Archive

CoStar Group, the US-based global online real estate provider which acquired OnTheMarket in December, has now snapped up Matterport, the well...

A shareholder of Foxtons believes the agency could be worth £300m if sold today - substantially above its existing market capitalisation...

It’s taken eight years but one of London’s highest profile estate agencies says the value of its Under Offer pipeline has...

Winkworth has revealed that it has not renewed franchises on offices “where our standards were not being met and results were...

The landmark deal between The Property Franchise Group (TPFG) and Belvoir was ‘inevitable’ and more acquisitions could be on the card,...

Belvoir’s shares were temporarily suspended yesterday after the high court approved its high profile merger with The Property Franchise Group. This paved...

Belvoir shareholders have backed the agency brand's merger with The Property Franchise Group (TPFG), paving the way for the high-profile deal...

Yopa’s latest accounts for 2022 have revealed a “material uncertainty” that the business could continue ahead of a restructure in 2023. The...

The majority of shareholders of The Property Franchise Group (TPFG) have backed a merger of the brand with Belvoir. TPFG and Belvoir...

Shareholders of Belvoir and The Property Franchise Group (TPFG) have been invited to a presentation this week where they can ask...

The chief executive and chief financial officer of Belvoir will lose their jobs if the brand’s merger with The Property Franchise...

Yopa has detailed a restructure of its business after chairman Grenville Turner mysteriously stepped down as a director. Companies House documents last...

OnTheMarket (OTM) chief executive Jason Tebb has declared “our time is now” after shareholders backed a takeover of the portal by...

OnTheMarket shareholders have backed a takeover of the portal by US-owned property brand CoStar UK. It will bring an end to the...

OnTheMarket (OTM) critic Brett Stone has failed to get the Takeover Panel to intervene in the acquisition of the portal by...

OnTheMarket (OTM) critic Brett Stone is still making last-ditch attempts to stifle a takeover of the portal by CoStar UK. Stone, a...

OnTheMarket (OTM) has secured more support for a takeover by CoStar UK. Proxy adviser Glass Lewis has given its backing to CoStar’s...

Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders back the CoStar UK takeover of OnTheMarket (OTM). The independent advisory firm...

Foxtons shareholders are reportedly putting the board under pressure to put the agency brand up for sale Two shareholders who own a...

CoStar has defended its operations after a third open letter from OnTheMarket critic Brett Stone attempted to derail the US property...

Agency shareholders of OnTheMarket will vote whether to accept a takeover approach from CoStar UK on 4 December. CoStar, owner of US...

OnTheMarket (OTM) has accepted a takeover offer for the business. A stock market announcement this morning, following its interim results, said Co-Star...

Jamie Lester is set to revive the HAUS Properties brand that he previously founded and quit. Lester, a former contestant on The...

Retail queen Stacey Cartwright will succeed Nicholas Ferguson as chair of Savills from December 31 - but she inherits a company...

The share price of LSL Property Services dropped around 16 per cent at one point yesterday following a profits warning given...

OnTheMarket critic Brett Stone has issued a second open letter to shareholders of the portal, accusing it of “irresponsibly diluting shareholders”...

Rightmove, which recently increased its charges to some agents by a reported 17 per cent, is set to reveal its latest trading...

OnTheMarket has admitted to shareholders that the cancellation of agent contracts has been “higher than expected”. In results from the company issued...

The founder of an online agency that switched to the for sale-by-owner model has turned his attention to property portals. Kae Travis...

The boss of new Purplebricks owner Strike has said he has “exciting plans” for the brands. It comes as Strike was officially...

Shareholders have backed the sale of Purplebricks to online rival Strike. A general meeting was held this morning for shareholders to consider...

The investment group which today withdrew an offer to buy Purplebricks says it did so because "the financial condition of Purplebricks...

A rival offer could be on the cards for Purplebricks. The online brand has revealed that it has received an indicative proposal...

Purplebricks has agreed a sale of its business to online rival Strike for a consideration of £1. It brings an end to...

Estate agent comparison site GetAgent has handed a lifeline to struggling Purplebricks sellers. It has announced that it will give home sellers...

Two major Purplebricks shareholders have sold their stakes in the beleaguered brand, raising speculation over who they have sold to. Regulatory filings...

A representative of major Purplebricks shareholder Axel Springer has stood down from the online agent’s board. It comes as the beleaguered brand...

Purplebricks’ share price hit a new low last week after it announced a strategic review that could lead to the sale...

OnTheMarket is celebrating retaining its majority agent-owned status amid sell-offs by some of its early shareholders. It comes after 1.9m shares held...

More than 3m of shares have been placed in a dedicated facility established by OnTheMarket (OTM) after its initial public offering...

OnTheMarket (OTM) has rebuffed a surprise approach from a non-shareholder in the business to overhaul the brand and let him join...

OnTheMarket chief executive Jason Tebb has said he is “pleased with the progress” of getting agents to renew contracts as the...

Purplebricks’ share price hit a new low of 9.02p yesterday despite its chairman Paul Pindar surviving a crunch vote to oust him. Lecram...

OnTheMarket has written to agents who backed the portal at its 2018 initial public offering to provide a “better outcome” if...

Purplebricks’ activist investor Lecram Holdings has warned shareholders can’t afford to wait ‘while the business runs out of money’ in a...

Purplebricks has written to shareholders urging them to reject “disruptive” resolutions calling for chairman Paul Pindar to be sacked and replaced...

Two Foxtons directors have vowed to stand down from the agent’s board following opposition to their re-election at the company’s annual...

Purplebricks has set a date for a crunch vote over the future of its chairman. It comes after shareholder Lecram Holdings used...

Activist investor Lecram Holdings has used its new 5.16% stake in Purplebricks to call for the beleaguered online agent to remove...

