UK business growth slows as budget uncertainty hits investment plans; German recession ‘baked in’ – business live

Fiscal policy uncertainty ahead of the Autumn Budget is biggest fear for companies, survey finds, while Germany’s malaise continues

Newsflash: Rightmove has said it will “carefully consider” the new, inproved, takeover offer from REA Group, and respond “in due course”.

In a statement to the City, Rightmove confirms it has received a third proposal from REA, which it dubs “unsolicited, non-binding and highly conditional”.

“Rightmove is an exceptional company with a very clear strategy, a consistent track record of delivery and a strong management team. The Board is confident in the Company’s short and long term prospects, and sees a long runway for continued shareholder value creation.

“Based on the implied value and structure of REA’s first and second indicative non-binding proposals, we considered these proposals to be uncertain, highly opportunistic and unattractive. Accordingly, the Board unanimously rejected them.

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