FTSE 100 Edges Lower: IAG Reports Q3 Results, Rightmove Shares Plunge

London’s FTSE 100 slipped around 0.25% in early Friday trading, extending Thursday’s 0.4% decline, as disappointing corporate updates weighed on sentiment. 

The index remains just below the 9,800 mark, a key level investors are watching to gauge whether it can sustain its strong performance this year. A break above would suggest another leg higher. 

The index has been resilient despite a sell-off in global equities, helped by gains in healthcare and a weaker GBP.  

In today’s session, Rightmove is the biggest faller, plunging more than 25% after the property portal forecast slower profit growth for 2026. 

The company stated that underlying operating profit is expected to rise just 3% to 5% next year, reflecting increased investment in artificial intelligence.

Rightmove said it would “accelerate technology investment to build an even stronger platform and drive sustainable growth over the medium to long term,” adding that “AI is now becoming absolutely central to how we run our business and plan for the future.”

Meanwhile, International Consolidated Airlines Group shares fell 8.6% after the owner of British Airways reported third-quarter results that failed to meet investors’ high expectations, amid what analysts described as a difficult trading environment over the past three months.

Among the index’s risers were Hikma Pharmaceuticals and Hiscox, both up about 1.7%, while Convatec and JD Sports gained 1.2% and 1.1%, respectively. Auto Trader also traded lower, falling around 4.1%, as investors continued to assess its interim results reported on Thursday.