Rightmove raises profit forecast

Rightmove has seen a substantial increase in the average spend per advertiser in January 2010, leading it to increase its profit forecast for 2010.

It has also seen the impact from the first increases to agency listing fees and a healthy uptake of new display advertising products.

The board says it is confident that 2010 profits will be above current market expectations, subject to no significant change in market conditions.

It will be announcing its full year results for the twelve months ended 31 December 2009, on Friday 26 February 2010.