Australia's Rent.com.au hits 1-1/2-month high on partnership with Origin Energy

Rent.com.au

12/07/2022 03:46

** Property rental website Rent.com.au  RNT.AX  rises as
much as 13.2% to A$0.043, hitting its highest level since May 30
    ** RNT signs a deal with electricity giant Origin Energy
 ORG.AX  to offer electricity and gas services to Rent.com.au
customers  urn:newsml:reuters.com:*:nFWN2YS420
    ** Stock posts its biggest intraday percentage gain since
July 6
    ** Co says will integrate Origin's electricity and gas
services into its existing RentConnect product and offer
customers a 'Bill Smoothing' product through its RentPay service
    ** Says contract is for an initial term of 24 months, after
which Origin has the option to extend it for another 12 months
    ** RNT down 40.6% YTD, as of last close 
    


 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))