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![Share Price plummets after agency group’s profits warning](/upload/images/shutterstock_1677222151.jpg)
The share price of LSL Property Services dropped around 16 per cent at one point yesterday following a profits warning given...
08 August 2023
From: Breaking News
![Purplebricks, Liz Truss and George Orwell - double-think about it](/upload/images/Politics%20(MPs%2C%20party%20logos%2C%20etc)/LizTruss01-400x310.png)
Double-think, for those who have not read George Orwell, is when people are expected to accept two conflicting beliefs as truth,...
06 August 2022
From: Features
![Connells’ high end brand reports record trading year](/upload/images/Logos/ConnellsGroupWhiteLogo-400x310.jpg)
John D Wood - which along with Hamptons is regarded as the prime end of the suite of agency brands now...
31 March 2022
From: Breaking News
![Countrywide brands and branches critical to success of new owners](/upload/images/Logos/SkiptonBuildingsociety-logo400x310.png)
The Skipton Building Society, which owns Connells estate agency, says the house-selling arm helped it reach a record profit pre-tax profit...
21 March 2022
From: Breaking News
![Upbeat results from agency group despite forecast of transactions slump](/upload/images/library/PropertyTransactionsConcept-400x310.jpg)
The LSL Property Services group - which is increasingly focussing activities in the mortgage and personal finance world - has issued...
16 March 2022
From: Breaking News
![Can Purplebricks thrive with a CEO without agency experience?](/upload/images/library/Purplebricks-TeamGB-Board-400x310.jpg)
The Purplebricks share price remained relatively unchanged yesterday following the shock announcement that chief executive Vic Darvey was quitting the company...
11 March 2022
From: Breaking News
![Russian sanctions won’t hurt prime London claims high-end agent](/upload/images/library/London400x310.png)
High end estate agency Savills says the imposition of sanctions on Russians, amid new measures obliging overseas buyers to be more...
11 March 2022
From: Breaking News
![Foxtons says it’s delivered first phase of growth plan](/upload/images/library/Foxtons-logo400x310.png)
Foxtons has told shareholders that it has enjoyed "a good year of progress with revenues, profits and cash flow significantly ahead of...
02 March 2022
From: Breaking News
![OnTheMarket transformation is accelerating, claims CEO Tebb](/upload/images/library/OnTheMarket-2019Logo-400x310.jpg)
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...
01 March 2022
From: Breaking News
![Can Boomin be the portal to topple Rightmove? An analyst asks…](/upload/images/Logos/Boomin-Logo-400x310.jpg)
Housing market analyst and PropTech entrepreneur Anthony Codling says that the next few weeks will determine whether Boomin is the portal...
28 February 2022
From: Breaking News
![Rightmove reveals big rise in fee income and launches agency training initiative](/upload/images/Logos/RightmoveNewLogo2016-400x310.jpg)
There’s been another large rise in fee earnings for Rightmove this morning, as the portal softens the blow by announcing a...
25 February 2022
From: Breaking News
![Will Purplebricks quit stock market or 'do a Countrywide'?](/upload/images/library/Purplebricks-2019Logo-400x310.jpg)
Seven years after it launched on the London Stock Market, speculation continues that Purplebricks may be about to de-list and return...
15 February 2022
From: Breaking News
![Thousands of HIgh Street agents want to join Purplebricks - claim](/upload/images/Logos/PurplebricksLogo2020-400x310.jpg)
Purplebricks is claiming that literally thousands of High Street agents from conventional bricks-and-mortar firms are applying to the agency. It says this...
01 February 2022
From: Breaking News
![Outstanding year for EweMove hybrid agency as parent firm booms](/upload/images/library/EweMove-Logo-400x310.jpg)
Hybrid agency EweMove - which has a mix of working-from-home agents and High Street branches - has had an outstanding year...
01 February 2022
From: Breaking News
![Purplebricks admits uncertainty ahead after sharp drop in revenue](/upload/images/library/Purplebricks-2019Logo-400x310.jpg)
Purplebricks says there’s an uncertain period ahead following a sharp loss of revenue in the first half of its trading year. In...
