The company's chief executive, Johan Svanstrom, said AI was "becoming absolutely central" to the running of the business and its plans for the future. But investors were less enthusiastic, and Rightmove's shares had sunk by more than a quarter at one point on Friday. Rightmove announced plans to invest 60m over the next three years and a large part of this investment will focus on AI.
Economic uncertainty globally is influencing demand for hybrid workspace and leading companies to adopt flexible office arrangements. Share price reactions are not always rational in such an environment.
BP's ongoing underperformance and strategic missteps render it an attractive takeover target, particularly given Shell's historic interest and potential cost-efficiencies.