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KEYWORD "Trading Statement" - 207 RESULTS
Winkworth sales dip but new franchisees knocking on the door

Winkworth’s trading statement for the first half of 2019 show the company’s revenue and pre-tax profit both dipping slightly - but...

12 September 2019

From: Breaking News

New blow for Purplebricks as City expert claims it's grossly over-valued

Purplebricks’ recent strong share price rise is not a good sign for the agency but an indication that it may be...

10 September 2019

From: Breaking News

Hunters branch network hits 200 with emphasis on IT and local expertise

Franchise giant Hunters says its branch network has now hit 200 following a spate of acquisitions in the first half of...

06 September 2019

From: Breaking News

Speculation grows about Yopa’s future as LSL chief quits board

Speculation is growing about the future of online agency Yopa. This follows a key resignation from Yopa’s board and one expert’s analysis...

22 August 2019

From: Breaking News

Countrywide takeover? Mystery firm considering a move, says report

A media report suggests a mystery ‘predator’ is attempting to acquire Countrywide.  The Daily Mail this morning, quoting unnamed “City sources,” says a...

19 August 2019

From: Breaking News

Countrywide insider claims up to 250 branches may have closed

Countrywide’s branch closure programme, shrouded in secrecy even to shareholders, may have involved shutting 250 offices according to an insider. The individual...

14 August 2019

From: Breaking News

The week’s biggest property story - and you probably missed it

I missed the biggest property story of the week and it’s only scant consolation that almost everyone else seemed to miss it...

03 August 2019

From: Features

Ex-Countrywide complainers ‘betray those who stayed loyal’ - claim

Former Countrywide employees who take to social media or the mainstream press to criticise the company are betraying those who remained...

02 August 2019

From: Breaking News

Connells repeats claim to be UK's most successful estate agency

Connells Group has repeated its claim, made in recent months in the light of trading figures, that it is now the...

02 August 2019

From: Breaking News

Countrywide branch closure programme explained - but no figures

Countrywide has told Estate Agent Today that it will not be releasing any figures on the branch closure programme it introduced...

01 August 2019

From: Breaking News

EweMove bucks downward hybrid trend by increasing revenue

After months of difficulties and closures for many online and hybrid estate agencies, EweMove claims to have bucked the trend. In a...

01 August 2019

From: Breaking News

Countrywide wins new deal with lenders to continue ‘turnaround plan’

In a trading statement this morning, Countrywide says it has “a new covenant package with lenders provides the financial flexibility to...

31 July 2019

From: Breaking News

Connells says it's UK's most successful estate agent despite profits dip

Connells Group has this morning announced a profits dip for the first six months of the year.  Its pre-tax profits were £26.2m...

31 July 2019

From: Breaking News

OnTheMarket boss tells agents not to increase Rightmove exec bonuses

A note sent out by OnTheMarket chief executive Ian Springett has suggested that the way estate agents work may directly lead...

30 July 2019

From: Breaking News

Branch closures boost profits at Your Move and Reeds Rains

LSL Property Services, parent firm of Your Move and Reeds Rains, says the company’s branch closure programme was a success with profits...

30 July 2019

From: Breaking News

Rightmove: agency numbers fall 3% but profits and revenue soar 10%

Rightmove’s half year figures this morning continue to show strong growth in profits and revenue - but there are the first...

26 July 2019

From: Breaking News

Foxtons sales slump another 10% as agency says ‘lettings are our priority’

Foxtons’ sales slumped another 10 per cent and its total revenue dropped another 3.5 per cent according to figures released this...

26 July 2019

From: Breaking News

OnTheMarket AGM today expected to hear latest conversion figures

Shareholders at today’s annual general meeting of OnTheMarket will hear the latest conversion figures showing how many agents on free or...

16 July 2019

From: Breaking News

Countrywide sets next key progress date following minor share recovery

The next key date to measure the progress of Countrywide’s controversial Back To Basics programme is at the end of this...

11 July 2019

From: Breaking News

Hybrid sector could reach 20-30% market share, says Purplebricks CEO

The new chief executive of Purplebricks believes hybrid agents could win '20-30% market share' in the UK. Vic Darvey, who replaced Michael...

04 July 2019

From: Breaking News

OnTheMarket says rivals may interfere with its bid to get agents to pay

OnTheMarket chief executive Ian Springett says rival portals may want to “interfere” with his aim of converting agency members from free...

18 June 2019

From: Breaking News

OnTheMarket converts just 1,000 branches from free to paid deals

Figures released from OnTheMarket this morning suggest that its conversion programme for agents shifting from free deals to paid membership is...

13 June 2019

From: Breaking News

Purplebricks names July date to reveal company performance

Purplebricks has announced that it is to give a trading update and the result of its review of its US activities on...

05 June 2019

From: Breaking News

Purplebricks share price rises on news of big new German investment

Purplebricks share price has risen over 10 per cent - at least temporarily - on news of a major expansion of...

03 June 2019

From: Breaking News

Fury at Foxtons: Investor revolt at ‘fat cat’ bonuses, finance chief goes

The Annual General Meeting of Foxtons shareholders in London has seen a dramatic rebellion against bonuses for senior management. There were 14 resolutions put...

