Rightmove under pressure as activist investor takes £250m stake

Rightmove’s grip on Britain’s property market makes it an attractive asset - M4OS Photos/Alamy An activist investor has bought a near £250m stake in Rightmove, piling fresh pressure on the embattled property giant. London-based Independent Franchise Partners (IFP) has built up a 5.8pc stake in the house-buying portal in recent weeks, becoming Rightmove’s third-biggest shareholder. The investment was made after the company warned its profit growth will slow next year because of investment in AI. That ann ...