Rightmove Shares Fall 6% on £1.5bn Action

Rightmove shares fell over 6% to around 399p, valuing the FTSE‑100 firm at roughly £3.3 bn.
A class‑action claim of just under £1.5 bn was filed in the Competition Appeal Tribunal alleging excessive subscription fees to estate agents.
Rightmove denied merit, pledged vigorous defence, and referenced its 70% profit margins and 80% portal usage share.
Shares have fallen about 25% year‑to‑date after a failed REA Group takeover bid collapsed in late 2024.