Shares in beleaguered Countrywide shot up almost 21% in price yesterday.
Rising from a very low base, the shares nevertheless put on nearly 10p during the day, to end at 56.5p.
The price was almost identical to that of Foxtons, whose shares yesterday ended 1.42% down over the day to a record low of 55.7p.
Countrywide recently announced a profits warning and said that it needs to halve its £200m debt owed to six banks.
This morning’s Daily Telegraph says in its market report column that yesterday’s sharp rise in Countrywide’s share price “was underpinned by swirling merger talk following reports over the weekend linking the struggling estate agency with a tie-up with online rival Emoov”.
OnTheMarket shares yesterday headed 4% downwards, finishing at 156p, despite its upbeat announcement this week that it is now listing over 50% of available properties.
Purplebricks shares ended almost unchanged at 317p, after announcing a doubling of global revenue but a quadrupling of losses – although in the UK it said it made EBITDA of £8.1m.
Rightmove continues to trade at near-record highs, yesterday finishing at £52.24, valuing the company at over £4.7bn.