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Cost of living on many minds ahead of Manx election

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An aerial view of Douglas from the promenade on a bright day, showing hundreds of buildings with areas of trees breaking it up.

Residents, businesses, and charities say they are feeling the pinch of rising costs, with many describing the economy as a key priority ahead of the Isle of Man general election.

Several independent shops in Ramsey said custom was down and running costs had become harder to manage, while the island’s foodbank said demand for support had doubled in two years.

The Isle of Man Chamber of Commerce warned the Island faced “a very hard five years” ahead, citing a shrinking tax base and the recent loss of many high‑earning jobs.

Candidates have been urged to explain how they will fund their plans, support businesses, and reduce the pressures on working families.

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Residents in Douglas said rising prices were affecting everyday life, with several describing the cost of living as their biggest concern ahead of the election.

Sharon Cox, from Douglas, said life was “not affordable.. especially for older people and vulnerable people”.

Prices were rising “not just by pennies”, but by “25 or 30 pence” each time she visited the shops, she added.

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Natural Gas stuck between $2.87-$3.03: Live levels

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Nintendo Lifts Wave Of Switch 2 Console Bans After Reported System Fault Sparks Player Panic Worldwide

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Nintendo Switch 2 Price

TOKYO — Nintendo Co. appears to have reversed a wave of Switch 2 console bans that struck players worldwide over the weekend, with the company’s support representatives attributing the issue to a temporary system fault rather than a piracy crackdown, according to reports from IT Home and Notebookcheck.

Reports of the ban wave, which displayed error code 2124-4508 to affected users, began spreading on Sept. 5. By Monday morning in Asia, owners in several countries reported that online access to their consoles had returned, suggesting Nintendo had resolved the underlying issue within roughly a day of it first surfacing.

Numerous users on Reddit reported their consoles had been unbanned following the alarming wave that initially left them unable to access Nintendo Switch Online, the eShop and other connected features. According to reporting from SSBCrack News, both new and legitimate game cartridges were reportedly being used by many of those affected, contradicting the pattern typically associated with Nintendo’s usual piracy-related enforcement actions and raising questions about whether the bans had been triggered in error.

Nintendo’s response to the incident was notably inconsistent in the early stages of the confusion. According to SSBCrack, one support agent had initially alleged that illegal software was to blame for the bans, a claim that muddied the situation further given that other affected users insisted they had done nothing to violate the console’s terms of service. The precise scale of the ban wave has remained difficult to determine, and Nintendo had not issued a formal public incident report or disclosed an affected-console count as of the time reporting on the episode was compiled.

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According to KOCPC, a Switch 2 console flagged with the 2124-4508 error code loses access to a wide range of features, including the ability to download or play digital games and Game-Key cards, receive system or game updates, participate in online multiplayer, use the console’s GameChat communication features, and access any Nintendo Switch Online services, including its subscription-based retro game library. In effect, any feature requiring an internet connection becomes unusable once a console is flagged, significantly reducing the practical value of an affected unit for as long as the ban remains in place.

The weekend’s confusion echoed an earlier, similarly alarming episode from shortly after the Switch 2’s original launch. In one previously reported case, a Reddit user identified as dmanthey had their Switch 2 banned after purchasing four used Switch 1 games through Facebook Marketplace and patching them on the console, only to later discover the cartridges had been illegally cloned using piracy tools. That user was able to reverse the ban by contacting Nintendo support through live chat and providing photographic evidence of the physical cartridges alongside the original marketplace listing, with the restriction lifted within hours. The user described the appeal process as “fast, painless,” and said the experience compared favorably to support interactions with competitors including Microsoft or Sony.

Not every reported ban has proven so easily reversible. In a separate previously documented case from shortly after the console’s launch, a user known as Funaoe24 warned the broader Switch 2 community that a permanent ban issued by Nintendo could prove genuinely irrevocable, describing losing access to the console’s online features entirely without any clear path to restoration. Some community members expressed skepticism about that particular account, suggesting without direct evidence that the user might have used unauthorized third-party hardware, such as a MIG Flash device, in a manner Nintendo’s systems flagged as a terms-of-service violation. Nintendo has previously banned Switch 2 consoles detected using MIG Flash devices and similar unauthorized hardware without prior warning to the user.

