Property portal Rightmove has retained its position in the FTSE 100 index despite a sustained decline in its share price over recent months.
The company had been identified as a potential candidate for relegation from the London Stock Exchange’s top 100 firms last week. However, FTSE Russell, the subsidiary responsible for index composition decisions, confirmed Rightmove’s continued inclusion in the benchmark index. EasyJet, which appeared on the same list of potential departures, was removed from the index.
Financial performance
The decision followed Rightmove’s year-end results announcement, which showed revenue and profits increased by 9% in 2025. The growth was attributed to estate agency partners increasing expenditure on premium service packages and additional products.
The company also launched a ChatGPT-powered property search application as part of its technology development strategy.
Investment programme impacts valuation
Rightmove’s share price experienced a sharp decline in November after the company disclosed plans to invest £60 million over three years in artificial intelligence and product development initiatives. The company stated this expenditure would affect near-term profitability.
Management projected revenue growth of 8-10% and profit growth of 3-5% for the current year, describing this period as an “investment phase”. The company indicated the spending would support “double-digit profit growth” in subsequent years.
The portal’s share price reached a five-year low in February, continuing a downward trend that has persisted for several months.
Market implications
Rightmove’s retention in the FTSE 100 maintains its status among the UK’s largest publicly traded companies, though the share price performance reflects investor concerns about the impact of technology investment on short-term returns. The company’s position in the index will be subject to ongoing quarterly reviews based on market capitalisation.
