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Market shocks that used to erupt once a decade are now happening every month because technology, the dominance of big firms and tighter liquidity are increasing volatility, the City regulator was warned. Nikhil Rathi, head of the Financial Conduct Authority,…
Rightmove’s directors have rejected an improved takeover offer from an Australian rival valuing the property portal at £6 billion. The FTSE 100 company said the offer from Rea Group valued its shares at 759p each and said that the deal…