Rightmove shares tumbled as much as 25 per cent on Friday after the UK property listings site warned that profit growth would slow as it increased investment in artificial intelligence.
The FTSE 100 group forecast underlying operating profit growth of 3 to 5 per cent next year, down from 4 to 9 per cent for 2024 and 2025.
Rightmove said the weaker profit growth “reflected . . . increased investment”, including £18mn next year.
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