21 May 2019

From: Breaking News

Purplebricks share price drops again as it ponders different scenarios for US

Purplebricks, which recently admitted that it had been over-ambitious in its overseas expansion, says it will give “a further update” on...

21 May 2019

From: Breaking News

Industry veteran becomes chair of franchise giant as founder retires

The founder of franchise giant Belvoir, Mike Goddard, has now stepped down as chair of the company, two years after quitting...

17 May 2019

From: Breaking News

Michael Bruce leaves Purplebricks and company shuts Australian business

In a shock announcement Purplebricks says founder Michael Bruce is to leave the business and its Australian operation will shut. “With hindsight, our rate of...

07 May 2019

From: Breaking News

Countrywide: another day, another record low share price

Countrywide’s share price woes continued yesterday with another new low being reached in early morning trading. A low of 6.5p at close...

02 May 2019

From: Breaking News

Countrywide income falls again -  but LSL restructuring 'showing results'

Countrywide has this morning revealed that group income is down yet again - it blames continuing Brexit-related problems. It says: “The ongoing...

30 April 2019

From: Breaking News

OnTheMarket offering more shares to long-term agency sign-ups

OnTheMarket has applied to the London Stock Exchange for the release of over 528,000 new shares to agents who have signed...

30 April 2019

From: Breaking News

EweMove in profit as Property Franchise Group reports solid figures

Hybrid estate agency has reported a modest pre-tax profit of some £400,000 as part of the 2018 results of its parent...

09 April 2019

From: Breaking News

Another top agency’s sales down in Brexit’s “low transactional market”

Winkworth’s latest trading statement reveals that while its rental side blossomed, sales suffered thanks to the familiar cocktail of Brexit, uncertainty...

04 April 2019

From: Breaking News

OnTheMarket issues shares to agents signing long-term deals

OnTheMarket has applied to the London Stock Exchange for the release of shares to agents signing long term deals with the...

02 April 2019

From: Breaking News

Savills claims online firm Yopa ‘is UK’s sixth biggest estate agency’

Savills has this morning talked up its investment in onliner Yopa, which it claims is the sixth largest estate agency in...

14 March 2019

From: Breaking News

Two agencies defy London market by opening new offices

Family-run Chelsea agency Russell Simpson is marking 40 years of business by expanding for the first time in its history, opening...

13 March 2019

From: Breaking News

Countrywide chiefs tell EAT: Sales hit by Brexit but we're ready for Fees Ban

Countrywide’s executive chairman and group managing director have spoken to Estate Agent Today about the impact of Brexit on the company,...

07 March 2019

From: Breaking News

LSL writes down value of Yopa stake as it pins faith in High Street branches

LSL Property Services, the parent company of Your Move and Reeds Rains, has substantially 'written down' its investment in online estate...

05 March 2019

From: Breaking News

Rightmove average charges top £1,000 a month as revenue and profits soar

Rightmove has this morning given its 2018 report to shareholders, laying bare the huge financial wealth of the company which dominates...

01 March 2019

From: Breaking News

Foxtons rules out new branch closures but suffers huge fall in transactions

Foxtons has ruled out further branch closures as it continues to struggle against what it calls “the continued weakness” of the...

28 February 2019

From: Breaking News

PropTech is the way to safeguard High Street branches - Connells

Connells Group says investment in PropTech will be the way to safeguard its almost-600 High Street branches - and it’s repeated...

28 February 2019

From: Breaking News

Purplebricks could be bought by High Street agent, says client developer

The chief executive and founder of a developer and property investment group says Purplebricks is “an excellent business” but its recent...

27 February 2019

From: Breaking News

Commisery and gloating - industry reaction to Purplebricks share crash

Purplebricks’ eye-watering share price fall yesterday was greeted with widespread satisfaction by property professionals outside the online sector. The agency’s share price...

22 February 2019

From: Breaking News

Purplebricks in trouble? UK chief quits and warning about overseas expansion

Purplebricks has this morning warned investors its foreign activities are not going as well as predicted - although it insists it is...

21 February 2019

From: Breaking News

Is Savills about to be snapped up by US real estate company?

The Daily Telegraph has gone public with City speculation that Chicago-based real estate consultancy JLL may be interested in buying Savills. Both...

15 February 2019

From: Breaking News

Countrywide sales slump again but company hails resilient performance

A trading statement this morning from beleaguered agency group Countrywide reveals that its revenue is down again - but it insists...

13 February 2019

From: Breaking News

OnTheMarket listings now 80 per cent of Zoopla, 60 per cent of Rightmove

New figures released this morning from OnTheMarket claim its listing inventory bis now over 80 per cent of the size of...

06 February 2019

From: Breaking News

No Sale, No Fee - how EweMove bucked the online sector's stagnation

The Property Franchise Group says its online/hybrid agency EweMove traded profitably throughout  last year and will show “a significant improvement” over...

06 February 2019

From: Breaking News

OnTheMarket reaches 12,500 agency branches after sustained marketing

OnTheMarket says it now has listings agreements with more than 12,500 estate and lettings agency branches. In a statement to shareholders and...

05 February 2019

From: Breaking News

Foxtons sales plummet but lettings keep it above water

Foxtons has reported further small slides in both revenue and profits for 2018 - but sales income plummeted from £43m to...

