BREAKING NEWS

BREAKING NEWS

Rightmove shares fall on slowing full-year profit growth

Rightmove shares fall on slowing full-year profit growth
FILE PHOTO: Rain clouds gather behind a row of terraced houses in Altrincham, northern England, Britain, May 3, 2016. REUTERS/Phil Noble/File Photo -
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(Reuters) - Property website Rightmove Plc on Friday reported its slowest full-year underlying operating profit growth in nine years, sending its shares down nearly 7 percent.

The company's shares were the biggest loser on UK's blue-chip index and were down 6.7 percent at 449.6 pence.

Rightmove's underlying operating profit rose 10 percent to 203 million pounds for the year ended Dec. 31.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shounak Dasgupta)

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