Real estate
fromwww.bbc.com
2 days agoEstate agents accuse Rightmove of charging excessive fees
Rightmove faces a class action for allegedly charging excessive fees to estate agents, claiming a dominant market position and unsustainable practices.
The company's chief executive, Johan Svanstrom, said AI was "becoming absolutely central" to the running of the business and its plans for the future. But investors were less enthusiastic, and Rightmove's shares had sunk by more than a quarter at one point on Friday. Rightmove announced plans to invest 60m over the next three years and a large part of this investment will focus on AI.