31 January 2022
From: Breaking News
![Foxtons confirms sale move and reports big rise in revenue](/upload/images/library/Foxtons-logo400x310.png)
Foxtons has confirmed its intention to sell the sales side of Douglas & Gordon, the London agency chain it acquired only...
27 January 2022
From: Breaking News
![Market Boom - Big revenue rise for LSL despite conveyancing delays](/upload/images/library/Conveyancing400x310.png)
A trading statement this morning confirms a large revenue rise for LSL Property Services. Group revenue increased by around 23 per cent last...
27 January 2022
From: Breaking News
![OnTheMarket predicts improved profits after strong year](/upload/images/Logos/OnTheMarketLogo-New-2022-400x310.jpg)
OnTheMarket has this morning told shareholders that its performance is ahead of expectations and it's on course to make improved profits...
21 January 2022
From: Breaking News
![Major agency expects approaches from franchisees this year](/upload/images/library/Winkworth-logo400x310.png)
Winkworth has told its shareholders that it expects approaches from prospective franchisees to open new branches this year. In a trading statement...
12 January 2022
From: Breaking News
![Share Crash - Purplebricks hits all-time low after deposit fiasco](/upload/images/Logos/Purplebricks-2019Logo-400x310.jpg)
Purplebricks’ share price has hit its lowest-ever level following the postponement of a trading statement after the company admitted a blunder...
14 December 2021
From: Breaking News
![At least eight new offices to open in 2022, pledges franchise network](/upload/images/Logos/Winkworth-logo400x310.png)
Franchise giant Winkworth says at least eight new offices will open next year, following an upbeat performance in 2021. In a trading...
12 November 2021
From: Breaking News
![Business boost for EweMove, Martin & Co and other TPFG brands](/upload/images/Logos/PropertyFranch-2018-Logo-400x310.jpg)
The Property Franchise Group, the agency industry’s largest franchise operation, has reported strong performance in recent months. Chief executive Gareth Samples has...
05 November 2021
From: Breaking News
![Purplebricks share price crashes after huge business slump](/upload/images/library/Purplebricks-2019Logo-400x310.jpg)
Purplebricks' share price tumbled a remarkable 34 per cent this morning when trading opened on the London Stock Exchange. The price crashed...
04 November 2021
From: Breaking News
![Leading agency refunds all Covid salary cuts plus furlough funds](/upload/images/library/Knight-Frank-logo400x310.png)
Knight Frank has reported a record pre-tax profit and has reimbursed staff who sacrificed some salaries during the pandemic. The agency - which has...
01 November 2021
From: Breaking News
![Foxtons gives upbeat update on sales and lettings](/upload/images/library/FoxtonsBoards-400x310.jpg)
Foxtons has given an upbeat trading update to shareholders this morning. It says so far this year sales revenue is a huge...
28 October 2021
From: Breaking News
![OnTheMarket posts strong results as agents move to full-fee contracts](/upload/images/Logos/OnTheMarketLogo-New-2022-400x310.jpg)
OnTheMarket figures for the first half of this year show stronger revenue and improved profits. Agency numbers have increased modestly since January...
12 October 2021
From: Breaking News
![Agency backs business advising on shop-to-resi conversions](/upload/images/Logos/Winkworth-logo400x310.png)
Franchise giant Winkworth says it has backed the start up of a commercial company advising on investment in retail or business...
09 September 2021
From: Breaking News
![Purplebricks admits short term disruption but CEO makes pay pledge](/upload/images/library/Purplebricks-TeamGB-Board-400x310.jpg)
The chief executive of Purplebricks says he wants to move his agency’s 600 Local Property Experts from self-employed to employed status...
10 August 2021
From: Breaking News
![Purplebricks ends self-employed agent service and goes “fully employed”](/upload/images/library/Purplebricks-2019Logo-400x310.jpg)
Purplebricks has this morning confirmed that it’s ending its self-employed Local Property Experts operation and is moving to “a fully employed model...