Community discussion of Nintendo’s appeals process has generally suggested that proof of legitimate purchase plays a central role in determining whether a given ban gets reversed. According to community reports compiled by ThatParkPlace, Nintendo support representatives typically escalate disputed cases to a dedicated fraud review team, and while not every appeal succeeds, particularly those tied more directly to confirmed piracy tools such as MIG Switch flash carts, cases involving legitimate secondhand game purchases have frequently seen successful outcomes once ownership evidence is provided.

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Nintendo’s aggressive approach to console bans has drawn broader scrutiny and, in at least one instance, legal challenges. According to ThatParkPlace, the company has faced legal pushback in Brazil specifically over its console-ban policies, part of a wider debate over whether device-level restrictions unfairly penalize subsequent owners of secondhand consoles who may have no knowledge that games or hardware associated with a unit were previously involved in piracy-related activity. Community members have also warned prospective buyers to verify a used Switch 2 console’s online access status before purchasing secondhand units, given the risk that consoles previously flagged for piracy-related bans could circulate through resale markets without disclosure.

From a business perspective, the weekend’s ban confusion arrives at a sensitive point in the Switch 2’s product cycle, given the console’s continued strong sales performance following its launch and a recently implemented price increase. A mistaken permanent-ban message affecting legitimate customers carries the risk of weakening consumer confidence if buyers begin to doubt whether their purchases will remain reliably accessible. Nintendo shares traded at 8,748 yen as of 2:25 p.m. Japan Standard Time Monday, down 1.03% from Friday’s close, though that modest decline does not appear directly tied to the ban controversy specifically.

Based on currently available evidence, the incident appears to reflect a short-lived service failure rather than a new, intentional piracy enforcement crackdown or a lasting threat to hardware demand, and there is no indication the episode has prompted any revision to Nintendo’s broader Switch 2 sales projections. Analysts tracking the situation have said three developments would materially change that assessment: a recurrence of the ban wave across multiple countries, an extended eShop outage, or evidence of elevated return rates or weaker sales following the console’s recent price increase. Absent one of those signals, Nintendo’s more significant ongoing challenge remains selling additional Switch 2 units and growing software volume, rather than managing fallout from this particular weekend’s ban confusion.

As of this report, Nintendo had not issued an official public statement detailing the root cause of the weekend’s ban wave, the total number of consoles affected, or whether any compensation or additional remediation steps would be offered to customers who experienced unwarranted restrictions on their consoles over the weekend.

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Business Secretary rules out Jaguar Land Rover bailout amid reports of 4,000 job cuts

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JLR is expected to formally announce a major redundancy programme on Monday

Jaguar Land Rover sign

JLR employs thousands in the Midlands and Merseyside(Image: Darren Quinton/Birmingham Live)

The Business Secretary has ruled out a government bailout for Jaguar Land Rover amid reports that the UK’s largest car manufacturer is set to axe 4,000 jobs.

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The company is expected to formally unveil a significant redundancy programme on Monday, with the job cuts to be phased over two years, according to The Times.

JLR confirmed in a statement that it is launching a voluntary redundancy scheme, offering salaried and management staff the opportunity to leave the business.

Business Secretary Jonathan Reynolds has held talks with JLR chief executive PB Balaji and is due to meet the firm’s senior leadership team early this week.

Speaking on Laura Kuenssberg’s programme on the BBC, he said: “A company the size of JLR, which is a huge British success story, at various times in its business cycle, the number of, directly, people it employs will change.

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“If this is about making sure over time that the workforce is right to make the business as competitive as possible, that’s the conversation we need to have.

“Of course you want to mitigate any job losses.”

When pressed on whether financial assistance could be made available to safeguard those roles, he added: “Not if it’s to bail people out.

“If it’s about long-term investment in the future, we do invest alongside industry on that.”

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JLR is continuing its recovery following a significant cyberattack that forced the manufacturer to suspend production last year. The firm employs approximately 30,000 staff throughout the UK and manufactures the majority of its vehicles at plants across the country, including facilities in Solihull, West Midlands, and Halewood, Merseyside.

A JLR spokesperson said: “Over the past three years, we have strengthened our House of Brands and transformed our product portfolio for the next generation.

“As we deliver the next phase of our strategy, we need to adapt to evolving global market conditions while targeting approximately £1.7 billion of savings over the next two years and reduce break-evens to 300,000 vehicles. To achieve this, we must further simplify our organisation, improve efficiency and build greater resilience.”

