LONDON, June 27, 2026, 23:02 BST
- Rightmove gained 1.5% Friday, closing at 440p. The stock finished the week up 5.29%. The FTSE 250 dipped 0.06% for the day.
- The company repurchased 165,000 shares Friday, paying an average of 429.117p. That’s about 2.5% under the previous close.
- The stock has dropped 44.09% in the past year and is 46.8% off its 52-week high.
- Rightmove’s June index showed UK asking prices dropped more than in any June since 2010.
London trading was closed Saturday, so Friday’s finish is the last one available. Rightmove plc (LON:RMV) ended Friday up 1.5% at 440p, outpacing a down day for the London indexes as the FTSE 100 slipped 0.2% and the FTSE 250 was off 0.06%.
Rightmove’s five-day gain after dropping out of the FTSE 100 was 5.29%, but that doesn’t change the bigger picture. Shares are still down 15.32% for the year and 44.09% over the past 12 months, MarketWatch data show.
Rightmove is trading like a de-rated portal and is cutting the share count again. On Friday the company bought back 165,000 shares at a volume-weighted average price of 429.117p, spending about £708,000. The shares will be cancelled.
Rightmove has repurchased 562.8 million shares since kicking off its buyback in December 2007. That figure is about 75% of the 745.7 million ordinary shares currently outstanding, excluding treasury shares.
Rightmove’s buyback is hitting at valuations near two-year lows, which may help holders, but the company still has to show that lower housing activity won’t cut into advertiser budgets. Rightmove said on May 8 it was keeping its 2026 outlook for revenue growth at 8% to 10%, with underlying operating profit seen up 3% to 5% and at least 5% growth for underlying earnings per share.
Chief Executive Johan Svanstrom said in the update that trading matched expectations and that guidance stayed unchanged. Svanstrom added membership rose since the end of the year and that progress in strategic growth areas stayed on plan.
UK housing data is mixed. Rightmove said its June index showed the average asking price at £376,191, off 0.6% from last month and down 0.5% on the year. That’s the largest June drop in 14 years, the company said.
Rightmove property expert Colleen Babcock said the drop in June was “unusual” for its size, and that sellers have to set sharper asking prices early. Two-year fixed mortgage rates slipped to 5.07% from 5.18% the previous month, while the number of listings stayed high compared to historical levels. Rightmove
Rightmove changed index pools, too. FTSE Russell’s June review had it dropped from the FTSE 100 and put into the FTSE 250. Latest market data show Rightmove now sits in the FTSE 250.
Investors looking to the week ahead won’t find any company update on the level of last week’s. Rightmove’s financial calendar shows half-year results coming July 31. The company is also aiming to wrap up its £90 million buyback by then.
