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KEYWORD "Shareholders" - 100 RESULTS
Emoov, pioneer online agency, acquired by small family business

A low profile family company called the Griffin Property Company has acquired Emoov, the online agency which was a pioneering name...

22 May 2024

From: Breaking News

Rightmove Money-Making Machine set to hike agent fees again

Number one portal Rightmove has upgraded growth expectations in its latest statement to shareholders - and is again growing its average...

13 May 2024

From: Breaking News

Rent Ceilings Have Been Reached - agency's stark warning

The chief executive of one of Britain’s largest franchise agency chains is warning that rents may no longer be able to...

18 April 2024

From: Breaking News

Foxtons To Be Sold? Media speculation grows

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the...

15 April 2024

From: Breaking News

Student rental income soars as supply lags behind demand

Corporate student accommodation provider Unite Group has reported a big jump in earnings on the back of a shortage of lets...

28 February 2024

From: Breaking News

Lettings Giants Merge - final shareholder approval secured

The merger of two of the largest names in the lettings industry has passed its final hurdle. Belvoir shareholders have now backed...

16 February 2024

From: Breaking News

Government takes stake in property investment PropTech platform

The UK government has taken an equity stake in the rental investment platform Shojin through the conversion of a pandemic-era loan...

24 January 2024

From: Breaking News

Two of the largest lettings agencies propose to merge

The Property Franchise Group, the UK's largest property franchise brand, wants to merge with long-time rival Belvoir. Both are listed on the...

10 January 2024

From: Breaking News

Figures reveal UK's fastest growing lettings agency as 2024 starts

Foxtons claims it’s reached new heights under its latest management team. The agency has been described as the is fastest growing UK...

02 January 2024

From: Breaking News

OnTheMarket share dealing to be suspended next week

Dealing in OnTheMarket shares will cease at 7.30am on December 12 following yesterday evening’s announcement that the CoStar takeover had won...

05 December 2023

From: Breaking News

Shareholders reach decision on takeover of OnTheMarket

The shareholders of OnTheMarket have reached their decision on the portal's controversial takeover by CoStar.  A statement released this afternoon says: "The...

04 December 2023

From: Breaking News

OnTheMarket investor critic’s last-ditch bid to scupper deal

Long-standing activist investor Brett Stone has made a last-ditch bid to scupper a proposed takeover of OnTheMarket by US firm CoStar. CoStar...

04 December 2023

From: Breaking News

OnTheMarket Takeover - New endorsement is another boost for board

With less than a week to go before the Court Meeting and the General Meeting which will decide the fate of...

29 November 2023

From: Breaking News

OnTheMarket Takeover: CoStar deal backed by key independent advisor

The prominent independent advisor ISS - Institutional Shareholder Services - has publicly backed the OnTheMarket board and is recommending shareholders vote ‘for’...

27 November 2023

From: Breaking News

Foxtons Up For Sale? Shareholders put board under pressure

The board of Foxtons is under pressure from a minority of shareholders to put the agency group up for sale, according...

20 November 2023

From: Breaking News

Foxtons figures fly for lettings, falter for sales

Not for the first time this year, a trading update from London-focussed agency Foxtons has shown that lettings is leading the...

30 October 2023

From: Breaking News

Praise for self-employed and entrepreneurial franchise teams

The head of one of the country’s highest profile franchise agency empires says the self-employed ethos of some advisers and entrepreneurial...

04 August 2023

From: Breaking News

Lettings boom helps franchise brands offset sales falls

Increased lettings income proved a valuable balance to a declining sales market for The Property Franchise Group in the first half...

03 August 2023

From: Breaking News

Lettings division proves its worth in agency's big turnaround

A strong lettings division has allowed Foxtons to record strong growth in its latest trading statement, despite the challenging sales market. The...

28 July 2023

From: Breaking News

Lettings the only bright spot as agency chain issues profits warning

The directors of Winkworth are warning shareholders of a challenging period thanks to higher and faster-raising interest rates - with only...

13 July 2023

From: Breaking News

OnTheMarket warns on downside of frantic lets market

OnTheMarket says the frantic lettings market of the past year or more is bad news for agents. In a trading statement to...

11 July 2023

From: Breaking News

Big increase in ‘good EPC’ buy to let mortgage borrowing

One of the biggest lenders in the rental space - Paragon Bank - recorded a 19 per cent increase in buy...

