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Johan Svanstrom

  • Rightmove boss talks down ChatGPT threat and defends AI investment

    Property

    Property giant Rightmove sought to walk a tightrope when it launched its financial results on Friday, as its execs stood by the firm’s divisive AI plans while distancing themselves from silicon valley giant OpenAI.   Friday’s results offered an opportunity to calm the shareholders who wiped £1bn off the firm’s value when it announced its AI [...]

    Earlier this month, Rightmove snubbed a £5.6bn offer from REA, saying it was “wholly opportunistic” and undervalued the company.
  • Rightmove warns almost £25bn needed to insulate 2.9m UK homes by 2030

    Energy

    There are 2.9 million houses that will require £23.4bn in improvements to meet the government’s energy performance certificate (EPC) standards by 2030, according to Rightmove. New analysis from the property portal found that an average of £8,074 will have to be spent on rental homes to upgrade them to a C rating by EPC standards. [...]

    Savills recorded a profit uptick despite a slowdown in sales

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