Mike Ralston, CEO of Blencowe Resources (BRES) and Manuel Pablo Zúñiga-Pflücker, President and CEO of PetroTal (PTAL) will be presenting and taking live Q&A at focusIR's Investor Webinar on Tuesday 25th February. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Don't want ads? Click here
Sponsored Content
Don't want ads? Click here

Pin to quick picksRightmove Share News (RMV)

Share Price Information for Rightmove (RMV)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 668.60
Bid: 668.60
Ask: 669.20
Change: 0.00 (0.00%)
Spread: 0.60 (0.09%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 668.60
RMV Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Timelines are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TOP NEWS: Rightmove confident amid positive house price growth

Fri, 08th Nov 2024 08:11

(Alliance News) - Rightmove PLC on Friday posted an optimistic outlook with revenue set to rise this year despite a moderation in growth of rental prices.

The Milton Keynes, England-based online property portal said it anticipates revenue of about GBP390 million for 2024, up 7.1% from GBP364.3 million in 2023, meeting its previous guidance of 7% to 9% growth.

Rightmove reiterated guidance of an adjusted underlying operating margin for 2024 of 70%. For 2023, it had reported an underlying operating profit margin of 73%.

"House price growth remains positive, albeit subdued, and mortgage rates are stable with a favourable outlook for further potential bank rate cuts. Property transaction flow is improving, supporting business growth for our Estate Agency partners. Rental price growth continues to moderate with an average enquiries per available property of 15," the company said.

The company expects a modest acceleration in revenue growth in 2025 due to the full-year impact of its Optimiser Edge uptake and product-led growth across its Core business. Optimiser Edge is a membership package for estate agents that Rightmove introduced in 2024.

Chief Executive Officer Johan Svanstrom said: "This has been another period of strong progress for Rightmove, and it's pleasing to see our product development and sales delivery generating increased uptake from consumers and partners. As a result, we remain confident in achieving meaningful strategic and financial growth in 2024.

"We see continued momentum building product depth across our platform - driving revenue growth in the core business and within our strategic growth areas."

Rightmove shares opened 0.2% higher at 597.80 pence each on Friday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
6 Aug 2024 12:01

LONDON MARKET MIDDAY: Markets stage recovery after Monday's sell-off

(Alliance News) - Stock prices in London edged higher at midday Tuesday, with eyes on how stocks in New York will perform later in the day.

Read more
6 Aug 2024 09:31

Rightmove parts ways with OpenRent, reiterates FY guidance

(Sharecast News) - Online real estate portal operator Rightmove parted way with lettings platform OpenRent on Tuesday but assured investors that its FY24 trading performance would not be affected.

Read more
6 Aug 2024 09:23

TOP NEWS: Rightmove down as fails to agree renewal terms with OpenRent

(Alliance News) - Rightmove PLC on Tuesday said market conditions in the lettings market remain "fluid", as it disclosed its contract with OpenRent will not be renewed.

Read more
6 Aug 2024 08:59

LONDON MARKET OPEN: London stages recovery after global sell-off

(Alliance News) - Stock prices in London opened higher on Tuesday, as markets recovered slightly from Monday's global sell-off.

Read more
6 Aug 2024 07:48

LONDON BRIEFING: Markets calm after global sell-off

(Alliance News) - London is expected to stage a slight recovery on Tuesday, after Monday's global sell-off.

Read more
29 Jul 2024 09:39

LONDON BROKER RATINGS: Citigroup lifts BAE; Morgan Stanley cuts Drax

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

Read more
26 Jul 2024 14:35

London close: Stocks finish higher as US inflation slows

(Sharecast News) - London stocks ended the week on a positive note on Friday, with NatWest a standout performer, as investors digested a dip in inflation from across the pond.

Read more
26 Jul 2024 12:06

LONDON MARKET MIDDAY: NatWest prospers and stocks advance ahead of PCE

(Alliance News) - European stocks climbed, with London's FTSE 100 on track for a winning week, despite a volatile week in financial markets.

Read more
26 Jul 2024 09:15

TOP NEWS: Rightmove hails "position of strength" as interim profit up

(Alliance News) - Rightmove PLC shares on Friday reported higher revenue and profit, and increased its interim dividend.

Read more
26 Jul 2024 09:03

Rightmove H1 revenue grows on continued demand for products

(Sharecast News) - Online real estate portal operator Rightmove said on Friday that both revenue and operating profits had grown in the six months ended 30 June, driven by continued demand from agents and new home developers.

Read more
12 Jul 2024 16:54

LONDON MARKET CLOSE: Fed cut optimism sends stocks higher

(Alliance News) - US interest rate optimism supported equities in Europe on Friday, with a hotter-than-expected producer price index reading and some poorly-received US banking earnings doing little to deter investor enthusiasm.

Read more
17 Jun 2024 16:56

LONDON MARKET CLOSE: Stocks mixed ahead of UK inflation, BoE decision

(Alliance News) - Stock prices in London closed mixed on Monday, as investors eye a big week for the UK amid inflation data and interest rate decisions.

Read more
13 Jun 2024 16:34

UK housebuilders bemoan lack of new election housing pledges

June 13 (Reuters) - Britain's housebuilders are disappointed with what they see as a lack of radical measures to tackle the country's housing shortage in the election manifestoes of both major parties, industry executives said on Thursday.

Read more
13 Jun 2024 09:37

LONDON BROKER RATINGS: Jefferies raises Great Portland to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
29 May 2024 17:54

IN BRIEF: M&S taps Rightmove's Dolan as next finance chief

Marks & Spencer Group PLC- London-based retailer - Says Alison Dolan will be its new chief financial officer. Interim CFO Jeremy Townsend will remain with the group until May 2025, as originally planned. An exact start date for Dolan will be announced "in due course". Dolan is the current CFO of Rightmove PLC, the London-based owner of the eponymous online property portal. Before working at Rightmove, she was CFO at News UK.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.