Does the prospect of a clean Brexit paint a rosier picture for Rightmove, the property website that clearly would benefit from anything resembling a recovery in the housing market?
The last time that this column visited the group, we unceremoniously slapped a “sell” recommendation on the shares, what with the company seemingly poised to be turfed out of the FTSE 100, facing questions about its growth options and operating in a market that was rife with competition.
On the face of it, that was to underestimate Rightmove’s resilience. It has held on to its position in the index of Britain’s biggest quoted companies, has pushed up its revenues and profits and has made an interesting acquisition in the rental sector. The shares have recovered