31 January 2019

From: Breaking News

Four new branches for franchise agency as it releases strong figures

Franchise giant Hunters, which started 2019 by announcing two new branches, is to open another four next month after an upbeat...

31 January 2019

From: Breaking News

LSL delivers upbeat figures despite Brexit-fuelled caution over 2019

LSL Property Services - parent company of Your Move, Reeds Rains and London agency Marsh & Parsons - has given a...

22 January 2019

From: Breaking News

Savills grows market share but warns Brexit will hit 2019 performance

Savills’ residential business grew market share last year in the UK despite what it calls “challenging conditions.” In a trading statement to...

16 January 2019

From: Breaking News

Purplebricks: huge revenue growth plus £100m for “relentless innovation”

Purplebricks says it has £100m net cash to exercise “relentless innovation” and benefit from an industry shake-out that will ”expose undercapitalised traditional...

13 December 2018

From: Breaking News

Agency group beefs up mortgage side with £3.6m acquisition

Belvoir has this morning announced that it has acquired MAB Glos, part of the Mortgage Advice Bureau.  The £3.6m deal, done through...

27 November 2018

From: Breaking News

12-branch independent signs with OnTheMarket as portal returns to court

East Midlands estate and lettings agency Jackson Grundy has signed up to OnTheMarket. The firm, with its Northampton headquarters, has 10 sales...

27 November 2018

From: Breaking News

Foxtons confirms six branch closures - but says no more to come

Foxtons has this morning confirmed that it has now closed six branches. There was high-level publicity given to the closure of its...

13 November 2018

From: Breaking News

Purplebricks claims 20% revenue growth despite “online shake out”

Purplebricks says it has seen year-on-year revenue growth of about 20 per cent despite what its chairman calls “a challenging UK...

06 November 2018

From: Breaking News

Countrywide reveals progress on Back To Basics turnaround

Countrywide has given Estate Agent Today exclusive details of progress on its Back To Basics programme as it seeks to recover...

31 October 2018

From: Breaking News

OnTheMarket 'not profitable until 2021, but share price could rise 35%'

One of the brokers working with OnTheMarket says the portal will not be profitable until 2021, but predicts that its target...

12 October 2018

From: Breaking News

OnTheMarket figures reveal staff growth and 'New & Exclusive' emphasis

OnTheMarket’s trading figures for the six months to the end of July show, as predicted, losses while the company is building...

11 October 2018

From: Breaking News

Shock as Foxtons announces closure of flagship Park Lane office

Foxtons is shutting its Park Lane office - the flagship of the agency in prime central London’s Mayfair. Estate Agent Today was...

08 October 2018

From: Breaking News

Franchise applicants rush to Winkworth despite Brexit hitting market

The number of new franchise applicants reported by Winkworth in the first half of the year rocketed 135 per cent -...

13 September 2018

From: Breaking News

EweMove claims it's UK's fifth largest online agency - and is in profit

EweMove is the country’s fifth largest online agency group based on transactions, and continues to make a profit according to its owner,...

12 September 2018

From: Breaking News

Countrywide shares hit all-time low despite funding go-ahead

Countrywide may have enjoyed the overwhelming support of its major institutional shareholders for its controversial rescue plan, but the wider financial...

29 August 2018

From: Breaking News

Countrywide management backed by shareholders in bid for new funds

Countrywide’s embattled management leaders have been overwhelmingly backed by shareholders in their bid for additional funding. A General Meeting of shareholders was held...

28 August 2018

From: Breaking News

£20m cash boost for Yopa from big-name investors

Yopa, which says it is the second largest hybrid agency when measured by listings, has received a major new £20m investment. Savills -...

28 August 2018

From: Breaking News

Countrywide General Meeting today set to endorse rescue plan

Countrywide’s eagerly-awaited General Meeting for shareholders takes place today and is widely expected to back the ailing agency group’s controversial rescue...

28 August 2018

From: Breaking News

Countrywide passes latest fund-raising test despite falling short

In yet another statement to the London Stock Exchange and shareholders, Countrywide says its last-gasp £140m fund-raising is likely to be...

21 August 2018

From: Breaking News

Countrywide fat cats: crunch day for agency group's rescue deal

Today sees the first of a series of important deadlines which will determine the success of otherwise of Countrywide’s controversial rescue...

17 August 2018

From: Breaking News

Countrywide: could it really be snapped up by Foxtons or Connells?

Rumours abound over the future of Countrywide, which lost further share value on Friday, closing very slightly down on the day...

13 August 2018

From: Breaking News

More trouble for Countrywide as bank slashes key 'target price'

The Swiss investment bank Credit Suisse has slashed its target share price for the company from 77p to only 17.2p.  The reason...

09 August 2018

From: Breaking News

Savills posts good UK residential performance but warns on Brexit

High-end agency and international property consultancy Savills has reported strong half-year figures for its UK business - but warns that Brexit...

09 August 2018

From: Breaking News

OnTheMarket signs up 12-branch regional agency

OnTheMarket has signed up 12-office regional agency Robert Oulsnam and Company.  The firm, which handles sales and lettings, has 12 offices in...

08 August 2018

From: Breaking News

Countrywide bosses blasted  over ‘unequal’ rescue plan

Countrywide is under fire again over the controversial rescue plan it announced last week. On Friday the troubled agency group’s share price -...

