Rightmove Plc Stock Price Falls Despite Fresh Buyback as UK Mortgage Market Turns Choppy
Rightmove shares fell 1.25% to 418.7 pence Tuesday, near a 52-week low, despite the company buying back 225,000 shares at 423.880 pence as part of a £90 million programme. UK mortgage rates climbed to 5.51% and homebuilder Bellway warned of softer sales, pressuring housing-linked stocks.