Top Financial Moves in UK: REA Group's Bold Bid and Pension Fund's Investment

The Financial Times highlights key financial stories including REA Group's £6.1 billion bid for Rightmove, Nest's £1bn investment in build-to-rent properties, Rachel Reeves rejecting austerity measures, and Fidelity with Abrdn joining a new trade body. Reuters has not verified the stories.

REA Group, majority-owned by Rupert Murdoch's News Corp, has launched a third bid for UK rival Rightmove, valuing the British property listings company at £6.1 billion.

The UK's state-backed pension scheme, Nest, has partnered with Legal & General and Dutch pension fund manager PGGM for a £1 billion investment in build-to-rent properties.

UK Chancellor Rachel Reeves will address claims of negative economic rhetoric at the Labour party conference, insisting there will be no return to austerity and promising an ambitious budget.

Fidelity and Abrdn have joined a new trade association to navigate regulatory scrutiny and oversee the £800 billion investment platform industry amidst potential changes to the Isa market.

(With inputs from agencies.)