Rightmove’s H1 revenue declines by 34% on a year over year basis

Rightmove plc (LON: RMV) said on Friday that its pre-tax profit in the first half (H1) of the current fiscal year came in 43% lower. It attributed the decline to the Coronavirus pandemic that pushed the UK housing market into a temporary shut down in recent months. Rightmove announced to have hired a new CFO on £1.75 million package earlier this week. Shares of the company were almost flat in premarket trading on Friday but jumped more than 8% on market open. Rightmove is currently exchanging hands at 625 pence per share versus 400 pence per share when it bottomed