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;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • 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)

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Thursday 13 November, 2008

Rightmove PLC

Interim Management Statement

                Embargoed for release at 07.00 hours, Thursday 13 November 2008

                                 RIGHTMOVE PLC                                 

                         INTERIM MANAGEMENT STATEMENT                          

Rightmove plc ("Rightmove"), the UK's number one property search website,
publishes its Interim Management Statement for the period from 1 July 2008 to
13 November 2008 with management and financial information relating to the
period 1 July 2008 to 31 October 2008.

Current trading


The UK housing market continues to be challenging, with very low housing
transaction volumes resulting in a significant number of estate agents leaving
the market. The net monthly decline in the number of estate agents peaked in
July before falling back to around 250-300 per month for August to October.
While the number of new home developments coming to market is very low, the
impact has been partially offset by a slow down in the rate at which
developments are sold. Advertising spend on existing developments is holding up
well as developers attempt to move inventory.

The number of advertisers on the Rightmove site at the end of October stands at
around 17,500, down 9% on a year earlier.

Activity on the websites is similar to the same period a year ago with, for
instance, page impressions in October up 4% on the same month in 2007. Although
overall home hunters are less active, enquiry levels are holding up well. As a
result of a number of changes to the website, October enquiry
levels to advertisers were up 10% year-on-year and continue to run at 1m per

Estate agency

Rightmove estate agency membership fell to 10,700 by the end of October, a 15%
decline from a high point of around 12,600 a year ago. At least three out every
four estate agents who have left Rightmove over the last year have either gone
out of business or were removed for non-payment (which in practice is
frequently a precursor to going out of business). Average revenue per
advertiser (ARPA) was up slightly compared to the first half of the year aided
by the number of estate agents that are opting to also advertise rental

New homes

The number of new developments coming to market is very low though this is
partially offset by the length of time it is taking to sell developments. The
overall decline in developments being advertised at the end of October is
principally the result of two developers, accounting for approximately 400
developments, ceasing advertising. Total development numbers stand at 3,400,
down 11% on a year ago. ARPA continues to grow healthily, aided by the success
of email campaigns, though December in particular is likely to see a low level
of additional discretionary spend by developers.

Lettings agents

Lettings agents advertising on Rightmove continued to increase as have the
number of estate agents who also now pay to advertise rental properties.
Lettings only agents have grown to 2,900, up 25% on a year ago. A price rise of
around 30% implemented during the most recent period and the introduction of
further Choice products for lettings has resulted in a significant uplift in
average revenue per advertiser in this category.

Overseas homes

The overseas homes advertising market is increasingly tough with many overseas
markets now viewing the UK as a deteriorating source of buyers. As a
consequence the number of overseas advertisers is down 4% on a year ago albeit
ARPA was up by a corresponding amount compared to the first half of the year.

Holiday Lettings

Holiday Lettings, in which Rightmove has a 66.7% interest, continues to trade
strongly having increased the annual price per property advert (to £185 from £
149 for new advertisers and from £119 to £149 for renewals) from the beginning
of August. Retention rates continue to run at around 75% and new sales in
recent months have been in line with the same period in 2007 leading to
continued strong overall growth in the number of properties advertised as well
as the ARPA.


Under normal circumstances the business has a relatively fixed cost base in the
short-term. However, recently the Company announced its intention to undertake
a significant reduction in its overheads to underpin operating margins and to
reinvest in marketing to help advertisers attract more business. These actions
will reduce the cost base by £5m (although the net reduction in the overall
cost base will be less as a result of the intention to increase marketing spend
in 2009). The related one-off expense will be taken in 2008 and is not expected
to be material.


The outlook for the UK property market remains negative. While anticipated
falls in house prices are damaging to consumer confidence, they offer some
opportunity for the volume of housing transactions to improve especially if
combined with government efforts to make mortgages more readily available. So
far, the overall size of the property advertising market including print
advertising appears to have halved over the last 15 months, based on the
property advertising revenue numbers being reported by Rightmove's local
newspaper industry competitors.

Rightmove's own business is proving much more robust than other forms of
property advertising in this challenging environment. Consequently, the Board
continues to have confidence in meeting its expectations for the current year.


Graham Zacharias, Group Finance Director, Rightmove plc 0207 087 0661


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