RMV.L - Rightmove plc

LSE - LSE Delayed Price. Currency in GBp
564.20
+1.20 (+0.21%)
As of 8:28AM BST. Market open.
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Previous close563.00
Open559.60
Bid563.80 x 0
Ask564.20 x 0
Day's range559.60 - 568.46
52-week range373.10 - 710.60
Volume137,782
Avg. volume3,345,967
Market cap4.926B
Beta (5Y monthly)0.70
PE ratio (TTM)28.93
EPS (TTM)19.50
Earnings date07 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date30 Apr 2020
1y target est466.31
  • Rightmove sees revenue hit, but signals housing market recovery
    Reuters

    Rightmove sees revenue hit, but signals housing market recovery

    The company, which pointed to more signs of a recovery in the housing market, said sales agreed are currently over 10% higher in England than last year, helped by new property listings returning to the market. The London-based company plans to bring all employees back from furlough by July 31, and added that it does not expect to issue commercial paper under the government's coronavirus aid scheme. Rightmove, however, said it was unable to provide any forecast on future profitability.

  • English property sales rebound after lockdown ends - Rightmove
    Reuters

    English property sales rebound after lockdown ends - Rightmove

    Estate agents in England have seen a rebound in house sales since the government eased coronavirus lockdown restrictions on May 13, property website Rightmove said on Monday. Rightmove said sales during the lockdown fell by 94%. "There are signs of high pent-up demand and upwards price pressure, rather than downwards," Rightmove director Miles Shipside said.

  • UK property firm Rightmove sees record website views as market picks up
    Reuters

    UK property firm Rightmove sees record website views as market picks up

    British biggest property website, Rightmove, said it had its busiest day on record this week, suggesting the housing market is picking up after the government eased its coronavirus lockdown for the sector in England. Rightmove said its site had more than 6 million visits for the first time on May 27, up an annual 18%. "The challenge agents are facing is handling this surge in enquiries, having a process to deliver virtual viewings, and setting up socially distanced and safe physical viewings," Rightmove's commercial director, Miles Shipside, said.

  • UK property website Rightmove sees signs of life as lockdown eases
    Reuters

    UK property website Rightmove sees signs of life as lockdown eases

    British property website Rightmove said visits to its site rose 45% on Wednesday morning compared with a day earlier after the government moved to reopen the housing market which it had effectively closed as part of the coronavirus lockdown. Email enquiries to agents rose by 70% and new listings also increased with 2,115 new properties added in five hours, Rightmove said.

  • UK shopping trips plummet and housing market freezes after lockdown
    Reuters

    UK shopping trips plummet and housing market freezes after lockdown

    The number of British people leaving their homes to go shopping has slumped by 83% since the government closed non-essential retail outlets last month to slow the spread of COVID-19, the British Retail Consortium trade body said on Monday. Separately, property website Rightmove said it was unable to provide meaningful house price data due to a collapse in the number of new homes being listed for sale.

  • Reuters

    Property website Rightmove warns of revenue hit from coronavirus impact

    Rightmove said it was discounting customers' invoices by 75% for the next four months, leading to a hit of 65 million pounds-75 million pounds to its revenue this year. The impact from the coronavirus comes just as the British housing market, which had been subdued for the past four years due to Brexit-related uncertainty, was beginning to show signs of recovery. "A spike in the number of property transactions falling through has clearly got Rightmove worried and it's taken the decision to sacrifice profits in the short term to help customers keep their heads above water," Hargreaves Lansdown analyst Nicholas Hyett said.

  • UK households' confidence in finances hits record high in February - IHS Markit
    Reuters

    UK households' confidence in finances hits record high in February - IHS Markit

    A gauge of how Britons feel about their household finances hit its highest level on record this month, the latest sign of a confidence bounce since Prime Minister Boris Johnson's decisive election win in December. The IHS Markit Household Finance Index jumped to 47.6 in February from 44.6 in January, the highest index reading since the survey began 11 years ago. "Our latest Household Finance report signals a number of developments that should keep the Bank of England doves at bay and build optimism towards the UK's immediate economic prospects," Joe Hayes, an economist at IHS Markit, said.

  • UK property asking prices rise again, close to new high - Rightmove
    Reuters

    UK property asking prices rise again, close to new high - Rightmove

    Asking prices for British houses put on sale have extended a rise which began after Prime Minister Boris Johnson's election victory in December, property website Rightmove said on Monday. Rightmove said average asking prices of property marketed between Jan. 12 and Feb. 8 rose by a monthly 0.8%, slower than a 2.3% jump in the previous Rightmove report but enough to take prices close to their all-time high. "It's the first time for over a year that we have seen any sign of a return of seller confidence, albeit lagging behind the surge in numbers of early-bird buyers," Miles Shipside, Rightmove director, said.