10 August 2021
From: Breaking News
![Leap in house sales income for Savills as Covid bounce back continues](/upload/images/library/PropertiesSold-400x310.jpg)
Savills has reported a bounce back after the Covid-hit performance in 2020. The agency has substantial overseas and commercial property and consultancy...
05 August 2021
From: Breaking News
![Young agent “off to a flier” and expands with new branches](/upload/images/library/EweMove-Logo-400x310.jpg)
A young franchisee with hybrid agency EweMove is expanding into another area just over nine months since launching his agency. Chris Wells,...
05 August 2021
From: Breaking News
![Taylor Wimpey profits over twice sum spent on cladding safety work](/upload/images/library/CladdingScandal3-400x310.png)
Volume house builder Taylor Wimpey has announced a pre-tax profit for the first half of this year of £287.5m - and...
05 August 2021
From: Breaking News
![Franchise agency shows startling growth from property, financial services](/upload/images/library/BelvoirNEWESTLogo400x310.jpg)
Belvoir has issued another upbeat trading report, saying its revenue for the first six months of the year is up 53...
03 August 2021
From: Breaking News
![Agents’ fees to Rightmove soar as portal enjoys record performance](/upload/images/Logos/RightmoveNewLogo2016-400x310.jpg)
Rightmove has reported a dramatic bounce back in its fortunes - and it’s making more money from agents even than before...
30 July 2021
From: Breaking News
![EweMove on track to double in size by the end of next year](/upload/images/Logos/EweMove-Logo-400x310.jpg)
Hybrid agency EweMove has continued growing with the sale of 37 new territories in the first six months of the year...
30 July 2021
From: Breaking News
![Purplebricks to offer money-back guarantee if homes don’t sell](/img/default/eat.png)
Purplebricks has addressed its critics on house sales by pledging to return vendors’ upfront fees if the agency fails to find...
06 July 2021
From: Breaking News
![Purplebricks to reveal new pricing after two years of trials](/img/default/eat.png)
Purplebricks will this week reveal the result of almost two years of trials into a new pricing structure. The details will come...
05 July 2021
From: Breaking News
![Dramatic slump in instructions for Purplebricks, according to data](/img/default/eat.png)
There’s been a dramatic slump in instructions for online agencies, particularly Purplebricks, according to data produced by one online firm itself. 99Home...
24 June 2021
From: Breaking News
![Hybrid agency promises to double in size within 18 months](/img/default/eat.png)
EweMove, the high profile hybrid estate agency owned by The Property Franchise Group, says it has recruited a record 30 new...
16 June 2021
From: Breaking News
![OnTheMarket in stock market bid to woo new investors](/img/default/eat.png)
OnTheMarket, which a few days ago indicated it was in profit for the first time, is to woo potential new investors...
15 June 2021
From: Breaking News
![OnTheMarket success: agency numbers up, in profit, repays furlough](/img/default/eat.png)
OnTheMarket’s new chief executive has posted his first full year’s trading figures - and they suggest the portal is making progress...
08 June 2021
From: Breaking News
![Foxtons reveals big sales leap - and ignores investor criticism](/img/default/eat.png)
In a trading statement this morning Foxtons has revealed that following a 49 per cent increase in sales revenue in the...
03 June 2021
From: Breaking News
![Top Agency’s New Idea - selling houses is NOT the top priority](/img/default/eat.png)
Britain’s second largest estate agency has outlined radical new plans to shift direction, making financial services and not sales or rentals...
29 April 2021
From: Breaking News
![Hybrid EweMove booming with sales and pipeline soaring](/img/default/eat.png)
The Property Franchise Group’s hybrid agency EweMove more than doubled its income in 2020 to £5m, according to a statement to...
28 April 2021
From: Breaking News
![Increased focus on financial services helps LSL’s strong figures](/img/default/eat.png)
An increased focus on the provision of financial services has helped boost the trading figures released today by LSL Property Services,...
