Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

Tuesday, 9 January 2007, 11:44 GMT

Rightmove's shares surge on sales

Rightmove website Shares in property website Rightmove have surged more than 10% after it said that encouraging estate agents to use its services boosted annual earnings.

The firm said that sales rose by 85% to £33.6m in 2006, and it expects annual profits of between £17m and £17.4m.

In England and Wales, 83% of agents were listing properties on its website by the end of 2006, Rightmove said.

Rightmove - which floated on the stock market in March last year - also has set up a letting firm.

Following the announcement, shares in Rightmove were trading 39.75 pence, or 10.2%, higher at 430p.

Last year, Rightmove's shares dropped below their 335p flotation price after the firm decided to scrap a £22m investment in developing a Home Information Pack business.

The company said that it now has 11,200 estate agents on its books



E-mail this to a friend
Related to this story:
Can you beat the estate agent? (23 Nov 06 |  Business )
Rightmove halts house pack cash (26 Jul 06 |  Business )
What is going on with HIPs? (19 Jul 06 |  Business )
House pack change hits Rightmove (19 Jul 06 |  Business )
Rightmove unveils float plans (15 Feb 06 |  Business )

RELATED INTERNET LINKS
Rightmove
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©