  • UK confidence signs grow as Bank of England nears rate decision
    Reuters

    UK confidence signs grow as Bank of England nears rate decision

    British households grew more confident about their finances and a measure of house prices rose by a record amount for January, according to surveys which added to other signs of a brightening mood in the economy since last month's election. Ten days before the Bank of England decides whether to cut interest rates, the surveys published on Monday suggested that some of the uncertainty that has weighed on the economy has lifted after Prime Minister Boris Johnson's big election win. IHS Markit, a data firm, said its Household Finance Index rose to a one-year high of 44.6 in January from 43.2 in December, chiming with other sentiment surveys from both businesses and consumers that have shown an increase in optimism.

  • GBP/USD – Pound Losing Grip on 1.30
    FX Empire

    GBP/USD – Pound Losing Grip on 1.30

    British numbers were dismal last week. On Friday, retail sales declined by 0.6%. The pound is showing signs of weakness, as it has slipped below the symbolic 1.30 level. Is cable headed for further losses?

  • UK property asking prices jump by record 2.3% month-on-month at turn of year - Rightmove
    Reuters

    UK property asking prices jump by record 2.3% month-on-month at turn of year - Rightmove

    Asking prices for British houses put on sale in the five weeks to Jan. 11 rose by a record amount for the time of year, property website Rightmove said on Monday, adding to signs of a post-election bounce in consumer and business confidence. Britain's Royal Institution of Chartered Surveyors and major mortgage lender Halifax have both reported stronger-than-expected housing market activity since Prime Minister Boris Johnson's election victory on Dec. 12. Business surveys from Deloitte and IHS Markit have also perked up, as the election result ensures there will be a smooth departure from the European Union on Jan. 31 and no industry renationalisation by the opposition Labour Party.

  • UK house prices rise at fastest rate on record
    The Guardian

    UK house prices rise at fastest rate on record

    UK house prices rise at fastest rate on record2019 general election result provided period of ‘stability’ following Brexit uncertainty

  • UK property website Rightmove reports post-election bounce
    Reuters

    UK property website Rightmove reports post-election bounce

    The number of British people looking to move house jumped sharply in the four days that followed last week's election, during what is normally a quiet time of year for the housing market, property website Rightmove said on Thursday. Rightmove, whose asking price data is used as an early guide to house price trends, said demand from prospective buyers between Dec. 13 and Dec. 16 was 28% higher than over the equivalent period in 2018. "We often see a spike following an election, but it's more surprising this year given the seasonal slowdown," Rightmove's commercial director, Miles Shipside, said.

  • Asking prices for UK houses post smallest December drop since 2006 - Rightmove
    Reuters

    Asking prices for UK houses post smallest December drop since 2006 - Rightmove

    Asking prices for British houses fell this month by the smallest amount for any December since 2006, a survey showed on Monday, pointing to some upside for a housing market subdued by Brexit and election uncertainty. Rightmove said asking prices, which are not seasonally adjusted, fell by 0.9% on a monthly basis after a bigger-than-normal 1.3% drop in November. The figures follow British Prime Minister Boris Johnson's landslide victory in a national election last week in which he won a majority in parliament that surpassed the expectations of most analysts and investors.

  • UK's most-viewed home: a footballer's pad or stately house?
    The Guardian

    UK's most-viewed home: a footballer's pad or stately house?

    UK's most-viewed home: a footballer's pad or stately house?Rightmove’s annual top-five properties include a Downton Abbey-like castle and a star striker’s Towie pile

  • Reuters

    Rightmove taps ex-Shazam boss Andrew Fisher as its new chairman

    Fisher was executive chairman of the Shazam, UK-based app that lets users identify songs by pointing a smart phone at the audio source, when Apple Inc <AAPL.O> reached a deal to buy it in 2017. Fisher, who is also on the board of Rightmove rival Moneysupermarket.com Group <MONY.L>, will join Rightmove in January as Forbes is set to retire from the board at the end of 2019.

  • Investing.com

    Premarket London: Playtech Warning; LandSec Hires St Modwen CEO

    Investing.com -- Here is a summary of regulatory releases from the London Stock Exchange on Friday, 22nd November. Please refresh for updates.

  • Fall in UK house prices as election keeps homes off the market
    The Guardian

    Fall in UK house prices as election keeps homes off the market

    Fall in UK house prices as election keeps homes off the market. Number of properties for sale dropped 15% in November – the fastest rate since 2009

  • Double-whammy of Brexit and election hits UK housing market - survey
    Reuters

    Double-whammy of Brexit and election hits UK housing market - survey

    The number of properties put up for sale in Britain has fallen by the most in any month in more than 10 years as the combination of Brexit and an election weighs on the market, a survey showed on Monday. There were 14.9% fewer properties put on sale in the four weeks to Nov. 9 than in the same period last year, property website Rightmove said. "I've seen lots of unusual events affecting the property market in my 40-year career, but a Brexit deadline followed by a snap general election six weeks later is obviously a new combination," Miles Shipside, Rightmove director, said.

