Sunday, 14 December 2008

Rightmove share sale - Connells out but still in

Rightmove announced on Friday that Connells sold its 18.1% stake in the business.

Rightmove shares dropped further by 11% closing at 163.25 pence.

Although this means Connells are out, it doesn't mean they are not still 'in'. At the same time Rightmove announced that they had sealed a deal with Connells to extend their contract through to 2012. For the full statement have a look at

No doubt the EAT website will be busy on Monday.

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