0935 GMT - Although Rightmove has seen several competitors trying to knock it off the top step in property search, there doesn't seem to be any credible threats on the horizon at present, RBC Capital Markets analysts Anthony Codling and Ross Broadfoot say in a note. The property website's financial performance appears to be in a class of its own as it continues to deliver regardless of the state of the housing market, they say. This is likely to continue so long as the U.K. remains fascinated by property, the analysts add. Although it doesn't charge end users, estate agents and housebuilders pay handsomely to get their homes on the platform and the company is adept at turning that interest into money, they say. Shares are up 2.5% at 659.40 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
February 28, 2025 04:35 ET (09:35 GMT)
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