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UK: House price downturn? It’s all the same to Rightmove

Posted on 16 September 2010

From Citywire.co.uk: As recently as June, the talk was of Rightmove’s impending decline. Google had just dipped one of its giant toes into the UK property search market, sending a wall of water over the established portals.
Even Rightmove’s managing director, Ed Williams, was shedding stock as fast as he could, reportedly selling £8 million of shares (almost half his holding). ‘A time to short Rightmove?’ pondered more than one analyst. Rightmove’s share price was 664p……………………………………….Full Article: Source


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