07 June 2023

From: Breaking News

HMO investment platform gives outline of growth strategy

Five franchisees who purchased an investment platform say they want to double the size of the business by 2028. Established in 2007,...

06 June 2023

From: Breaking News

Agency structure transformation is almost complete

LSL’s transition from being a largely owned agency network to individual franchises is effectively complete. The company - which owns the Your...

02 June 2023

From: Breaking News

What now for Purplebricks remaining lettings book?

Although Purplebricks’s Scottish lettings book was sold in a deal over the Bank Holiday weekend, there remains uncertainty over the rest...

30 May 2023

From: Breaking News

Franchise giant on the prowl for more lettings acquisitions

A trading statement from Belvoir reveals that the franchise giant is on the look out for “good quality complimentary acquisitions”. A strong...

22 May 2023

From: Breaking News

Purplebricks nears collapse as sale falters and money runs low

Purplebricks has given its most pessimistic trading update yet, admitting its effects to find a buyer are tanking and its financial...

10 May 2023

From: Breaking News

Quids In - massive rise in lettings revenue for Foxtons

London-focussed agency Foxtons has reported a huge leap in revenue from its lettings division. Lettings revenue was up 27 per cent in...

21 April 2023

From: Breaking News

Winkworth posts weak results despite robust lettings market

Winkworth has told its shareholders that the weak figures posted for 2022 are actually in line with management expectations. The franchise giant...

20 April 2023

From: Breaking News

Foxtons relying on lettings for revenue as brand is reshaped

Foxtons’ latest trading statement suggests that it’s heavily reliant on lettings revenue as the sales market stutters and the whole company...

08 March 2023

From: Breaking News

Foxtons spends millions on acquiring rival lettings agency

Foxtons has this morning confirmed that it’s acquired a rival London lettings agency. It has snapped up Atkinson McLeod for £7.4m: Foxtons...

06 March 2023

From: Breaking News

Rightmove “driving the digitisation of the rental journey”

Rightmove says it’s helping to digitise the rental processes, making the process less fragmented and frustrating for agents.  In its trading statement...

06 March 2023

From: Breaking News

Purplebricks lettings division to be slashed as agency's failure deepens

The chief executive of Purplebricks, who eight weeks ago claimed to have “a plan to grow our lettings business”, is now...

20 February 2023

From: Breaking News

Disastrous Truss Budget still hurting market says leading lettings agency

Belvoir Group is continuing its long term success record but warns that the Liz Truss mini-Budget is still having a detrimental...

01 February 2023

From: Breaking News

Rival big-hitter agencies slug it out for lettings dominance

Two big-hitter agencies are slugging it out for lettings dominance in London, with both making announcements in a bid to cement...

27 January 2023

From: Breaking News

High end market stronger than expected, agency tells investors

A statement to shareholders by the Savills lettings and estate agency admits that it under-estimated how strong the high end prime...

13 January 2023

From: Breaking News

Agency group pledges six new branches despite lettings slowing

There will be up to six new branches opened this year for the franchise brand Winkworth. The agency made its announcement in...

12 January 2023

From: Breaking News

One-in-eight Purplebricks staff ‘to lose jobs this week’

Purplebricks is set to cut 10 per cent of its staff within hours according to The Times. The company is reportedly laying...

22 December 2022

From: Breaking News

Purplebricks boss claims ‘big opportunity’ to grow lettings division

The chief executive of Purplebricks - chastened after a major split amongst the firm’s shareholders - claims there is a “big...

20 December 2022

From: Breaking News

Purplebricks Crunch Day - chairman survives key vote

Purplebricks chairman Paul Pindar has survived a challenge from a rebel investor - but shareholders appear split.  A company general meeting -...

19 December 2022

From: Breaking News

Claims against Purplebricks for lettings problems could exceed £5m

Purplebricks has detailed the price it is paying for a lettings compliance blunder first spotted last year. It predicts that, at worst,...

08 December 2022

From: Breaking News

Lettings save the bacon for agency group facing challenging market

Lettings income for LSL Property Services increased two per cent in the past year - at just the time the company...

28 November 2022

From: Breaking News

Purplebricks coup attempt set to happen just before Christmas

Purplebricks’ board has announced that a general meeting of shareholders will be held on December 19 - and it involves a...

