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26 February 2021 | 07:28am StockMarketWire.com - Property portal Rightmove reported a 29% slump in revenue after the Covid-19 crisis prompted it to offer a discount to customers. Rightmove said revenue for 2020 was £205.7 million, down from £289.3 million the previous year. Operating profit was down 37% on 2019 at £135.1 million. The company provided a 75% discount to customers between April and July, and a further discount to agency customers in August and September of 60% and 40%, respectively. Rightmove said it recorded continued growth in traffic of 31%, with site visits of 2.1 billion...

26 February 2021 | 09:27am StockMarketWire.com - The FTSE 100 opened in the red after a US government bonds sell-off sparked fears interest rates could rise. The index was down 0.21% at 0845GMT to 6,638.00 points. The FTSE 250 recorded a fall of 0.52%% to 21,087.87 points. British Airways owner IAG swung to an annual loss as the pandemic-led slump in air travel triggered a sharp decline in revenue. For the year ended 31 December, the company swung to a pre-tax loss of €7.43 billion from a profit of €2.28 billion year-on-year as revenue slumped on 69.4% to €7.81 billion. Its shares rose ...