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Rightmove reports pre-tax profit of £28.7m

Property website Rightmove has reported pre-tax profits of £28.7m for the first six months of 2011, up from £24.5m last year.  

It has seen revenue increase by 20% to £47.0m  and its interim dividend increased by 40% to 7.0p per ordinary share.

Ed Williams, managing director of Rightmove, says its iPhone, iPad and mobile applications have proved a success.

He says: “People are now home hunting wherever they are, not just at home or work. People thinking of selling their home know it remains a challenging housing market, so they increasingly expect their estate agent to make sure that their property is advertised as prominently on Rightmove as possible.

“Continuing to grow revenue and profits in the current housing market is the result of the importance of Rightmove to home hunters and property advertisers alike and a tribute to all the efforts of our people.”

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Industry logs on

Social media is a growing force in the world of business and is only expected to get bigger. It’s time brokers caught on to the benefits of using such media to fuel growth

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Strike call reflects deepening public anger

A recent conference of the Irish Congress of Trade Unions – the local version of the Trades Union Congress – backed calls for a mortgage strike that would be aimed at forcing banks to cut the cost of repayments for struggling householders.

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Auto-enrolment: pay attention or pay the price

By Simon Fletcher

As a chief executive officer of a business in the financial services sector, I have been dealing with the introduction of auto-enrolment for our clients for some time, but I can also speak from an employer’s point of view, having to go through the process ourselves.

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