Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
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  • to enable you to participate in interactive features of our service, when you choose to do so;
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  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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Rightmove Plc (RMV)

  Print      Mail a friend       Annual reports

Tuesday 06 May, 2008

Rightmove Plc

Interim Management Statement

Rightmove Plc
06 May 2008

                                                                      6 MAY 2008
                                 RIGHTMOVE PLC
                          INTERIM MANAGEMENT STATEMENT

Rightmove plc ('Rightmove'), the UK's number one property website, at the start
of the Annual General Meeting today, publishes its Interim Management Statement
for the period from 1 January 2008 to 5 May 2008 with management and financial
information relating to the period 1 January 2008 to 31 March 2008.

Current trading:


Rightmove has continued to trade strongly since the start of the year, with
continuing growth in advertiser numbers, traffic and revenues.

The number of advertisers on the Rightmove site grew to over 19,500, up 15% on a
year ago and up 2% since the start of the year.

Activity on the website is up 22% compared to the same period a year ago to
around 550m page impressions per month.

During April 2008, we entered into a bilateral facility of up to £40m with the
Bank of Scotland for the specific purpose of facilitating share buy-backs.
Rightmove continued to repurchase its own shares with a total of 3.93m shares
bought back, as at the end of April, at an average price of 467p and a total
cost of £18.5m.

Estate agency

A rise in the basic subscription price from £250 to £325 per office per month
was successfully implemented on 1st January. Membership numbers among estate
agents at the end of March were broadly unchanged from the year end, despite an
increase in the number of estate agency branch closures and any leavers as a
result of price rises. This was as a result of continued strong new joiner
numbers particularly in Scotland and Northern England where Rightmove's
penetration is below the 90% average. The retention rate for estate agents has
declined to around 85%, compared to 92% in 2007, as a result of an increase in
agents ceasing trading. We anticipate that the number of branches closing or
agents ceasing trading in the second quarter will be higher than in the first
and is unlikely to be outweighed by new joiners.

New homes

The number of new homes developments on the website has increased by
approximately 150 since the start of the year bringing the total to 3,950. In a
tougher housing market environment, with properties taking longer to sell, the
average time that each development remains on the Rightmove website has
lengthened. In addition to a significant price rise in January, over 200
developers representing over 700 developments switched from monthly to 12 month
contracts, leaving fewer than 1,000 developments under short-term contracts.

Lettings agents

Lettings agents advertising on Rightmove have increased in the region of 6% to
around 2,500 since the end of 2007, giving a penetration rate at the end of
March of approximately 83%. Some of the estate agents who have ceased trading
continue to be Rightmove customers as they have reverted to being predominantly
lettings agents.

Product development

The Group continues to invest in product development. A new range of Rightmove
Choice products was introduced in January 2008. Sales of both the original and
new Rightmove Choice products have been healthy as agents look to switch their
advertising spend from newspapers and print titles to more effective online
platforms. An area of particular strength has been the growth in the email
campaign service which allows advertisers to target specific home buyers who
have registered an interest in a type of property.

Holiday Lettings

Holiday Lettings, in which Rightmove has a 66.7% interest, traded strongly in
the crucial first quarter and is on track to record substantial revenue growth
in the year.


The outlook for the UK property market is very poor with recent announcements on
mortgage approvals and from new home developers showing the scale of the

The competitive environment suggests that Rightmove is gaining significant
market share of property advertising as a result of declining spend on regional
newspapers and little change in terms of the relative position of other property
websites. We anticipate substantial declines in property advertising in regional
newspapers. While we believe that up to 5% of this is attributable to agents
going out of business, we believe that the majority will reflect reduced
spending by businesses which continue to trade. These businesses continue to be
Rightmove members and in many cases are reinvesting some of the savings they are
making elsewhere in their business in Rightmove services.

If housing market problems result in a decline in the number of estate agents
over a protracted period, together with a decline in the number of new
developments commenced and a switch among small developers to the use of estate
agents, then there will be an adverse impact on the Rightmove business.

Even reflecting a weak outlook for the UK housing market and for property
advertising generally, the Board has confidence in meeting market expectations
for the current year.


Neil Bennett or Charlotte Walsh, Maitland +44 20 7379 5151

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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