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Pin to quick picksRightmove Share News (RMV)

Share Price Information for Rightmove (RMV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 771.20
Bid: 769.80
Ask: 770.20
Change: -0.60 (-0.08%)
Spread: 0.40 (0.052%)
Open: 770.00
High: 774.00
Low: 767.40
Prev. Close: 771.80
RMV Live PriceLast checked at -

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FTSE 100 hits one-month low, precious miners biggest drag

Tue, 16th Jan 2024 17:17

FTSE 100 down 0.5%, FTSE 250 flat

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UK wage growth slows in Sept-Nov period

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Rightmove down on JP Morgan downgrade

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Experian top gainer on FTSE 100

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Superdry hits record low on report PwC hired to explore debt options

Jan 16 (Reuters) - London's blue-chip FTSE 100 index closed lower on Tuesday, hitting a one-month low, weighed down by a sell-off in precious metal mining shares, while hawkish remarks from central bankers outweighed support from better-than-expected UK wages data.

The FTSE 100 dropped 0.5%, while the domestically focussed FTSE 250 index was flat.

Precious metal miners led sectoral declines with a 2.6% fall, as gold prices dipped on a stronger dollar and rise in U.S. Treasury yields amid uncertainty around early interest rate cuts.

Global investors have scaled back expectations of aggressive monetary policy easing following better-than-expected economic data, particularly out of the United States.

"The rate cut conundrum continues to leave investors scratching their heads, wondering when central banks are going to stop backpedalling after giving hints about cuts," said Danni Hewson, head of financial analysis at AJ Bell.

European Central Bank officials also warned on Monday it was too early to discuss rate cuts.

That countered optimism from data that showed British wages grew at the slowest pace in almost a year, adding to signs of a gradual cooling of inflationary pressure in the labour market.

Among individual stocks, shares in Superdry tumbled 11.6%, hitting a record low, on a report that the fashion retailer has hired PwC to examine further debt-raising options.

Experian gained 2.4% after the credit data firm posted a 9% rise in its third-quarter revenue, powered by strong demand for its new products and business wins.

UK's largest property portal Rightmove Plc dropped 3.9% after JP Morgan downgraded the stock to "underweight".

AstraZeneca shares lost 1.9%, after UBS initiated coverage on the drugmaker stock with "sell", flagging concerns about its exposure to U.S. Medicare Part D reform that may result in price pressures and sales growth decrease.

The broader pharma and biotech index was down 1.2%.

Supporting the mid-cap index, Qinetiq gained 4.5% after the defence group launched a 100 million-pound ($126.54 million) share buyback programme. ($1 = 0.7903 pound) (Reporting by Sruthi Shankar, Khushi Singh in Bengaluru; Editing by Varun H K, Sherry Jacob-Phillips and Jonathan Oatis)

More News
1 Feb 2024 11:12

Rightmove buys build-to-rent focused reviews site HomeViews Platform

(Alliance News) - Rightmove PLC on Thursday announced the acquisition of HomeViews Platform Ltd, with HomeViews Chief Executive Officer Rory Cramer set to remain at the helm.

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1 Feb 2024 10:54

Rightmove to buy HomeViews for £8m in cash

(Sharecast News) - Property portal Rightmove said on Thursday that it has agreed to buy HomeViews for £8m in cash.

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26 Jan 2024 09:07

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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19 Jan 2024 09:28

LONDON BROKER RATINGS: BofA cuts Pearson, raises Just Eat Takeaway

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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17 Jan 2024 09:10

LONDON BROKER RATINGS: UBS cuts Shell, Admiral and M&G to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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16 Jan 2024 16:56

LONDON MARKET CLOSE: European shares fall as Fed rate cut bets ebb

(Alliance News) - Stock prices in London closed lower on Tuesday, as investors dialled back their Federal Reserve interest rate cut expectations, with eyes also on Wednesday's UK inflation data.

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16 Jan 2024 16:17

London close: Stocks finish lower as wage growth eases

(Sharecast News) - London's stock markets finished in the red on Tuesday, as investors assessed the latest UK jobs data.

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16 Jan 2024 11:58

LONDON MARKET MIDDAY: FTSE 100 falls despite cooler UK wage growth

(Alliance News) - The FTSE 100 in London was down at midday Tuesday, as investors nervously eye Wednesday's UK inflation data and what it will mean for interest rates.

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16 Jan 2024 09:54

Rightmove slumps on JPMorgan downgrade

(Sharecast News) - JPMorgan Cazenove downgraded Rightmove on Tuesday to 'underweight' from 'neutral' and cut the price target to 493p from 585p as it pointed to higher R&D and opex spend.

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16 Jan 2024 09:14

LONDON BROKER RATINGS: UBS raises GSK and cuts AstraZeneca

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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16 Jan 2024 08:48

LONDON MARKET OPEN: FTSE 100 in red; UK wage growth cools

(Alliance News) - The FTSE 100 in London opened lower on Tuesday, after data showed that wage growth in the UK slowed in the three months to November.

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12 Jan 2024 08:47

LONDON MARKET OPEN: Stocks rally after UK GDP print; Burberry tumbles

(Alliance News) - Stock prices in London climbed at Friday's market open, with a stronger-than-expected UK economic growth print providing cheer, despite rising tensions in the Middle East and Thursday's hot US inflation data.

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17 Dec 2023 12:43

Sunday share tips: Rightmove and Chapel Down

(Sharecast News) - The Times' tipster Lucy Tobin recommends investors take a look at housing marketplace Rightmove, playing down fears of competition after US group CoStar took over rival OnTheMarket.com in October.

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13 Dec 2023 17:03

LONDON MARKET CLOSE: European stocks toil ahead of Fed decision

(Alliance News) - Stock prices in Europe closed mixed on Wednesday, with a confident start giving way to more cautious trade ahead of the first of a trio of central bank decisions later.

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