The news on Tuesday that Rightmove chairman Scott Forbes offloaded half his stake has been reflected in the share price.
Dealers picked up on the news of the £7m disposal, sending the stock down 78p to £22.62 on Wednesday. The Daily Telegraph’s City Diary says Forbes’ decision to buy a multi-million-pound house in London’s South Kensington might prove to be a wrong move if Nationwide’s predictions of a “slowing down” in the London market rings true.
29/05/14 Daily Telegraph B7, B8
Times 36
