in the premier index is Rightmove, after comments from Australia’s REA Group that it was considering making an offer having identified a “transformational opportunity” in combining the two online property websites. After a delayed start to enable price equilibrium, Rightmove shares opened up by around 24% as investors await further details of a concrete bid.
Continue reading...Date: | |
Tag: | China |
-
The New York Times - Top stories
Once Considered Foes, Iran-Backed Groups Get a Warm Welcome From Iraq
Hamas and the Houthis have opened offices in Baghdad, reflecting the two groups’ evolving relationship with Iraq as Tehran works to build a regional power bloc.9 hours ago -
Inc. - Business
This Is Why You Secretly Hate Your Business
An often-overlooked fix for dissatisfaction in your work5 hours ago -
The New York Times - Top stories
How the False Story of a Gang ‘Takeover’ in Colorado Reached Trump
The claim that Aurora, Colo., has been overrun by gun-toting migrants stemmed from the city’s fight with a landlord. Now it is central to one of former President Donald J. Trump’s anti-immigrant ...4 hours ago - Donald Trump -
The Guardian - World
Murdoch family fights to keep succession battle secret as Nevada hearings loom
Labyrinthine drama over which Murdoch child will get Fox Corp empire begins out of public view on Monday. The Murdoch family succession drama enters a new phase in a Reno, Nevada, courtroom this ...2 hours ago -
ESPN - Sports
Napier booed as UF falls to Aggies: 'No excuse'
After opening with two home games, and winning just one of them, the Texas A&M Aggies dominated Florida 33-20 in Gainesville, Florida, on Saturday for their first SEC win of the season, extending ...56 minutes ago -
The Wall Street Journal - World
The Top U.S. Colleges Offering the Best Value for 2025
These colleges put students on lucrative career paths and keep costs comparatively low, according to the Wall Street Journal/College Pulse rankings12 hours ago -
NBC News - Top stories
Woman survives falling and tumbling 150-feet at Washington state waterfall site
A woman sustained serious injuries this week after falling and tumbling more than 150 feet down an embankment at a Washington state waterfall popular with hikers, authorities said.9 hours ago -
The Hill - Politics
Advocacy groups sue Alabama over voter roll purge
A lawsuit brought forward by several advocacy groups alleges that four individuals in Alabama have been unfairly targeted by the state's voter roll purge ahead of the presidential election in ...14 hours ago -
The New York Times - Top stories
Why is Ye, Formerly Kanye West, Doing a Show in China?
The provocative artist once known as Kanye West has received approval that was denied to Maroon 5 and Bon Jovi. China’s economic woes might be why.9 hours ago
More from The Guardian
-
The Guardian - World
Trump ‘likelier winner’ unless Harris tackles two failings, says ex-ambassador
Kim Darroch says the Democratic nominee must focus on US swing states and avoid repeating Hillary Clinton’s errors. Donald Trump will remain the “likelier winner” of the US presidential election on ...8 hours ago - Donald Trump -
The Guardian - World
Middle East crisis live: Netanyahu says Israel will ‘exact heavy price’ for Houthi attack
Israeli prime minister speaks after Yemen’s Houthis claim responsibility for ballistic missile attack that reached central Israel for the first time. Continue reading...26 minutes ago - Israel -
The Guardian - World
South Africa school language law stirs Afrikaans learning debate
The DA party argues Afrikaans education will be harmed, while the ANC says law is necessary to redress inequality. A contentious South African education law has drawn furious condemnation from ...52 minutes ago -
The Guardian - World
‘Mission complete’: billionaire returns to Earth after spacewalk
Jared Isaacman and crew splash down in SpaceX capsule in the Gulf of Mexico after first ever private spacewalk. The civilian crew on SpaceX’s Polaris Dawn mission returned to Earth on Sunday after ...25 minutes ago -
The Guardian - World
Royal family wishes Prince Harry happy 40th birthday on social media
Family sends first such public birthday greeting to prince since 2021, with relations between them strained. The royal family has delivered a small peace offering in its rift with the Duke of ...2 hours ago - United Kingdom