0754 GMT - Rightmove delivers a strong performance despite the turmoil in global markets and resulting uncertainty, RBC Capital Markets analysts say in a note. Demand for the property website's content looks undisturbed by higher-level macroeconomic uncertainty, with these portals likely becoming a welcome distraction and housebuilders and estate and letting agents keen to tap into this demand and turn it into transactions, RBC says. The company aims to make matching, and perhaps creating, property demand and supply as painless as possible, reducing friction around one of life's most stressful events, RBC says. "What Rightmove is doing seems to be working as revenues and profits are likely to see healthy growth this year," RBC says. Shares are up 0.1% at 744.80 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
May 09, 2025 03:54 ET (07:54 GMT)
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