24 November 2022

From: Breaking News

Agency group links with buy to let company investment service

Leaders Romans Group is offering its landlord clients a new investment service. ‘Smart Investment’, powered by GetGround, is described as a fully...

16 November 2022

From: Breaking News

Purplebricks rebel shareholders demand industry veteran takes charge

Rebel shareholders at Purplebricks want the current chairman to be replaced by industry veteran Harry Hill. Lecram Holdings Limited - which has...

10 November 2022

From: Breaking News

Mystery surrounds latest senior departure from Purplebricks

Activist shareholders and agency industry analysts alike appear mystified at the latest high-flyer to depart suddenly from Purplebricks Yesterday the troubled agency...

28 October 2022

From: Breaking News

Foxtons new CEO enjoying strong start to honeymoon period

Famous London agency Foxtons has enjoyed a shares boost on the back of a 25 per cent spike in revenue in...

28 October 2022

From: Breaking News

Experienced hands drafted in to avoid future Purplebricks blunders

More ‘old’ new faces have been drafted in to Purplebricks in a bid to improve its compliance and market performance. Last month...

15 September 2022

From: Breaking News

Thousand extra properties under management for franchise giant

The Property Franchise Group - which includes a host of High Street brands - saw a rise in managed properties of...

14 September 2022

From: Breaking News

‘Responsible rent rises’ pledged by huge Build To Rent operator

Grainger, the UK’s largest landlord and a huge player in the Build To Rent sector, says it’s going to implement only...

13 September 2022

From: Breaking News

Franchise veteran issues warning on future of lettings market

Winkworth’s latest figures to shareholders show that sales revenues have slumped badly - but lettings have boomed for the moment at...

08 September 2022

From: Breaking News

Foxtons banks on new boss to return to past glories

Foxtons has issued a welcome statement to its new chief executive as it seeks to return to past glories. Guy Gittins -...

06 September 2022

From: Breaking News

PropTech chief invests in ground-breaking private rental fund

A high profile PropTech entrepreneur is amongst a series of investors linked to a new fund, launched today, cashing in on...

01 September 2022

From: Breaking News

Purplebricks sets date for possible lettings crisis showdown

Purplebricks has set a date for a possible showdown with shareholders over the agency’s lettings compliance crisis amongst other controverisies.  It has...

16 August 2022

From: Breaking News

Lettings income saves the day for franchise agency brands

The Property Franchise Group says it’s increased the size of its lettings portfolio by around 1,000 units over the past year...

05 August 2022

From: Breaking News

Purplebricks reveals cost of lettings error and slams poor marketing

Purplebricks has given its interpretation of how much its lettings sector compliance crisis has cost the company. Back in December the Daily...

02 August 2022

From: Breaking News

Rightmove can easily withstand higher costs - even if agents cant…

The rise and rise of Rightmove continues apace. Figures for the first half of 2022 released at the start of the weekend...

01 August 2022

From: Breaking News

Foxtons draws up shortlist of rival agencies it wants to buy

Foxtons has revealed that it has a pipeline of what it calls “lettings portfolio targets” - lettings books which it wants...

29 July 2022

From: Breaking News

New twist in revealing true cost of Purplebricks lettings error

Troubled online agency Purplebricks says it’s going to finally release its full year figures in the first week of August -...

29 June 2022

From: Breaking News

Foxtons buys two more agencies to expand lettings portfolio

Foxtons has this morning announced the acquisition of two smaller agencies to expand its lettings portfolio. It has bought Gordon & Co...

26 May 2022

From: Breaking News

Build To Rent’s vast profits potential shown in stock market figures

Grainger plc, the UK's largest listed residential landlord and a growing player in the Build To Rent sector, has delivered an...

13 May 2022

From: Breaking News

Rightmove Boss: is Britain’s top Lettings Guru in line for job?

Speculation is growing that a high profile former leader of the Association of Residential Letting Agents may become the next chief...

10 May 2022

From: Breaking News

Why Foxtons lettings performance is not what it seems

Foxtons has reported to its shareholders that its lettings revenue in the first quarter of this year was a stunning 21...

22 April 2022

From: Breaking News

Rents set to rise big time in 2022, suggests franchise agency

Winkworth has told its shareholders that the rental market is to boom - a lot. “In lettings we anticipate that prices will...

