Rightmove to Drop Out of FTSE 100 This Month

Rightmove will be relegated from the FTSE 100 Index and join the FTSE 250 this month, according to FTSE Russell, the global index provider for London's Stock Exchange.

Barring exceptional circumstances, Rightmove will join Berkeley Group Holdings and Mondi in the FTSE 250 Index on 22 June 2026, while Aberdeen Group, Computacenter and Investec will replace the three fallouts in the FTSE 100.

FTSE Russel advised that Rightmove was expected to fall into the FTSE 250 last week, in a 3 June 2026 notice.

Rightmove share prices are down over 40% in the past 12 months, partly due to the November 2025 announcement of a £60m, three-year AI investment programme that would hit profit guidance. A £250m activist investor raid probably didn't help matters, while news of a £1.5bn legal action filed in April took things from bad to worse.

Rightmove floated on the London Stock Exchange on 10 March 2006 at 335p per share, valuing the business at £425m.

The stock climbed steadily until the Covid pandemic dragged shares down to approximately 400p, with a market capitalisation of circa £3.3bn. Confidence was restored, and Rightmove hit an all-time high of approximately 800p per share in August 2021, pushing the market cap to roughly £6.7bn.

Then came REA Group. Australia's property giant made four unsolicited bids across September 2024, topping out at 775p per share and valuing Rightmove at £6.2bn. All four were unanimously rejected by the board. Once REA walked away on 30 September 2024, shares fell sharply to approximately 473p in October, implying a market cap of around £3.5bn.

At 438p today, Rightmove is trading 44% below REA's final bid of 775p, with a market capitalisation of around £3.26bn.