  • Investing.com

    Premarket London: Greggs Raises Profit Guidance; Rightmove Loses CFO

    Investing.com -- Here is a summary of regulatory news releases from the London Stock Exchange on Monday, 11th November. Please refresh for updates.

  • UK property asking prices show weakest October rise since 2008 - Rightmove
    Reuters

    UK property asking prices show weakest October rise since 2008 - Rightmove

    Asking prices for British houses put on sale in October showed the smallest seasonal increase since the financial crisis, as all but the most determined sellers waited for greater certainty over Brexit, industry figures showed on Monday. Rightmove said that the average asking price for homes sold via its website was 0.6% higher in October than in September, well below the average 1.6% rise seen for the time of year and the smallest increase since October 2008. Average asking prices in October were 0.2% lower than in October 2018, compared with an annual rise of 0.2% in September.

  • Brexit jitters cause rare September fall in UK house prices - Rightmove
    Reuters

    Brexit jitters cause rare September fall in UK house prices - Rightmove

    Asking prices for houses in Britain have suffered their first September fall in nine years as worries about Brexit caused buyers to hesitate and sellers to keep properties off the market, property website Rightmove said on Monday. Rightmove director Miles Shipside pointed to uncertainty about Brexit with Britain due to leave the European Union on Oct. 31 and Prime Minister Boris Johnson saying he is prepared for a no-deal Brexit if needed.

  • Brexit uncertainty triggers first September fall in house prices since 2010
    The Guardian

    Brexit uncertainty triggers first September fall in house prices since 2010

    Rightmove said the number of properties coming to market was also down by 7.8% this month, compared with the same period a year ago. Photograph: Andrew Matthews/PAHouse prices have fallen in September for the first time since 2010 as Brexit uncertainty continues to cast a long shadow over the UK housing market, according to the estate agent Rightmove.The UK’s biggest property website said the traditional “autumn bounce” in the market was simply not happening this year. Instead, the average price of newly listed homes fell by 0.2%, or £730, compared with August.September is usually the start of an upturn in housing market activity, with price rises recorded every year for the past eight years. However, this year there is growing evidence that sellers are waiting to see how Brexit plays out before deciding whether to move.Rightmove said the number of properties coming to market was down by 7.8% this month compared with the same period a year ago. The number of sales agreed is down 5.5% in all regions.“In August, we reported a pre-Brexit buying spree with the number of sales agreed up by over 6% compared [with] the prior year, as buyers and sellers decided to get deals secured well before the next Brexit deadline,” Miles Shipside, Rightmove director and housing market analyst, said. “But a month later, as the deadline gets closer and tensions heighten, there has been a big swing the other way with sales agreed numbers now over 5% below those of a year ago.”He said the political uncertainty was particularly affecting London, where the number of new properties coming on to the market was 20% down on last year.While Brexit uncertainty is holding the market back now, it has been predicted that prices could crash if the UK departs Europe without a deal. Last Monday, the accountancy firm KPMG warned that UK house prices could fall by as much as 20% if Boris Johnson pursues a no-deal Brexit. The biggest falls would be in London and Northern Ireland, it said.A no-deal exit could trigger a nationwide decline of about 6% in 2020, and a drop of between 10% and 20% was “not out of the question” if the market reacted more strongly than expected, KPMG predicted.

  • UK house sales stronger than normal in August - Rightmove
    Reuters

    UK house sales stronger than normal in August - Rightmove

    August, normally a quiet month for Britain's property market, has seen a surge in sales, possibly due to buyers seeking to conclude transactions before the country leaves the European Union on Oct. 31, property website Rightmove said on Monday. Rightmove said sales in the August period, which cover the four weeks to Aug. 10, were 6.1% higher than a year earlier and their strongest for the month since 2015, bucking a generally sluggish trend since June 2016's referendum on leaving the European Union. "While the end of October Brexit outcome remains uncertain, more buyers are now going for the certainty of doing a deal, with some having perhaps hesitated earlier in the year," Rightmove director Miles Shipside said.

  • UK house asking prices slip for first time in 2019 - Rightmove
    Reuters

    UK house asking prices slip for first time in 2019 - Rightmove

    Asking prices for British homes fell this month for the first time this year as buyers' confidence took a hit from the escalating uncertainty around Brexit, property website Rightmove said on Monday. The average asking price for residential property advertised on Rightmove fell by 0.2% in July after a 0.3% rise in June. Compared with a year ago, prices were down 0.2%, Rightmove said.