Market news


TOP NEWS: Rightmove rejects ‘opportunistic’ REA takeover approach

Rightmove PLC and REA Group Ltd on Wednesday confirmed that Rightmove rejected a takeover proposal from REA that it said ‘wholly undervalued’ the company.

Milton...

Wed, 11/09/2024 - 09:32


LONDON BROKER RATINGS: 3i Infrastructure cut; JPMorgan likes Rotork

The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday:

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FTSE 100

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JPMorgan places Antofagasta on ’negative catalyst watch’

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JPMorgan cuts Antofagasta price target to...

Wed, 11/09/2024 - 09:28


IN BRIEF: Big Yellow sells surplus land in Battersea for £30 million

Big Yellow Group PLC - Surrey, England-based self-storage company - Completes sale of surplus land adjacent to its Battersea store in London for £30.9 million...

Wed, 11/09/2024 - 09:05


TOP NEWS: Rentokil sees profit hit from fresh North American woes

Rentokil Initial PLC on Wednesday warned slower growth in North America and the strong pound will dent full-year profit.

It’s the latest blow for the Crawley,...

Wed, 11/09/2024 - 09:03


LONDON MARKET OPEN: FTSE 100 posts modest gain as US inflation looms

Stocks in London made steady progress in early exchanges on Wednesday, although Rentokil slumped, ahead of key US inflation figures later.

The data is released...

Wed, 11/09/2024 - 09:00


TOP NEWS: Anglo American nets £308 million in platinum unit placing

Anglo American PLC said on Wednesday it has raised R 7.2 billion, around £308.0 million, after an accelerated bookbuild share offering of its subsidiary Anglo American...

Wed, 11/09/2024 - 08:56


New Labour group promises to support UK infrastructure building

A new Labour pressure group aiming to ‘take on the Nimbys’ in the UK is set to launch on Wednesday.

The Labour Infrastructure Forum said it...

Wed, 11/09/2024 - 08:52


Pan African Resources boosts annual profit 30% on strong gold price

Pan African Resources PLC on Wednesday reported robust profit for the 2024 financial year, crediting a ‘very favourable gold price’.

The Rosebank-headquartered gold producer said...

Wed, 11/09/2024 - 08:45


PRESS: REA starts talks with Rightmove over possible bid - Bloomberg

Australia’s REA Group Ltd has started preliminary takeover talks with Rightmove PLC, days after confirming its interest in the UK‘s biggest property portal by market...

Tue, 10/09/2024 - 22:02


IN BRIEF: Regional REIT loss widens though optimistic looking ahead

Regional REIT Ltd - commercial property investor - In six months to June 30 reports pretax loss of £27.1 million, widened from £12.1 million a...

Tue, 10/09/2024 - 22:02


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