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Rightmove plc
Type Public (LSE: RMV)
Founded 2000
Headquarters London, UK
Key people Scott Forbes (Chairman)
Edmund Williams (Managing Director)
Industry Internet & Real Estate
Revenue £74.0 million (2008)
Operating income £41.0 million (2008)
Net income £39.7 million (2008)
Website www.rightmove.co.uk

Rightmove plc (LSE: RMV) is a British-based online property search business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

The company

The Company was created in 2000 as a joint venture between four of the UK's largest property agents: Halifax, Countrywide plc, Royal & Sun Alliance, & Connells under the name Rightmove.co.uk Limited.[1] It was first listed on the London Stock Exchange in March 2006 at which time it became Rightmove plc.[2]

In 2007 it bought 67% of Holiday Lettings Limited[1]

In May 2008, HBOS, one of the founding investors, sold its stake in Rightmove.[3]

Operations

Rightmove makes money from listing estate agents on its website. Individuals selling property privately (i.e. directly without an agent) are prohibited from advertising on the site. Access is free for viewers, who are capable of both finding properties, subscribing to search results, as well as requesting further information and arranging viewings.

References

External links

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