Rightmove Share Fall Is Unwarranted -- Market Talk
Dow Jones
Apr 01
1135 GMT - Rightmove's shares fall on news that it faces a lawsuit over allegations of overcharging, but RBC says the decline is unwarranted. The property website is being accused of abusing its dominant position in the marketplace and overcharging estate agents using its site. "No agent is forced to be on Rightmove, and no agent is forced to pay Rightmove any fees," analysts Anthony Codling and Ross Broadfoot write. Rightmove said the claim is without merit and that it would defend its position vigorously. Shares are down 3.7% at 413.20 pence, having fallen to a low of 391.40 pence earlier in the session. (ian.walker@wsj.com)
(END) Dow Jones Newswires
April 01, 2026 07:35 ET (11:35 GMT)
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