Formerly |
|
---|---|
Company type | Public |
LSE: RMV FTSE 100 component | |
Industry | Internet & Real Estate |
Founded | 2000 |
Headquarters | London, England, UK |
Key people | Andrew Fisher (Chair) Johan Svanstrom (CEO) |
Revenue | £364.3 million (2023) [2] |
£258.0 million (2023) [2] | |
£199.2 million (2023) [2] | |
Website | rightmove |
Rightmove plc is a British company which runs rightmove.co.uk, the UK's largest online real estate property portal. [3] Rightmove is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Rightmove was incorporated on 16 May 2000 and it launched its website, rightmove.co.uk, in July 2000. Rightmove's founding shareholders were Countrywide plc, Halifax, Royal & Sun Alliance and Connells. [4]
Rightmove was first listed on the London Stock Exchange on 15 March 2006 at which time it became Rightmove plc. [5]
In 2007 Rightmove bought 67% of Holiday Lettings Limited. [6] In May 2008, HBOS, one of the founding investors, sold its stake in Rightmove. [7] According to Forbes, Rightmove operates on a two-sided model which serves a vast "audience" for property listings on one side and 20,000 advertisers of available properties on the other side. [8]
Peter Brooks-Johnson, who joined Rightmove in 2006, became chief operating officer in 2013 and was promoted to chief executive officer in 2017. [9]
In May 2016, Rightmove was ranked as the world’s most innovative company by Forbes. [10] In August 2016, the company acquired The Outside View, a London based predictive analytics company. [11]
In June 2018, the Rightmove tenant Passport was launched. [12]
In July 2019, the company acquired Van Mildert, which provides tenant referencing services and rent guarantee insurance products. [13]
In November 2019, the company announced the appointment of Andrew Fisher as its Chairman, succeeding Scott Forbes who was in the role for over 14 years. [14] [15]
Johan Svanström, a former chief executive of travel booking website Expedia and McDonald's became chief executive officer in February 2023. [16] [17] His appointment followed the resignation of Peter Brooks-Johnson in May 2022. [18]
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. [19]
Prudential plc is a British multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people.
Countrywide is one of the UK's largest integrated property services group including residential property surveying, a collaboration of estate agents, and corporate services. It employs circa 8,500 personnel nationwide, working across 650+ estate agency or lettings offices operating under 50+ brands. Countrywide is a wholly owned subsidiary of Connells Group
Chorion Limited was a multinational media production company with offices in London, New York, and Sydney. The company produced TV shows and feature films, and was best known for its portfolio of entertainment brands. These included children's characters such as Paddington Bear, Peter Rabbit, The Mr. Men, The Very Hungry Caterpillar, Olivia, Gaspard and Lisa and Noddy. The company also owned the rights to the Agatha Christie Estate, Raymond Chandler, and Georges Simenon.
Land Securities Group plc, trading as Landsec, is the largest commercial property development and investment company in the United Kingdom. The firm became a real estate investment trust (REIT) when REITs were introduced in the United Kingdom in January 2007. It is headquartered in London, England, and traded on the London Stock Exchange, and is a constituent of the FTSE 100 Index.
Lookers is a British car dealership chain in the United Kingdom and Ireland. It represents multiple automobile brands, and is based in Altrincham. It is listed on the London Stock Exchange.
M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Connells Limited, trading as Connells Group, is a British estate agency and property services company headquartered in Leighton Buzzard, and a subsidiary of Skipton Building Society.
Savills plc is a British real estate services company based in London. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Unibail-Rodamco-Westfield SE is a French multinational commercial real estate company headquartered in Paris, France. Its history originates with the formation of two separate shopping centre operators, Unibail and Rodamco Europe, which merged in 2007 and became a societas Europaea in 2009. The company acquired Australian shopping centre operator Westfield Corporation in June 2018.
Foxtons Group plc is a British estate agency company dealing with both lettings and sales. It is listed on the London Stock Exchange.
Superdry plc is an English branded clothing company, and owner of the Superdry label. Superdry products combine vintage American styling with Japanese-inspired graphics. It is listed on the London Stock Exchange.
LSL Property Services operates the Your Move and Reeds Rains estate agencies as well as e.surv Chartered Surveyors. It forms the second-largest estate agent chain in the United Kingdom.
THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered at Manchester Airport, England. It sells own-brand and third-party cosmetics, dietary supplements and luxury goods online. It provides an end-to-end e-commerce service to third parties through its Ingenuity division. As of 2023, the company operates 16 fulfilment centres worldwide.
Imagination Technologies Limited is a British semiconductor and software design company owned by Canyon Bridge Capital Partners, a private equity fund based in Beijing that is ultimately owned by the Chinese government. With its global headquarters in Hertfordshire in the United Kingdom, its primary business is in the design of PowerVR mobile graphics processors (GPUs), neural network accelerators for AI processing, and networking routers. The company was listed on the London Stock Exchange until it was acquired by Canyon Bridge in November 2017.
Countryside Partnerships plc, formerly Countryside Properties plc, is a UK housebuilding and urban regeneration company, operating mainly in London and the South East of England, but with a presence in the North West of England. Until 2022, it was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index.
Eros Media World plc is an Indian media company that acquires, produces, and distributes films, television shows, and digital content. The company is led by executive chairperson Rishika Lulla Singh.
Purplebricks is a British online estate agent which operates in the UK. Founded in 2012 by Michael Bruce, Kenny Bruce and David Shepherd, it is backed by investors that include venture capital firm DN Capital as well as Neil Woodford, Paul Pindar, and Errol Damelin.
OpenRent is an online letting agent and property service provider, founded in 2012. It is a UK-based startup company focused on technological solutions to property rentals. It claims to be the largest letting agent in the UK based on number of properties, boasting over 5 million users as of 2022.
Chestertons is a British estate agency chain.
OnTheMarket.com is a United Kingdom property portal similar to Rightmove and Zoopla. In October 2023, it was announced that the firm would be acquired by CoStar Group for £99 million. On December 12, the Washington, D.C.-based property data company reported having completed the purchase of OnTheMarket plc.
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