28 April 2021
From: Breaking News
![Agency plans five new offices a year despite profit slump](/img/default/eat.png)
Winkworth says Covid and its aftermath will not derail plans to open five offices a year. In a trading statement to shareholders...
09 April 2021
From: Breaking News
![Should Foxtons repay its furlough money?](/img/default/eat.png)
Pressure is building on London agency Foxtons to repay its furlough funding. The company issued an upbeat trading statement on Wednesday; while...
12 March 2021
From: Breaking News
![Foxtons set for more takeovers and new tech investment in data](/img/default/eat.png)
Foxtons says it's set for radical new investment and further takeovers following the acquisition of rival London agency Douglas and Gordon. In...
10 March 2021
From: Breaking News
![Foxtons buys major rival agency - both continue as separate brands](/img/default/eat.png)
It's been confirmed that Foxtons has bought rival London-focussed agency Douglas & Gordon. In a trading statement this morning Foxtons tells its...
02 March 2021
From: Breaking News
![Rightmove reveals how much money it makes from agents](/img/default/eat.png)
Rightmove has revealed its figures for the full year 2020 - down in terms of profit and revenue because of the impact...
26 February 2021
From: Breaking News
![Connells says it's UK's leading agency even before Countrywide acquisition](/img/default/eat.png)
Connells Group says it is the UK's largest estate agency group by market share - and that's before the Countrywide acquisition...
24 February 2021
From: Breaking News
![OnTheMarket to boost investment in new products](/img/default/eat.png)
OnTheMarket says it’s going to increase investment in new products and services, and invest further in ‘internal website development resources’. In a...
23 February 2021
From: Breaking News
![Pipeline surge not enough to stop Your Move/Reeds Rains revenue drop](/img/default/eat.png)
Revenues for LSL Property Services - owner of Your Move and Reeds Rains - dropped last year by 15 per cent. Although...
18 January 2021
From: Breaking News
![Housing market rebound will depend on vaccine speed and success](/img/default/eat.png)
The speed and success of the Coronavirus vaccine programme holds the key to the housing market rebounding in the second half...
15 January 2021
From: Breaking News
![Yes Purplebricks - but how many homes do you actually SELL?](/img/default/eat.png)
Mystery still surrounds the number of homes actually sold by Purplebricks, despite upbeat statements regarding the number of instructions it wins. The...
16 December 2020
From: Breaking News
![Purplebricks to test new pricing models next year](/img/default/eat.png)
Purplebricks says it’s to continue to test new pricing models next year - and has not ruled out completely moving away...
15 December 2020
From: Breaking News
![Branch closures and Covid lead to big LSL revenue slump](/img/default/eat.png)
Revenues have slumped by 18 per cent at LSL Property Services, the corporate which boasts Your Move and Reeds Rains and...
14 December 2020
From: Breaking News
![Foxtons reports improved sales performance this autumn](/img/default/eat.png)
Foxtons has this morning reported to shareholders that its sales revenue has improved - although both mortgage and lettings revenue have...
11 December 2020
From: Breaking News
![Countrywide shares soar as company urges investors to sit tight](/img/default/eat.png)
The saga over the future of Countrywide continues with the company urging its shareholders to take “no action” over the latest...
08 December 2020
From: Breaking News
![Connells makes increased offer for Countrywide](/img/default/eat.png)
Connells has this morning made a dramatic improvement in its bid to takeover Countrywide. It has increased its cash offer from 250p...
07 December 2020
From: Breaking News
![Another 300+ branches list on Boomin as it signs major agency](/img/default/eat.png)
Belvoir has become the latest major agency group to sign up to Boomin as a founder agent. The properties of all four...
03 December 2020
From: Breaking News
![Countrywide's future uncertain as shareholders reject Connells bid](/img/default/eat.png)
Countrywide has this morning rejected an £80m offer made for it by Connells Group. On November 23 Connells announced that its due...
02 December 2020
From: Breaking News
![“Knackered” Countrywide suffers media onslaught](/img/default/eat.png)
Criticism of the management of Countrywide has reached new levels of derision as the mainstream media have attacked the chaos surrounding...