06 August 2018

From: Breaking News

Countrywide is in the last-chance saloon say its own advisers

Small print in the Countrywide rescue plan announced yesterday spells out in stark terms what could happen if the company’s bid...

03 August 2018

From: Breaking News

Countrywide share price plummets after rescue plan announcement

Countrywide's share price has dropped sharply following the announcement of the company's rescue plan - but the firm itself says this...

02 August 2018

From: Breaking News

Exclusive: estate agencies closing - data shows how many and where

Data prepared for the BBC and shared with Estate Agent Today gives a snapshot of how estate agencies, lettings agencies and...

01 August 2018

From: Breaking News

Countrywide 'failed in fund-raising effort earlier this year' - FT

The Financial Times this morning says that Countrywide suffered a failed bond issue earlier this year, forcing it to rely on...

01 August 2018

From: Breaking News

EweMove still in profit as The Property Franchise Group reports growth

A trading statement this morning from The Property Franchise Group says its online brand, EweMove, is still trading profitably - and...

01 August 2018

From: Breaking News

Connells Group pre-tax profits dip, blaming difficult market conditions

Connells Group - which now says it’s the country’s largest estate agency by market share and numbers of homes sold -...

01 August 2018

From: Breaking News

Foxtons' swashbuckling days are over - analyst predicts big cuts

An analyst for business data consultancy Bloomberg has some news for Foxtons - he says its swashbuckling days are over and...

01 August 2018

From: Breaking News

Rightmove - can it remain profitable in the long term?

As if to prove there are two ways to interpret every figure, a new analysis of Rightmove’s recent trading statement suggests...

31 July 2018

From: Breaking News

Your Move parent firm sees 11% sales slump but good lettings performance

The parent company of Your Move, Reeds Rains and other agency brands has succeeded where Foxtons yesterday did not - in...

31 July 2018

From: Breaking News

Foxtons suffers another profits dive after 23% slump in sales income

Foxtons has suffered a massive 23 per cent drop in sales income and a nine per cent drop in overall company...

30 July 2018

From: Breaking News

Agency branches spend almost £1,000 per month on average on Rightmove

‘Up’ is the key word in Rightmove’s figures for the first half of 2018, released to the City and to shareholders...

27 July 2018

From: Breaking News

OnTheMarket warns charges will rise as it hits 10,000 branch mark

OnTheMarket has now signed listing agreements with UK estate and letting agents with a total of over 10,000 offices - but...

26 July 2018

From: Breaking News

Countrywide delays publishing figures as search for funds goes on

Countrywide, the troubled estate agency group thought by some to be near collapse, has delayed issuing its interim figures which were...

24 July 2018

From: Breaking News

Doubt over Countrywide rights issue as Purplebricks wins price boost

It’s being suggested that Countrywide’s rights issue, previously expected to be announced this week, may now be delayed. The Times says the...

24 July 2018

From: Breaking News

Sales figures ahead of last year, says upbeat franchise agency

At least one estate agency appears to be doing better than expected in the current challenging market - Hunters says sales...

24 July 2018

From: Breaking News

Countrywide stays silent on speculation over £100m rights issue

Countrywide has not made any official statement about speculation over the weekend that it was about to seek an additional £100m investment. Estate...

23 July 2018

From: Breaking News

Countrywide ‘to seek new investment of £100m’

It’s being reported this morning that Countrywide will seek new investment of over £100m, probably in the next few days.  The Sunday...

22 July 2018

From: Breaking News

Purplebricks the largest UK estate agency: 'So what?' says stock market

The stock market and at least one City analyst have shrugged their shoulders at the claim by Purplebricks that it is...

06 July 2018

From: Breaking News

OnTheMarket 'now listing over half the market’ - 550,000 properties

Another update from OnTheMarket this morning claims the portal is now listing over 550,000 UK residential property listings, in excess of...

04 July 2018

From: Breaking News

Analyst predicts Purplebricks will report increased losses this week

Purplebricks is reported to be set to reveal increasing losses when it issues its full-year financial results to the London Stock...

03 July 2018

From: Breaking News

New Purplebricks adverts - full service without the commission

The creative agency behind the new round of Purplebricks Commisery TV advertisements have been explaining the philosophy they brought to the...

02 July 2018

From: Breaking News

July - it might just be the industry’s busiest month of the year

So here’s the thing. It’s summer - not much going on, school holidays about to start, industry publications filling out space...

30 June 2018

From: Features

'Bigger Countrywide losses to come' warns broker advising investors to sell

One of Countrywide’s former allies in the City broker community - independent corporate advisor Numis - has downgraded the troubled agency...

27 June 2018

From: Breaking News

Countrywide share price plummets over 20% to lowest level ever

Countrywide’s share price has taken a massive hit this morning - down well over 20 per cent - following a surprise...

25 June 2018

From: Breaking News

Has OnTheMarket performed? We're about to find out...

OnTheMarket has announced to the City and its shareholders that it’s to reveal its annual results tomorrow - the first such...

06 June 2018

From: Breaking News

Countrywide not in a rush to get a new chief executive

Countrywide is in no rush to appoint a new chief executive, following the experience of having Alison Platt in the post...

10 May 2018

From: Breaking News

OnTheMarket says it now has 7,500 branches on board

OnTheMarket says it has now struck listing agreements with 7,500 agency branches, adding over 2,000 branches since floating on the London stock...