The firm confirmed it had notified employees and trade union partners of the voluntary redundancy scheme, adding it would “share further information with our colleagues first”.

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A Government spokesperson said: “We understand that this will be an uncertain and concerning time for affected workers, their families and wider communities.

“We have taken significant action to back the UK automotive industry by lowering electricity bills for manufacturers, providing £4 billion of capital and R&D funding to manufacture zero-emission vehicles (ZEVs) and launching a £2 billion electric car grant to encourage people to buy EVs (electric vehicles).”

Unite general secretary Sharon Graham said: “Death by a thousand cuts has been going on under the nose of successive governments.

“Years of under-investment, unsustainable ZEV mandates and high industrial energy costs are crippling the industry. There must be further action.

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“There have been intensive Government discussions over the weekend to look at how to mitigate these job losses at JLR.

“The business secretary, Jonny Reynolds and myself are meeting the CEO of JLR next week. Unite was pivotal in securing the £1.5 billion government facility for JLR after the cyber attack.

“Once again, we will leave no stone unturned to support these workers. It cannot be acceptable that workers again are made to pay the price.”

JLR disclosed last month that revenues dropped by 9.6% year-on-year to £6 billion for the three months to June 30, driven by a 9.2% fall in vehicle volumes.

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This followed a period in which production was significantly disrupted by a series of factors, amongst them a fire at a supplier’s facility.

JLR temporarily halted production of its Range Rover and Range Rover Sport models at its Solihull plant in March, after a severe fire broke out at a component manufacturer’s factory in Norway.

Sales volumes have also taken a hit following Jaguar’s move to discontinue several diesel and petrol-powered models, including the F-Pace.

Jaguar is pivoting towards electric vehicles as part of a sweeping strategic overhaul aimed at revitalising the brand.

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JLR posted a pre-tax profit, excluding exceptional items, of £109 million for the quarter, a marked decline from the £351 million profit recorded in the same period a year earlier. Profit margins took a hit from a one-off provision related to US fuel economy regulations, which partly counterbalanced reduced US-UK tariffs.

Earlier this year, JLR announced plans to slash approximately £1.7 billion in costs over the coming years to bolster its recovery efforts.

The firm has been recuperating from last year’s cyberattack, which had a significant impact on the business, its workforce and the broader UK economy.

The car manufacturer was compelled to halt production at its UK plants for five weeks from 1st September last year, which hit sales in late 2025 and resulted in substantial financial losses.

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Bristol Guildhall set to be turned into luxury hotel after years of delays

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The historic Grade II*-listed building was damaged by fire in March 2020

The Guildhall in Small Street, Bristol, which is being turned into a five-star hotel (Image: Nash Partnerships, free to use by all partners)

The Guildhall in Small Street, Bristol(Image: Local Democracy Reporting Service / Nash Partnerships)

Plans to transform Bristol’s historic Guildhall into a five-star luxury hotel are poised to move forward after years of setbacks. Developers are seeking listed building consent from the city council to remove asbestos from the former courtroom, which is earmarked to become a bar for guests and the public.

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The scheme was initially approved to convert the property into a hotel back in 2013, but it was devastated by fire in March 2020.

More than 50 firefighters battled the blaze, yet the roof of the historic Grade II*-listed building, which sits on Broad Street and Small Street, caved in as flames tore through it.

A notice on the website for the forthcoming Hotel Gotham indicated it is now expected to open later than originally planned, early next year.

The venue will feature 75 bedrooms, a restaurant and a rooftop terrace bar.

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In fresh planning documents lodged with Bristol City Council, the developers’ consultants stated that external works were already covered by existing permissions, and that the latest application concerned internal works only, which would ‘not affect the setting or significance of the surrounding buildings, or the wider conservation area’.

They noted that despite technical surveys carried out prior to construction work, the building had ‘continued to yield ‘surprises’, including previously unrecorded alterations.

“Investigations of the plaster linings through service holes revealed that the upper walls were finished with an asbestos reinforced plaster, requiring removal before any work within the room could proceed to ensure the safety of workers and the public,” the consultants said.

“The proposed works to replaster the former courtroom will not impact on the street scene, or other buildings within the setting and do not require planning permission.