Challenger portal and property platform Boomin informed staff that it was calling in liquidators yesterday. As first reported by Sky News, the...

OnTheMarket (OTM) chief executive Jason Tebb has hailed securing new contracts with major agencies and revealed discussions are ongoing with more...

Estate Agent Today has been told that Lecram Holdings – the investment vehicle of Adam Smith which last week increased its...

The apparent battle for the future of beleaguered online agency brand Purplebricks took an interesting turn last week when activist investor...

HM Revenue & Customs (HMRC) recently published a list of firms that have received penalty notices for failure to meet their...

Double-think, for those who have not read George Orwell, is when people are expected to accept two conflicting beliefs as truth,...

Foxtons has announced the acquisition of two estate agents worth £10.55m. The listed agency giant has acquired IMM Properties Ltd, trading under...

OnTheMarket is seeking shareholder approval for a proposed cancellation of capital.  The portal said in a stockmarket update this morning that this...

One of estate agency’s biggest groups yesterday announced the start of a share buyback programme for a tranche of up to...

Purplebricks ended the trading day yesterday without being able to formally welcome its new chief executive but the markets appeared to...

Foxtons chief executive Nic Budden is to take up the work of the chief operating officer too. In a statement to shareholders...

Purplebricks say it’s going to complete its transformation from an agency using self-employed local operatives in the field, to having fully...

Purplebricks has announced that chief financial officer Stephen Long has been given a shares bonus as part of the company’s performance plan...

The Skipton Building Society, which owns Connells estate agency, says the house-selling arm helped it reach a record profit pre-tax profit...

A Canadian investment fund with a roughly two per cent share in Foxtons is arguing for the agency to be put...

The LSL Property Services group - which is increasingly focussing activities in the mortgage and personal finance world - has issued...

The Purplebricks share price remained relatively unchanged yesterday following the shock announcement that chief executive Vic Darvey was quitting the company...

High end estate agency Savills says the imposition of sanctions on Russians, amid new measures obliging overseas buyers to be more...

Purplebricks chief executive Vic Darvey has quit, citing “personal circumstances”.  He leaves at the end of this month with chief operating officer Helena...

Foxtons has this morning launched a £3m share buy back programme, representing a major windfall for its investors. A statement from the...

Foxtons has told shareholders that it has enjoyed "a good year of progress with revenues, profits and cash flow significantly ahead of...

OnTheMarket’s transformation into a “tech-enables property business across the broader property eco-system” is gathering pace according to the portal’s chief executive. In...

Housing market analyst and PropTech entrepreneur Anthony Codling says that the next few weeks will determine whether Boomin is the portal...

There’s been another large rise in fee earnings for Rightmove this morning, as the portal softens the blow by announcing a...

Rightmove - which issues its annual figures to shareholders later this week - has released a bullish snapshot of the housing...

Analysts are gearing up for the full year figures to be revealed by Rightmove to its shareholders at the end of...

Purplebricks is claiming that literally thousands of High Street agents from conventional bricks-and-mortar firms are applying to the agency. It says this...

New research suggests that the estate agency industry has bucked the nationwide trend of business liquidation that he plagued other sectors...

A former chief executive of OnTheMarket is now able to cash in shares worth some £92,000 in the latest part of...

OnTheMarket has this morning told shareholders that its performance is ahead of expectations and it's on course to make improved profits...

The name of Purplebricks - which once claimed its business model was a global success - has now been removed in...

Foxtons has this morning announced that it’s selling off the sales wing of a rival London agency that it bought just...

Winkworth has told its shareholders that it expects approaches from prospective franchisees to open new branches this year. In a trading statement...

Purplebricks has this morning said that a newspaper report over the weekend, claiming part of the business is to be sold...

Propertymark is to probe Purplebricks over its lettings fiasco - and as the agency becomes a subject of ridicule in the...

Purplebricks is delaying release of its half-year figures which were scheduled to be given to shareholders tomorrow. This follows revelations in the Daily...

Purplebricks chief marketing officer Ben Carter is quitting the company; he was appointed late last year. Carter tweeted this afternoon: “Some personal...

Let’s begin with total transparency from this author: I believe there’s a place for Build To Rent in the wider portfolio...

The Property Franchise Group, the agency industry’s largest franchise operation, has reported strong performance in recent months. Chief executive Gareth Samples has...

Purplebricks' share price tumbled a remarkable 34 per cent this morning when trading opened on the London Stock Exchange. The price crashed...

OnTheMarket has announced that it’s reducing the amount it’s paying for PropTech supplier Glanty. Glanty is best known for its lettings platform teclet,...

We’ve probably all learned to be a little less cynical about politicians in recent weeks, given the tragic events. We perhaps...

Foxtons has given an upbeat trading update to shareholders this morning. It says so far this year sales revenue is a huge...

Purplebricks has this morning announced that chief financial officer Andy Botha is quitting at the end of the month. In a terse...

OnTheMarket figures for the first half of this year show stronger revenue and improved profits. Agency numbers have increased modestly since January...

Controversial London agency Foxtons is to review its policy on top management bonuses. This follows a shareholder revolt at the agency's AGM...

Shareholders in Purplebricks have given overwhelming backing to the company’s remuneration policy - including substantial bonuses for senior executives which had...

New figures from HM Treasury have revealed that businesses, including a number of major agencies, have returned £1.3 billion in furlough...

Following speculation overnight, Foxtons - one of London's leading and most high-profile agencies - has this morning announced the appointment of Nigel Rich CBE...

Franchise giant Winkworth says it has backed the start up of a commercial company advising on investment in retail or business...

The Property Franchise Group - the UK's largest property franchisor, which owns EweMove and other brands - has acquired 80 per...