02 May 2018

From: Breaking News

Countywide 'encouraged by early progress' despite new income fall

Countrywide, the troubled agency group which today holds its annual general meeting, says it is “encouraged by the early progress that...

25 April 2018

From: Breaking News

Hunters says recent franchisees have ‘beaten the market’

Franchise giant Hunters says independent agencies which joined the firm in recent years have typically beaten the performance of the housing market. Chief...

13 April 2018

From: Breaking News

EweMove in profit as Property Franchise Group reports strong figures

The Property Franchise Group has this morning reported strong figures for 2017 with news that its hybrid brand EweMove traded profitably...

10 April 2018

From: Breaking News

Franchise model well-suited to challenging market, says leading agency

Winkworth, the agency which released its 2017 results this morning, says the franchise business model it supports is more resilient than others...

28 March 2018

From: Breaking News

Purplebricks begins search for lifetime relationship with customers

Purplebricks has given details of how it intends to use some of its new investment, and in particular is spelling out...

27 March 2018

From: Breaking News

Rightmove may have to extract more revenue from agents, claims analyst

One of the leading PropTech analysts says Rightmove’s huge success means that it has two difficult choices ahead if it is...

16 March 2018

From: Breaking News

Savills reveals its highly resilient UK residential performance in 2017

Savills has reported good figures for 2017 although most of its strongest performance was outside the world of residential property. In a...

15 March 2018

From: Breaking News

Countrywide's own broker cuts agency’s forecast for 2018 and 2019

Jefferies - the City consultancy which has in the past worked with Countrywide - has cuts its forecasts for the troubled...

09 March 2018

From: Breaking News

Foxtons profits and sales drop - but much better figures from Connells

Foxtons has reported its 2017 figures to shareholders and the City this morning and as expected they show sharp falls in...

28 February 2018

From: Breaking News

Analysts anticipate disappointing figures from Foxtons tomorrow

Industry and financial analysts are preparing for what may well be another round of difficult trading figures from London agency Foxtons. Tomorrow...

27 February 2018

From: Breaking News

OnTheMarket announces 243 new listings agreements in past 10 days

In an unexpected trading statement this morning, OnTheMarket says it has signed 243 new listing agreements within its first 10 days...

23 February 2018

From: Breaking News

Rightmove: another massive leap in revenue thanks to agents' fees

Rightmove has reported another very large leap in revenue in 2017 and a modest rise in agency and new home customers...

23 February 2018

From: Breaking News

Share price bounce reverses OnTheMarket’s post-float losses

OnTheMarket’s share price starts the week at almost exactly the same level as it was floated after a significant bounce-back on...

19 February 2018

From: Breaking News

Countrywide's earnings could be lower than expected, warns Jefferies

City broker Jefferies is warning that Countrywide’s earnings as calculated through the EBITDA measure could drop to as little as £50m -...

15 February 2018

From: Breaking News

Countrywide amends credit facility with lenders to help turn business around

Countrywide has made a brief announcement to shareholders about amending its credit facility with lenders to help it turn the business...

05 February 2018

From: Breaking News

Countrywide: share price plunges again as some bonuses scrapped

Alison Platt may have been ousted but Countrywide appears not to be out of the woods yet as its share price...

01 February 2018

From: Breaking News

LSL diversifies from agency work with £5.4m mortgage firm acquisition

LSL Property Services is beefing up the mortgage arm of its activities.  It has acquired the mortgage adviser network Personal Touch in...

01 February 2018

From: Breaking News

Property Franchise Group upbeat after reversing most EweMove losses

The Property Franchise Group’s trading statement this morning reveals a huge 23 per cent rise in revenue for 2017 - £10.2m...

31 January 2018

From: Breaking News

ZPG reports 53m average monthly visits to websites and apps

ZPG says it anticipates a strong 2018 according to a trading statement ahead of the company’s annual general meeting today. The firm...

30 January 2018

From: Breaking News

Foxtons reports big drop in profits and revenue with sales down sharply

Foxtons has this morning given details of a sharp fall in both profits and revenue, wirth sales significantly falling away and...

25 January 2018

From: Breaking News

Platt goes - but Countrywide silent on size of her 'golden goodbye'

There was confirmation this morning, as expected, that Countrywide chief executive Alison Platt has quit - but so far there is no...

24 January 2018

From: Breaking News

Mortgage Advice Bureau enjoys good trading despite flat market

Mortgage Advice Bureau has batted off the flat housing market by reporting good figures for 2017. Revenue for the year increased by...

23 January 2018

From: Breaking News

Confidential Countrywide memo warns of 'challenging reaction' to figures

The Countrywide chief executive, Alison Platt, is said to have warned staff that the reaction from the markets and shareholders to...

22 January 2018

From: Breaking News

Connells shows Countrywide how to increase market share

Connells Group’s estate agency business increased its market share of new instructions in 2017 by almost four per cent, despite a...

19 January 2018

From: Breaking News

Countrywide: latest poor figures show 2017 agency income set to be 14% down

A trading statement from Countrywide this morning continues the decline shown by the agency group in recent years. It says total income...

