Could Rightmove be dropped from FTSE 100?

London’s blue-chip share index mostly likely will not list property portal Rightmove this week after a stalling housing market and increased competition. Rightmove is part of a list of candidates that might be relegated from the FTSE 100 Index after the FTSE Russell EMEA Committee decides on the results of its quarterly review.

Since hitting an all-time high in June, the stock has fallen 7 percent due to fears over the health of the property market and pressure from rivals such as Zoopla and Purplebricks.

Read the full story at Property Portal Watch.

You may also like...