27 November 2020
From: Breaking News
![Countrywide senior management in shock decision to quit the company](/img/default/eat.png)
A statement this morning from Countrywide's board says both its executive chairman and its group managing director are leaving the company. It...
24 November 2020
From: Breaking News
![Countrywide faces multiple risks if it doesn’t sell to Connells - claim](/img/default/eat.png)
Connells has increased the temperature in its bid for Countrywide with a surprise statement this morning outlining risks run by Countrywide if...
23 November 2020
From: Breaking News
![Countrywide shares soar despite more branch closures](/img/default/eat.png)
Countrywide shares soared yesterday, rising 47 per cent on the previous close at one point as investors relished the prospect of...
10 November 2020
From: Breaking News
![Foxtons’ management bonuses stay after ‘voting problem’ revealed](/img/default/eat.png)
Foxtons has announced that its remuneration policy for senior management is to stay unchanged - and it says a voting problem...
09 November 2020
From: Breaking News
![Furlough pay-back: Agency in talks with HMRC](/img/default/eat.png)
Knight Frank is in talks with HM Revenue and Customs to return furlough money as a result of relatively strong trading, notwithstanding...
03 November 2020
From: Breaking News
![Purplebricks delays fees re-structuring again](/img/default/eat.png)
Purplebricks has issued a statement to its shareholders saying it’s ‘never been more relevant’. However, the expected radical change to its fees structure appears...
02 November 2020
From: Breaking News
![Boost for Foxtons as sales improve - but revenue still down on 2019](/img/default/eat.png)
A trading statement from Foxtons this morning provides a rare piece of good news for the troubled London agency. It says business...
29 October 2020
From: Breaking News
![Countrywide gets £90m lifeline and top management clear-out](/img/default/eat.png)
The troubled Countrywide group has announced a £90m investment by Alchemy Partners, a private equity company that specialises in investing in...
22 October 2020
From: Breaking News
![Marketing shift for OnTheMarket towards more social media](/img/default/eat.png)
OnTheMarket’s acting chief executive says the portal will embrace more social media and innovative marketing strategies in the coming period. Yesterday the...
14 October 2020
From: Breaking News
![Big revenue rise for OnTheMarket but agent numbers stalling](/img/default/eat.png)
OnTheMarket’s latest trading update shows a significant rise in revenue but agency branch membership numbers stalling. Revenue was up 28 per cent...
13 October 2020
From: Breaking News
![OnTheMarket's next trading statement expected next Tuesday](/img/default/eat.png)
OnTheMarket says it’s going to issue its next trading statement one week today on October 13. This will cover the first six...
06 October 2020
From: Breaking News
![Say No To Rightmove lead agency now listing on Zoopla](/img/default/eat.png)
The agency leading the Say No To Rightmove campaign has returned all of its offices and brands to Zoopla. The Acorn Group,...
02 October 2020
From: Breaking News
![Redundancies, PropTech and furlough cash help Hunters recover](/img/default/eat.png)
Franchise network Hunters has recorded strong figures for the first half of 2020 but a trading statement reveals the measures it...
30 September 2020
From: Breaking News
![Record leads for OnTheMarket driven by ‘New & Exclusive’](/img/default/eat.png)
OnTheMarket has this morning announced record leads during August, beating July’s previous record. The portal generated over two million leads in August, an...
10 September 2020
From: Breaking News
![Hybrid agency outpaces High Street brands, company results show](/img/default/eat.png)
Hybrid agency EweMove has outperformed its traditional sister companies within The Property Franchise Group over the past six months. That’s the clear...
09 September 2020
From: Breaking News
![Purplebricks bonus bonanza despite anti-money laundering blunder](/img/default/eat.png)
If anyone thought the days of Purplebricks bosses making millions were in the past, think again. The chief executive and chief finance...
18 August 2020
From: Breaking News
![The agency that stood by its staff even as profits tumbled](/img/default/eat.png)
Connells Group has announced its trading statement for the first half of 2020 - and its support for its staff is...
