0855 GMT - Rightmove can't afford to sit still after it rebuffed Australian real-estate advertiser REA's approach and peer OnTheMarket was acquired by CoStar, Wealth Club's Charlie Huggins says. The property website needs to step up innovation instead of relying on big price increases for growth as the pressure is on for it to deliver, Huggins writes in a note. Although operating margins are no longer rising, shareholders won't mind as long as this accelerates top-line growth, he says. Meanwhile, strategic growth areas like rental services show good early traction, he adds. "Rightmove still retains a very dominant position...However, with CoStar snapping at its heels, it certainly cannot afford to rest on its laurels." Shares are up 2% at 655.40 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
February 28, 2025 03:55 ET (08:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。