18 January 2018

From: Breaking News

Purplebricks: revenue soars as agency claims 74% of online sector

Purplebricks’ latest trading statement for the six months ending October 31 claims a large rise in revenue, its number of UK...

13 December 2017

From: Breaking News

Purplebricks: is it about to increase its share of the online market?

Financial analysts over the weekend have been giving their view on Purplebricks, which later this week issues its figures for the...

11 December 2017

From: Breaking News

Transactions fall but LSL still shows bigger-than-expected revenues

LSL Property Services - which includes Your Move, Reeds Rains and other high street estate agencies - batted away any housing...

30 November 2017

From: Breaking News

Countrywide online 'pause' is unforgivable says leading analyst

Countrywide's decision to 'pause' the roll-out of its online option for sellers and landlords is "unforgivable and dumbfounding" according to a...

14 November 2017

From: Breaking News

Pause of online roll-out does little to help Countrywide share price

The much-expected pause in the roll out of Countrywide's online service to vendors, confirmed yesterday, did not appear to impress investors. Countrywide's...

10 November 2017

From: Breaking News

Purplebricks tells City and investors we're on course for 2017 targets

Purplebricks has issued the briefest-of-brief statements to the City and the company's investors to assure them it is "on course". The latest...

07 November 2017

From: Breaking News

Purplebricks: investment website raises questions over its profitability

Investment website The Motley Fool says comparisons between forecast and actual profits reported by Purplebricks suggest the company’s position isn’t -...

02 October 2017

From: Breaking News

Purplebricks claims UK revenue now double that of a year ago

Purplebricks' latest trading statement, issued this morning, claims "good progress" and says its revenue in the UK for the first half...

29 September 2017

From: Breaking News

Winkworth celebrates new franchise signings despite weaker sales

Winkworth says solid performances from its lettings and property management services, plus new franchise deals, have compensated for a challenging sales...

14 September 2017

From: Breaking News

Was this the week the agency industry changed for good?

I’ve been in France for the past few days and depending on your viewpoint, I made a spectacularly good or singularly...

09 September 2017

From: Features

Hunters emphasises online success, despite challenging market

Hunters’ figures for the six months to the end of June show small rises in income and turnover but a substantial...

08 September 2017

From: Breaking News

Countrywide's surveying division in link-up with Virgin Money

Countrywide Surveying Services has been appointed by Virgin Money as its partner to support borrowers for new build, custom build and...

01 September 2017

From: Breaking News

Exclusive: Speculation grows over future of senior Countrywide director

Speculation is growing that one of the most senior executives in the Countrywide management team may be leaving the organisation. Countrywide and...

17 August 2017

From: Breaking News

Sell Purplebricks shares, urges writer as sales data mystery remains

The Sunday Times made uncomfortable reading for Purplebricks yesterday as the newspaper raised more questions about the number of homes the...

14 August 2017

From: Breaking News

Savills suffers fall in sales in London, country and new-build sectors

Savills has reported strong figures for the first half of 2017 across its worldwide activities, but its UK residential divisions have...

11 August 2017

From: Breaking News

LSL profits up - but agency group warns of 'suppressed sales'

LSL Property Services - owners of Your Move, Reeds Rains and Marsh & Parsons amongst estate agency brands - has enjoyed...

01 August 2017

From: Breaking News

Could Rightmove really increase charges to agents again?

A City analyst has fuelled speculation that Rightmove has a goal to increase its monthly average revenue from each agency from...

31 July 2017

From: Breaking News

Rightmove reports rise in agents, traffic and revenue per advertiser

In its latest report to shareholders, Rightmove has revealed yet more growth in agent numbers, traffic to its website, revenue per...

28 July 2017

From: Breaking News

Countrywide: 50% of branches will have online option within days

Countrywide says the roll out of its online sales and lettings service is on schedule to reach 50 per cent of...

28 July 2017

From: Breaking News

Profits plunge at Countrywide as CEO admits tough year so far

Countrywide has revealed a massive plunge in its profits for the first six months of 2017.   Pre-tax profit for the six months...

27 July 2017

From: Breaking News

Foxtons' slump in sales means 55% of revenue now from lettings

Foxtons has reported its half-year figures for the six months to the end of June and, as expected, they show how...

27 July 2017

From: Breaking News

Speculation grows over Countrywide's 2017 performance to date

Speculation is growing over whether figures to be released by Countrywide on Thursday may prompt another fall in the troubled company’s...

25 July 2017

From: Breaking News

What market slowdown? LSL agencies say 2017 is better than expected

LSL Property Services does not report its figures for the first half of 2017 until August 1, but even so it...

18 July 2017

From: Breaking News

Purplebricks Local Property Experts 'earn average £41,925 a year'

An expert analysis of the Purplebricks trading statement for 2016 reveals that the agency’s Local Property Experts each earn an average...

10 July 2017

From: Breaking News

Countrywide poised for stronger second half of 2017 says analyst

One of the industry’s leading analysts says Countrywide’s figures for the first half of 2017 are likely to be tough -...

07 July 2017

From: Breaking News

Purplebricks sells 83 per cent of the homes it lists, agency chief says

The chief executive of Purplebricks, often criticised by detractors for failing to reveal completion rates as opposed to listings, says his...

03 July 2017

From: Breaking News

Purplebricks agrees a UK sale every nine minutes 24/7

New figures released this morning from Purplebricks shows the onward march of the hybrid agency and its Local Property Experts. For the...

