Rightmove Plc Unsponsored ADR (RTMVY)
Rightmove lauded by broker as it outperforms expectations
Rightmove PLC's (LSE:RMV) strategic growth areas are outperforming expectations, with its mortgage and rental businesses delivering double-digit revenue growth. Berenberg sees these segments as key drivers of future performance and has increased its price target to 795p from 775p, maintaining a 'buy' rating.
Rightmove bumps up dividend as revenue growth seen accelerating
Rightmove PLC has strengthened its dividend after growing revenue and underlying profit last year and signalling further strength into 2025 on the likes of interest rate cuts. A 6.1p per share final dividend was unveiled in results on Friday, taking the full-year payout to 9.8p and up 5%.
Rightmove petition launched by estate agent could hit growth, warns analyst
A petition calling for the UK's competition watchdog to investigate pricing practices at Rightmove PLC (LSE:RMV) has set alarm bells ringing for analysts. Shaun Adams, the owner of independent agent Cooper Adams launched a petition calling for the Competition & Markets Authority to investigate pricing practices employed by the FTSE 100-listed property website.
Stamp Duty fears prompt record Boxing Day house listings, Rightmove data reveals
A record number of homes were listed for sale on Boxing Day, fuelled by falling mortgage rates and buyers eager to beat upcoming stamp duty changes, according to Rightmove data. The number of listings rose by 25% compared to the previous year, which itself was a record.
House prices fell than expected in November says Rightmove
Prices of houses put up for sale on its website fell by over £5,000 in November, according to online estate agent Rightmove PLC (LSE:RMV). A typical family house costs £366,592 down by £5,366 or 1.4% month-on-month.
Rightmove cautions on sluggish homes development growth
Property portal Rightmove PLC (LSE:RMV) has expressed cautious optimism about the property market's near-term prospects, but new homes development remains a stress point. Rightmove, in a trading update, said property transaction flow is improving, although the FTSE 100 constituent tightened its full-year membership growth forecast to 1% (from “up to” 2% previously) due to “a slower-than-expected recovery in new homes developments”.
Australia's REA rises after walking away from $8.3 bln takeover offer for UK's Rightmove
Shares of Australia's REA Group rose 4% on Tuesday, after the property listing firm decided to end its $8.29 billion takeover pursuit for Rightmove following a fourth bid rejection from the British real estate portal.
News Corp's REA gives up on pursuit of Rightmove after four rejections
After four rejections, Australia's REA on Monday finally gave up its pursuit of Britain's Rightmove.
'Disappointed' REA walks away from Rightmove bid
Rupert Murdoch's REA group has fired a bitter parting shot at the board of Rightmove PLC (LSE:RMV) after dropping its takeover approach following the rejection of a fourth offer for the online estate agent. In a statement, REA said the proposed combination would have provided Rightmove shareholders the opportunity to meaningfully participate in a fast-growing, diversified, global leader while "receiving value certainty in an operating environment challenged by increased market competition".
Rupert Murdoch's property group REA ends chase to buy Rightmove after multiple rejected offers
Rupert Murdoch's Australian property listing firm REA Group said Monday it would no longer seek to buy UK property portal Rightmove.
Australia's REA Group withdraws bid for British real estate portal Rightmove
Rupert Murdoch-owned Australian property listing firm REA Group said on Monday it is dropping its pursuit of real estate portal Rightmove after the UK company rejected its sweetened $8.29 billion fourth proposal earlier in the day.
Rightmove officially rejects fourth bid from Murdoch's REA
Rightmove PLC (LSE:RMV) has unanimously rejected a fourth takeover offer from Rupert Murdoch's REA Group. Its fellow property portal lodged the potential offer on Friday, which the Aussie company said had been rejected, leading it to plead/demand that the UK market leader must "engage now".