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“As they affect the internal fabric of Grade II*-listed building, they do require listed building consent.

“The proposed works are confined to the former courtroom and concern the plaster finishes and linings of the walls above the timber panelling, benching, and doors. The work will require removal of no historic fabric.”

The consultants said the courtroom ranked amongst the most significant spaces within the Guildhall, and would be restored to active use as a hotel bar after falling into a prolonged state of disrepair.

The site traces its origins back to the 13th century and underwent substantial reconstruction during the 1840s, emerging as a gothic revival-style building.

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It functioned as the city’s crown court for a considerable number of years, with the basement having served as a prison.

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L3Harris Stock: The Essential Pieces Behind Modern Warfare (NYSE:LHX)

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L3Harris Stock: The Essential Pieces Behind Modern Warfare (NYSE:LHX)

This article was written by

“AWS Certified AI Practitioner Early Adopter”I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I have been the primary driver of Anthropic-based tooling in our company’s division, and have successfully pushed for the division-wide integration of tools like Claude Code via AWS Bedrock. I am currently spearheading the implementation of AI-infrastructure in our division.I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I have increasingly deep knowledge on the science behind generative AI systems as a result of first-hand experience with machine learning algorithms, model training, and model deployment.I contribute to Seeking Alpha as an outlet to share my AI and machine learning insights through an investment-focused lens.Closely associated with LL InsightsPer TipRanks (6/26/25) – 2 Year Timeframe#716 out of 31,463 Financial Bloggers #1,222 out of 41,143 experts

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Concurrent Technologies sees FY26 results above forecasts

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Ingenia rejects $2b takeover bid

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Ingenia rejects $2b takeover bid

The retirement village operator, which is set to acquire Peet, has rejected an unsolicited bid from private equity firm Warburg Pincus to buy it.

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CBI warns Healey business costs are hitting investment

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CBI warns Healey business costs are hitting investment

Rising costs are damaging business investment and undermining the government’s efforts to raise living standards, the CBI has warned the chancellor, John Healey, ahead of his first major economic speech and the budget on 28 October.

In a 75-page report drawing on cross-sector surveys and evidence from trade associations, the industry confederation said businesses paid almost £345bn in taxes in 2025-26. That was 12.7 per cent higher than the previous year and represented 31.3 per cent of all UK tax receipts.

Employer national insurance contributions, which were increased in the Labour government’s first budget in 2024, rose to £123.1bn in 2025-26, according to the CBI’s analysis of business tax contributions. That was a 28 per cent increase year-on-year and meant the levy overtook corporation tax as the largest single source of business tax revenue.

The report also found that UK non-domestic electricity prices were about 45 per cent above the median of G7 countries in 2023 and 2024.

The CBI called on the government’s new cost of living taskforce to prioritise cutting business costs. Rain Newton-Smith, the CBI’s chief executive, said Andy Burnham was right to put the cost of living at the heart of his new government but warned that “business costs are kitchen-table costs too”.

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“When firms are forced to absorb higher taxes, energy bills and regulatory costs, the consequences are weaker investment, fewer jobs and less scope to raise wages,” she said.

“Business is the economic engine that powers better public services, creates jobs and raises living standards, the very things we need to revitalise our communities and help them prosper.”

The report identified four barriers holding back investment: labour and energy costs; fragmented rules that raise compliance costs; unnecessary regulatory friction with the EU; and tax complexity. It called for measures in the budget to ease what it described as the most significant pressures, from employment costs, energy bills and business rates.

The CBI’s members include some of Britain’s largest employers, among them Tesco, Centrica and Lloyds Banking Group, as well as trade associations covering retail and hospitality, food and drink manufacturing, construction and energy.

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Healey has said he is as concerned about the cost of business as about the cost of living. In his first address to the House of Commons as prime minister, Burnham pledged to “bring back hope” and said life was “too expensive and too hard for too many”, but he declined to say whether taxes would rise in the budget. He also said his administration would be “grounded in fiscal responsibility”, as the cost of government borrowing reached its highest level in almost two decades.

The British Chambers of Commerce made a similar case in its own submission to the chancellor. Its research found that domestic policies have increased the costs facing a typical small or medium-sized business by 70 per cent over the past decade.

The BCC proposed cutting national insurance contributions for under-25s, reducing energy taxes and business rates, and providing greater support for exporters. It said the measures could be partly funded by replacing the triple lock on pensions, and urged Healey to “back business, cut costs and deliver growth”.

