UK property website Rightmove set for listing

UK residential property website Rightmove fired the starting gun on a stock market flotation today.

The site, which offers house and flat hunters the chance to browse estate agents’ stock online, is owned by estate agent Countrywide, mortgage bank HBOS and Connells, another estate agency business. All have 30% holdings while insurer Royal & Sun Alliance owns the rest.

The proposed flotation is expected to be completed in March, with reports last month putting a value of more than £400m (€583m) on the business.

The move comes amid signs of renewed appetite for dotcom businesses, following the sale of Friends Reunited and the £48m (€70m) acquisition of rival website Primelocation.com by the Daily Mail & General Trust.

More in this Section

M&S chief financial officer quits role as firm slides out of FTSE 100M&S chief financial officer quits role as firm slides out of FTSE 100

UK government urged to prevent Thomas Cook collapseUK government urged to prevent Thomas Cook collapse

Facebook suspends ‘tens of thousands’ of appsFacebook suspends ‘tens of thousands’ of apps

Walmart to stop selling e-cigarettes at its US storesWalmart to stop selling e-cigarettes at its US stores


Lifestyle

For an instant supper or lunch, fishcakes can be nourishing, warming and tasty. To complete a balanced meal, all it takes is some stirfried or roasted root vegetables.Taste of the sea: Top 8 fish cakes

My seven-year-old stood tall, whispered “bravery” to herself and stepped into the pitch-black dungeon. I stood there and watched her disappear.Learner Dad: I hate nostalgia, I think it’s mawkish and sentimental

Dr Phil Kieran says head lice is incredibly common among school children and offers practical advice on how to remove the crawlers with easy treatments.Tackling head lice: Easy treatments to remove itchy creepers

Gráinne Healy only started running regularly a few years ago. She’s already completed 50 parkruns. She tells Rowena Walsh what motivates her.Ageing with Attitude: Parkruns and quiet Friday nights

More From The Irish Examiner