29 June 2017

From: Breaking News

ZPG reports big surge in agents and listings over past six months

ZPG has published its half-year figures this morning showing a six per cent rise in the number of agents and a...

24 May 2017

From: Breaking News

City analyst uses Foxtons' figures to diss Purplebricks inventory

A respected City analyst has pointedly dissed Purplebricks over its allegedly modest inventory of homes for sale and rent. Antony Codling of...

18 May 2017

From: Breaking News

EweMove franchise agents now number 108 with revenue up 14%

EweMove, the online brand owned by the Property Franchise Group, now has 108 franchisees - 97 are fully operational and 11...

10 May 2017

From: Breaking News

Savills warns of election hiatus for high end house sales

The next few weeks leading to the General Election on June 8 are likely to have “a short term adverse impact...

10 May 2017

From: Breaking News

Purplebricks sharply criticised at industry technology conference

Purplebricks' share price moved up over two per cent yesterday on the strength of its latest trading statement - but its...

05 May 2017

From: Breaking News

Purplebricks reports '83% instruction growth' in UK

Purplebricks has this morning issued its latest trading update, reporting what it calls "strong growth" in the UK and updating investors on...

04 May 2017

From: Breaking News

Countrywide share price, once over 685p, falls below 150p

Countrywide’s share price, which just over three years ago was riding high at just above 685p, has hit a new low...

05 April 2017

From: Breaking News

Investors 'have full confidence in easyProperty' says company CEO

The chief executive of online easyProperty says the company’s investors “have full confidence” in the firm despite it announcing an operating...

03 April 2017

From: Breaking News

easyProperty group may seek extra funding after £11m operating loss

Figures lodged at Companies House by online agency easyProperty suggest parent company EProp Services will seek additional funding this year. A strategic...

31 March 2017

From: Breaking News

Winkworth plans to bounce back after 25% fall in pre-tax profits

Winkworth’s annual figures for 2016 reveal a franchise turnover drop of six per cent and a pre-tax profit fall of 25.6...

31 March 2017

From: Breaking News

Savills reports 'resilient' UK home sales despite Brexit jitters

Savills has revealed relatively strong figures for 2016 in its report to the City this morning, with group revenue up 13...

22 March 2017

From: Breaking News

Foxtons: lavish praise from investment chiefs despite profits fall

Foxtons has received lavish praise from investment consultancy Jefferies despite long-term share price worries reflecting its mixed performance in the troubled...

20 March 2017

From: Breaking News

Countrywide shares hit record low after bank downgrading

Swiss bank UBS has downgraded Countrywide’s status to ‘sell’ in a move which has prompted the troubled estate agency’s share price...

16 March 2017

From: Breaking News

Countrywide reveals annual cost of restructuring

Countrywide has revealed that in 2016 it spent over £8.1m on redundancies, some £7.4m on contract costs relating to closed premises,...

13 March 2017

From: Breaking News

Countrywide: 200 branches shut, online 'working well'

It's been revealed that Countrywide has lost 200 branches in its reorganisation - that's around 20 per cent of its branch...

09 March 2017

From: Breaking News

Foxtons profits dive thanks to Brexit and stamp duty

Foxtons' figures released to the City this morning confirm a huge slump in sales in 2016 - and even lettings revenue...

08 March 2017

From: Breaking News

Strong year for Connells with sales and lettings both rising

Connells Group has announced strong figures for 2016 with the total number of properties sold rising five per cent and lettings...

02 March 2017

From: Breaking News

Rightmove reveals more agents, more visits and more profits in past year

Rightmove has released its figures for 2016 and as predicted they show the portal streaking ahead of all rivals. It reports record...

24 February 2017

From: Breaking News

Purplebricks to expand into the United States later this year

Purplebricks has raised £50m through a share issue to fund expansion into the United States later this year. In an announcement to shareholders...

23 February 2017

From: Breaking News

Connells still looking for 'selective acquisitions' in 2017

Connells Group’s estate agency business recorded an eight per cent increase in exchanges in 2016 over the previous year, and says...

21 February 2017

From: Breaking News

Developer to build fewer homes after 'poor quality' issues

A house builder has set aside £7m to spend on repairs to its own new properties after a series of complaints...

21 February 2017

From: Breaking News

Hybrid will be 'fast-growing challenger brand' says agency chief

Hybrid agency EweMove is rapidly expanding its network footprint this year and will be a “challenger brand” deliberately designed to be...

03 February 2017

From: Breaking News

Foxtons reveals huge drop in revenues with worse to come in 2017

Foxtons has revealed that in the final quarter of last year its revenues were only £26m - down a quarter on...

11 January 2017

From: Breaking News

Zoopla reports agency total up 5% and listings up 10% in a year

Zoopla Property Group's estate agency membership grew five per cent and its property listing inventory was up 10 per cent in...

30 November 2016

From: Breaking News

Countrywide: big transactions slump - with warning of worse to come

A trading update released by Countrywide this morning shows a 29 per cent slump in London exchanges in the third quarter...

24 November 2016

From: Breaking News

LSL Property Services sells remaining shares in Zoopla

LSL Property Services has sold its remaining stake in Zoopla Property Group according to a City report. LSL - which includes High...