Shevaun Haviland, the BCC’s director-general, said: “We know the government is in a fiscal bind and its choices are limited. But support for business is not just money out the door, it generates vital economic returns. Easing cost pressures will give firms breathing space to create jobs, investment and growth. Right now, too many businesses are being held back by ever increasing bills.”

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The two submissions follow earlier CBI warnings against further tax rises on business under the previous chancellor, Rachel Reeves.

The government was approached for comment.


Jamie Young

Jamie Young

Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the ‘covid era’ and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine’s coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

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Opinion: Private ambition benefits infrastructure

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Opinion: Private ambition benefits infrastructure

OPINION: The brains trusts in corporate Australia failed to spot an opportunity now embraced by an ambitious businessman.

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Zoopla profit returns despite advertising revenue fall

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Zoopla profit returns despite advertising revenue fall

Zoopla, the UK’s second-largest property website, returned to a pre-tax profit of £13.3m in 2025 despite a 1 per cent fall in revenue to £83.2m, which the company attributed to a change in its advertising strategy.

The Rightmove rival had reported a loss of £5.2m the previous year, when it wrote down the value of Yourkeys, a business it acquired in 2021 that helps developers manage their sales, by £19.5m.

Revenue had slipped by 7 per cent to £84.2m in 2024. Zoopla put the latest decline down to “lower programmatic and direct advertising revenue” as it moved towards promoting “more relevant property-related advertising” on its site.

The company does not disclose how many estate agents pay to list homes on its website but said its customer base “remained broadly stable” last year.

Paul Whitehead, chief executive of Zoopla, said: “Lots of marketplaces put what’s called programmatic advertising across their sites, but it’s generic.

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“There’s some short-term revenue there, but is it the best consumer experience? Probably not. We want to work with [advertisers] that are contextual to the house move, whether that’s lenders or estate agents or credit score providers. It’s a tough decision because you lose some revenue as a result.”

Whitehead, 55, took charge as chief executive last year. He previously ran Cazoo, the used-car website that fell into administration in 2024.

Zoopla has been owned since 2018 by Silver Lake Partners, the American private equity firm that also holds a stake in City Football Group, the owner of Manchester City.

Rather than compete directly with the volume of leads Rightmove generates for its estate agent and developer customers, Whitehead wants Zoopla to offer fewer but better leads. Central to that approach is signing up more people to track the value of their current homes on the platform.

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At the end of 2025 there were 5.4 million homeowners tracking their home’s value on Zoopla, a third more than a year earlier. The company says the figure has risen to 6.4 million so far in 2026.

“We believe [having a large number of homeowners using our platform] delivers great value to our partners who are getting more instructions,” Whitehead said.

“We can provide data insights even before people are in that actual moving window. You might start looking at particular types of properties or save a property, these are all signals to us that someone might be thinking about moving.”

He added that the new strategy was “starting to deliver in the numbers”. Alongside the return to profitability, Zoopla reported a 9 per cent increase in revenue in the first quarter of 2026.

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Zoopla remains well behind Rightmove on earnings. In the first six months of 2026 alone, Rightmove generated a pre-tax profit of £149.1m on revenue of £225.8m, according to its half-year report, which also showed revenue up 7 per cent on the same period a year earlier.

Rightmove, which rejected a £5.6bn takeover approach from Rupert Murdoch’s REA Group in 2024, reported average revenue per advertiser of £1,726 a month in the first half of 2026. Zoopla does not disclose its monthly cost, which is thought to be as little as half of that.

“We’ll only increase prices if we’re delivering value, we won’t just do it for the sake of it,” Whitehead said. “Our competition is still very much focused on volume of leads, we’re more focused on intent and quality.”


Jamie Young

Jamie Young

Jamie Young is Senior Reporter at Business Matters, covering SME finance, employment law and Westminster policy since 2016. He has reported on every Budget and Autumn Statement since 2018, helped make sense of the ‘covid era’ and the bounce-back loan scheme from launch through the fraud investigations, and broke the magazine’s coverage of the 2024 late-payment reforms. He joined Business Matters straight from completing his BA in Administration from Exeter University and is NCTJ-qualified. Reach him at jyoung@cbmeg.co.uk

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