Rolling coverage of the latest economic and financial news, as Australia’s REA Group sweetens its bid for Rightmove again

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

When bidding for property, it’s important not to take no for an answer. Australia’s REA Group is taking this advice seriously, and has just launched its third offer to buy UK housing portal Rightmove.

“We believe that the combination of our world-leading expertise and technology with the attractive Rightmove business will create an enhanced experience for agents, buyers and sellers of property.

We live in a world of intensifying competition and this proposed transaction would bring together two highly complementary digital property businesses for investment and growth.