12 August 2020
From: Breaking News
![Purplebricks still too risky an investment, warns expert](/img/default/eat.png)
An investment adviser says Purplebricks remains “far too risky” for investors even though it now has “a fighting chance of survival”. Rodney...
10 August 2020
From: Breaking News
![Rightmove has nothing to fear but Rightmove itself](/img/default/eat.png)
It must have been a close thing on Friday as to whose faces were looking the most glum - those at...
08 August 2020
From: Features
![Agents stay loyal to Rightmove but it suffers revenue and profits dive](/img/default/eat.png)
Almost all estate agents are still saying Yes to Rightmove, according to figures produced by the portal this morning. Membership numbers for...
07 August 2020
From: Breaking News
![High-end agency latest to report slump in revenue and profits](/img/default/eat.png)
The UK residential activities of high-end agency Savills suffered a 54 per cent reduction in profits and an eight per cent...
07 August 2020
From: Breaking News
![Top agency group “increasingly optimistic” about market despite Covid](/img/default/eat.png)
The chairman of LSL Property Services - Simon Embley - says he is “increasingly optimistic” about the outlook for the market,...
05 August 2020
From: Breaking News
![Purplebricks delays changes to fees structure until the autumn](/img/default/eat.png)
Purplebricks says changes to its fees structure - possibly becoming less reliant on controversial upfront charges - has been delayed until...
03 August 2020
From: Breaking News
![New Purplebricks board member is one of world’s top digital execs](/img/default/eat.png)
Purplebricks has revealed that its new board member is one of the world’s leading digital executives. Dr Stephanie Caspar is the new...
29 July 2020
From: Breaking News
![Foxtons claims over £4m of government help - trading statement](/img/default/eat.png)
A trading statement from Foxtons this morning reveals that 85 per cent of staff are now off furlough, and that the...
28 July 2020
From: Breaking News
![Hybrid EweMove outshines traditional agencies, suggests parent firm](/img/default/eat.png)
The EweMove hybrid agency has been singled out for special praise in a trading statement from its parent company, which also...
24 July 2020
From: Breaking News
![New Purplebricks fees structure likely to be revealed next month](/img/default/eat.png)
It is widely expected that Purplebricks will shortly reveal the result of an experiment with a number of different pricing strategies. The...
23 July 2020
From: Breaking News
![Purplebricks sells its Canadian business for £35m](/img/default/eat.png)
Purplebricks is selling its Canadian business. The sale comes little over a year after the troubled agency closed both its failed Australian and...
15 July 2020
From: Breaking News
![Purplebricks director stands down after two years](/img/default/eat.png)
One of the key members of the Purplebricks board has stood down after two years. Andreas Wiele joined the Purplebricks board in...
30 June 2020
From: Breaking News
![Countrywide loses 30% of income thanks to lockdown](/img/default/eat.png)
Countrywide has released details of its trading performance, including the knock its income has received as a result of the housing...
26 June 2020
From: Breaking News
![Management pay cuts and furlough returns revealed by high-end agency](/img/default/eat.png)
Savills has revealed the measures it has taken to mitigate the impact of the Coronavirus on its activities and balance sheet. The...
26 June 2020
From: Breaking News
![Franchise group revenue hit by 20% because of virus lockdown](/img/default/eat.png)
Revenue for The Property Franchise Group was hit by 20 per cent cent thanks for the lockdown - but sales listings...
26 June 2020
From: Breaking News
![9,000 branches on paying contracts with OnTheMarket, portal says](/img/default/eat.png)
OnTheMarket says in a trading statement this morning that as of May 31 only some 9,000 branches were on paying contracts...
11 June 2020
From: Breaking News
![LSL bring staff back off furlough as board takes one third pay cut](/img/default/eat.png)
LSL Property Services has this morning released details of its response to the Coronavirus crisis. All members of its board have taken...
05 June 2020
From: Breaking News
![OnTheMarket names the day for reporting accounts and members](/img/default/eat.png)
OnTheMarket is to issue its annual figures next Thursday, June 11. The report only covers the portal company’s financial year which ended...