The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024.Bloomberg | Bloomberg | Getty ImagesBritish real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The board considered the increased proposal… and concluded that the increased proposal continues to be unattractive and materially undervalues the company and its future prospects,” Rightmove said in a statement.The most recent proposal from REA Group, which is 62% owned by Rupert Murdoch’s News Corp, consists of 341…
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DALLAS, Sept. 24, 2024 /PRNewswire/ — New Frontier Markets (“NFM”), a climate technology firm dedicated to enhancing transparency and efficiency in the voluntary carbon offset market, today announced it has partnered with OPIS, a Dow Jones Company and a leading source for energy and commodity pricing information, to deliver transparent carbon market price indications directly to buyers and project developers on NFM’s marketplace. The partnership is focused on engineered carbon credits, such as carbon capture, utilization and sequestration (“CCUS”), direct air capture, methane abatement, among other measurable engineered projects. NFM recently launched its voluntary carbon marketplace, accessible at https://nfm.exchange/, to…
CFRA Research senior equity analyst Angelo Zino joins Market Domination to break down the best Big Tech plays for investors.Intel (INTC) unveiled a new pair of AI chips on Tuesday as it seeks to improve its data center business and compete with players like Nvidia (NVDA) and Advanced Micro Devices (AMD). Zino tells Yahoo Finance, “Intel will continue to roll out new capabilities, new chip sets, out there in the foreseeable future. But that said, I don’t think it necessarily changes anything as far as the Intel story is concerned. That’s the fact that this is a company that continues…
Ayesha Ofori, founder and CEO of Propelle.PropelleAyesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain’s gender wealth gap, after realizing she had spent her career making rich men even richer.Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. The app-based platform offers various investment options like funds from Vanguard, Blackrock and HSBC.Propelle has raised over £1.2 million (around $1.6 million) in pre-seed funding and is backed by Google, which invested $100,000 into the platform, Ofori told CNBC Make It in an interview. Other investors…
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Image source: Getty Images I think real estate investment trusts (REITs) are a great way to earn a second income from the UK housing market. For those of us who can’t afford to buy a slew of properties, REITs provide exposure to the market at a minimal cost. REITs attract income by owning and leasing properties across various sectors, including residential, commercial and industrial. A few good examples include Land Securities Group, Unite Group and Primary Health Properties. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The…
(Bloomberg) — Gold rose to a record high after jumping more than 1% in the previous session, as weak US data bolstered the case for deeper rate cuts. Silver was near the highest in four months.Most Read from BloombergPrices of gold gained as much as 0.3% to above $2,665 an ounce, eclipsing its previous all-time high posted on Tuesday following a report showing US consumer confidence this month fell the most in three years. Silver surged 4.6% on Tuesday in its biggest daily gain in four months.Swaps traders increased bets for more than three-quarters of a point of easing by…
On Wednesday, Baird made a notable adjustment to the price target for Foot Locker (NYSE: NYSE:), reducing it from $35.00 to $27.00, while maintaining a Neutral stance on the stock. This decision reflects heightened concerns over the retailer’s short-term prospects despite a recent uptick in its share price. The stock of Foot Locker has seen a 9% increase since early July, outperforming the S&P 1500’s 5% gain during the same period. This rise is partly due to investor confidence in the company’s ability to improve sales at full price, as evidenced by a 10% reduction in inventory year-over-year in the…
Image source: Getty Images After a difficult few years coming out of the Covid-19 pandemic, the Chinese economy’s starting to show some signs of life. And I think that could be a very positive sign for a couple of UK shares. One is FTSE 100 mining giant Rio Tinto (LSE:RIO) and the other is beleaguered fashion house Burberry (LSE:BRBY). I think it could be worth keeping an eye on both in October. China China’s been struggling economically over the last few years, for a number of reasons. These include high debt levels, tough Covid-19 lockdowns, and strained relations with the…