Rightmove Rally Gives AI Selloff Victim FTSE 100 Survival Hope
With just days to spare before a FTSE 100 reshuffle, Rightmove Plc has staged a last-minute rally that could save the embattled property portal from blue-chip exile.
The stock surged as much as 7.1% on Friday, its biggest jump since April, after the company delivered solid earnings and announced a £90 million ($121 million) share buyback. The rally comes at a crucial moment: changes to the index will be based on March 3 closing prices, giving Rightmove less than three days to avoid relegation.