02 November 2016

From: Breaking News

Dramatic one-third slump in sales for Foxtons in last three months

In a surprise announcement this morning, Foxtons has revealed that its total revenues in the past three months dropped 14 per...

19 October 2016

From: Breaking News

Leading house builder rips into government over housing policy

The government’s housing policy, while helpful outside London, has had a negative effect on the capital according to one of the...

07 September 2016

From: Breaking News

The current state of play in the property portal market

With more house-hunters than ever now starting their search for a new home by typically looking online on one of the major...

17 June 2016

From: Features

'PSG yet to stretch its legs' – analysts report on Zoopla figures

Several stock market analysts have published reports on Zoopla's half-year trading statement released yesterday. Anthony Codling of Jefferies – the firm which...

26 May 2016

From: Breaking News

Purplebricks: big revenue rise and 'Local Property Expert' numbers up

Purplebricks Group has issued a trading statement to the City - with another dramatic revenue increase and a claim that the...

11 May 2016

From: Breaking News

More agencies say political uncertainty hurting housing market

Another agency has warned of the likely market slowdown caused by the June 23 EU referendum and political uncertainty over the...

28 April 2016

From: Breaking News

'Major agency has cut fees to 0.5% on referendum fears' - claim

A City investment consultancy says one leading private agency chain has slashed its fees to 0.5 per cent in order to...

27 April 2016

From: Breaking News

Countrywide to reveal how well (or badly) it does every six months

Countrywide has taken the highly-unusual step of announcing that it will reveal key performance indicators every six months, come rain or...

29 February 2016

From: Breaking News

Countrywide: 2016 is make or break year, warn analysts

Financial analysts at City consultancy Jefferies - which helped Countrywide float on the stock market - say 2016 is a key...

26 February 2016

From: Breaking News

No change of course says Countrywide chief after 37% profits slump

The chief executive of Countrywide says there’s “no change of course” after a 37 per cent slump in operating profits were...

25 February 2016

From: Breaking News

Foxtons sales down 11% but agency eyes more growth in 2016

A trading statement from London agency Foxtons shows group turnover up four per cent in 2015 to £150m - but that...

04 February 2016

From: Breaking News

Stamp duty change spurs small rise in first time activity since late 2014

In the latest of many mixed signals from the housing market, a survey by agents Your Move and Reeds Rains suggests...

29 January 2016

From: Breaking News

Hunters hits 170 offices and seeks significant expansion in 2016

Sales and lettings franchise giant Hunters has told the City it is anticipating “significant expansion” this year through additional franchises and...

28 January 2016

From: Breaking News

Zoopla sets date for next agency numbers announcement as finance chief quits

Zoopla has confirmed that its next date for announcing its agency membership totals - part of its ongoing rivalry with OnTheMarket...

22 January 2016

From: Breaking News

Countrywide's good day: new homes acquisition, share price up, profits boosted

Countrywide has continued its acquisition programme by taking over a company consulting with house builders in the Home Counties and London.  The acquisition...

22 January 2016

From: Breaking News

Countrywide upgrades profits forecast - just months after a profits warning

The UK’s largest estate agency group has upgraded its profits forecast to the City - just over 10 weeks after issuing...

21 January 2016

From: Breaking News

Agency franchise giant's expansion goes on despite buy to let tax change

One of the UK's largest property franchises has reported strong figures in an interim trading statement to the City - with group...

21 January 2016

From: Breaking News

Zoopla to provide latest figures on agency members this week

Zoopla says it will later this week give an update on the number of agents it now has as members -...

19 October 2015

From: Breaking News

OnTheMarket queries Zoopla’s listings inventory

OnTheMarket has queried the listings inventory detailed in Zoopla’s half-year trading statement. Zoopla Property Group reported that its listings inventory had increased...

24 August 2015

From: Breaking News

OnTheMarket defiant but most analysts back Zoopla

OnTheMarket has made a defiant response to news that Zoopla is growing both its estate agent membership and its property listings...

13 August 2015

From: Breaking News

Video round-up 31.07.15 - Watch the weekly news from Estate Agent Today

Watch the latest weekly video round-up of news from Estate Agent Today and Letting Agent Today, featuring stories on Rightmove's half...

31 July 2015

From: Breaking News

Video round-up 31.07.15 - Watch the weekly news from Estate Agent Today

Watch the latest weekly video round-up of news from Estate Agent Today and Letting Agent Today, featuring stories on Rightmove's half...

31 July 2015

From: Video Articles

Video round up 22.05.15 - Watch the weekly news from Estate Agent Today

Watch the latest weekly video roundup of news from Estate Agent Today and Letting Agent Today, featuring stories on Zoopla's trading...

22 May 2015

From: Breaking News

Zoopla defiant after agency-losses dent share price

Zoopla remains unbowed by its loss of 23 per cent of its UK agents and says it has new statistics proving...

21 May 2015

From: Breaking News

Zoopla: 23% drop in UK agencies, 11% rise in visits

Zoopla says it has lost 16 per cent of its global members in the year to the end of March -...

20 May 2015

From: Breaking News

Countrywide warns of 'difficult sales market'

Countrywide, the agency group that handles one in 10 transactions in Britain, has told the City that its income remains “resilient...

30 April 2015

From: Breaking News

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