rigt move - MARKETS
A former Competition and Markets Authority (CMA) panel member has lodged legal action in the Competition Appeal Tribunal today (1 April) against online property giant Rightmove, seeking damages of £1. A £1.5 billion legal claim has been filed against Rightmove at the Competition Appeal Tribunal, alleging the property portal abused its market position by charging estate agents excessive subscription ... More than £280m has been wiped off the value of Rightmove after it was hit with a £1.5bn lawsuit over claims it charged estate agents “unfair” fees.
Understanding the Context
The Independent on MSN: Rightmove hit with £1.5bn legal claim over ‘excessive’ fees Rightmove hit with £1.5bn legal claim by estate agents over ‘excessive’ fees - The firm has been accused of squeezing small businesses and independent agencies with fees that are higher than what corp ... Rightmove’s partnership with NatWest will continue for three years (Alamy/PA) (Alamy/PA) Rightmove is targeting more growth through AI launches as it seeks to shrug off concerns it could be threatened ... Forbes: Rightmove Dips 1%, As FTSE 100 Property Lister Predicts Sales Slowdown Property listings website Rightmove was one of the FTSE 100’s biggest faller on Friday as it warned sales growth would cool over the remainder of 2025. At 786.8p per share, Rightmove’s share price was ...