Rightmove
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Marketing
Rightmove’s share price drops 10% on legal action news
The share price drop followed a £1.5billion legal action being filed against Rightmove, by Jeremy Newman, a former panel member of the Competition and Markets Authority.
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Regulation & Law
Agents could win £1.5bn payout from legal action against Rightmove
The action is brought by Jeremy Newman, and it alleges that Rightmove charged estate agents “excessive” and “unfair subscription fees”.
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Latest property news
London flat’s SOLD price drops £450k in seven years
The property in London's Canary Wharf has fallen victim to what appears to be part of a growing trend of price reductions on flats.
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Marketing
Rightmove avoids FTSE 100 blow despite share falls
The portal was listed among companies expected to drop out of the top 100 firms on the London Stock Exchange, but avoided the final cut.
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Marketing
Rightmove revenue up 9% as agent spending rises
CEO Johan Svanstrom reports portal's income has risen as estate agents spend more on package upgrades and add-on products.
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Housing Market
Fall throughs ‘cost agents nearly £400 million’
Collapsing property chains led to agents in England losing £392 million in fees last year, according to Rightmove.
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Marketing
Rightmove set to drop out of FTSE 100
The portal could fall out of the top 100 of UK firms listed on the London Stock Exchange next week, as its share price continues to sink.
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Marketing
“They will be studied like Blockbuster Video” – agents predict Rightmove demise
Independent agents would like to see the portal's dominance and hold over the market wane, as its share price plunges.
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Marketing
Rightmove shares hit five-year low amid anger over fee hikes
The portal's share price reached a high last year before nosediving after it revealed it planned to spend £60 million on AI development.
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Marketing
Rightmove makes NatWest exclusive mortgage partner
The portal signs a deal with the banking giant that means homebuyers will be able to apply for a home loan and receive an instant decision.
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