Rightmove’s shares fall amid market fears

Rightmove has become the biggest faller on the FTSE 100 amid fears over the UK’s property market.

Revenues at the property portal grew 10% for the six months ended June 30, rising from £119.5 million to £131.1 million year-on-year, and operating profit was up 12% to £98.2 million.

However, analysts cautioned that with estate agents under pressure, Rightmove’s future growth prospects might be limited.

Read the full story at the Belfast Telegraph.

You may also like...