Rightmove

From Wikipedia, the free encyclopedia - View original article

Rightmove plc
Public
Traded asLSERMV
IndustryInternet & Real Estate
Founded2000
HeadquartersLondon, UK
Key people
Scott Forbes (Chairman)
Edmund Williams (Managing Director)
Miles Shipside (Commercial Director)
Revenue£139.9 million (2013)[1]
£97.0 million (2013)[1]
£74.3 million (2013)[1]
Websitewww.rightmove.co.uk
 
Jump to: navigation, search
Rightmove plc
Public
Traded asLSERMV
IndustryInternet & Real Estate
Founded2000
HeadquartersLondon, UK
Key people
Scott Forbes (Chairman)
Edmund Williams (Managing Director)
Miles Shipside (Commercial Director)
Revenue£139.9 million (2013)[1]
£97.0 million (2013)[1]
£74.3 million (2013)[1]
Websitewww.rightmove.co.uk

Rightmove plc is a UK-based company that runs www.rightmove.co.uk, an online real estate portal. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The company[edit]

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.[2] It was first listed on the London Stock Exchange on 15 March 2006 at which time it became Rightmove plc.[3]

In 2007 it bought 67% of Holiday Lettings Limited.[2]

In May 2008, HBOS, one of the founding investors, sold its stake in Rightmove.[4]

Operation[edit]

Rightmove makes money from listing estate agents on its website and offering additional advertising products to those agents. The ads are visible to users who search for the area chosen by the estate agent. Individuals selling property privately (i.e. directly without an agent) are prohibited from advertising on the site. Each month, Rightmove release a House Price Index, illustrating any changes in the asking prices of houses throughout England and Wales.[5]

References[edit]

  1. ^ a b c Preliminary Results 2013
  2. ^ a b Rightmove: History
  3. ^ The Financial Times (10 March 2006). "Pricing of IPO values Company at £425m". Retrieved 4 May 2009. 
  4. ^ The Independent (17 May 2008). "HBOS sells stake in Rightmove". Retrieved 17 May 2008. 
  5. ^ House price index

External links[edit]