13 April 2022

From: Breaking News

Agency giant announces huge jump in managed properties

The Property Franchise Group says that in the past year the number of managed properties it handles has risen from 58,000...

06 April 2022

From: Breaking News

OnTheMarket extends free tenant referencing for some agents

OnTheMarket’s deal with a PropTech firm to provide free tenant referencing has been extended indefinitely for agents who pay the portal...

04 March 2022

From: Breaking News

Rightmove pledge to upgrade tenant referencing for agents

Rightmove says added functionality for its tenant referencing portal is now being tested and will be rolled out later this year. In...

28 February 2022

From: Breaking News

Franchise group delivers 10% boost from lettings services

Lettings franchisees under the Belvoir banner delivered the group an additional 10 per cent management service fees last year according to...

01 February 2022

From: Breaking News

London letting agencies to integrate formally in February

The integration of the lettings division of London agency Douglas & Gordon into the lettings wing of Foxtons will happen next...

28 January 2022

From: Breaking News

New insurance product for agents from deposit alternative supplier

Deposit alternative service Zero Deposit has received another £1.8m investment- just as it launches its own insurance service. The fundraise provides capital...

20 January 2022

From: Breaking News

London rental market strong but growth depends on easier travel

A generally upbeat trading statement from franchise agency giant Winkworth reports that prime London’s rental market’s long term return to normality...

13 January 2022

From: Breaking News

Purplebricks denies newspaper claim that it's selling lettings division

Purplebricks says a newspaper story suggesting it will sell off its rental business is not true. A company statement this morning, issued...

04 January 2022

From: Breaking News

Another upbeat trading report from franchise giant   

Belvoir Group has given yet another upbeat trading report to shareholders. It says in the 10 months to the end of October...

03 December 2021

From: Breaking News

New rental homes to replace some existing shopping centres

One of the country’s largest commercial and retail landlords - Capital & Regional - is to expand is current programme of...

10 September 2021

From: Breaking News

Lettings income boost for agency network, with more to come

Lettings income has played a major part in the upswing in income for the Belvoir Group, reported to shareholders in its...

04 August 2021

From: Breaking News

Covid issues hit leading agency group’s lettings revenue

One of the country’s largest lettings operations has outlined the challenges it faced during the Coronavirus crisis. LSL Property Services’ latest trading statement...

29 April 2021

From: Breaking News

Agency warns of Covid uncertainty despite its own strong performance

Franchise giants Belvoir has revealed strong figures in a trading statement to shareholders - but it’s warning that 2021 remains shrouded...

13 April 2021

From: Breaking News

Takeover frenzy continues as franchise giant snaps up rival agency

Consolidation within the industry continues apace with the Belvoir Group acquiring the Nicholas Humphreys Franchise Limited in a move announced over...

06 April 2021

From: Breaking News

“Supercharged growth plans” pledge by merged lettings giants

Two franchise giants - Hunters and The Property Franchise Group - say their combined lettings book underpins their recent deal. In a...

25 March 2021

From: Breaking News

Students fed up with Zoom and will return to rental accommodation

Britain’s largest supplier of purpose-built student accommodation, Unite, says students are bored with Zoom and will return en masse to their rental...

22 March 2021

From: Breaking News

Foxtons’ naked ambition - it wants to buy more lettings books

Foxtons has made no bones about how it sees future growth - it wants to acquire lettings books from other agencies. “There...

11 March 2021

From: Breaking News

Foxtons says it bought rival agency because of its lettings book

Foxtons says the reason behind its purchase of rival London agency Douglas & Gordon was to get its lettings book. The deal, for...

03 March 2021

From: Breaking News

Agency secures new £90m banking facility as expansion looms

LSL Property Services has secured new banking arrangements with a £90m revolving credit facility in anticipation of what it calls “attractive...

25 February 2021

From: Breaking News

New mega-agency will manage over 70,000 tenanted properties

The takeover of Hunters by The Property Franchise Group means the combined operations will manage over 70,000 tenanted properties across the...

29 January 2021

From: Breaking News

Agency chain shows benefit of financial services diversification

Franchise giant Belvoir has issued a statement to shareholders emphasising the success of its financial services wing. The Belvoir Group established its...

13 January 2021

From: Breaking News

Big Build To Rent development in target city set to complete in 2023

Build To Rent giant Grainger has purchased the rights to a 231-home development in Bristol for around £63m. In a statement to...

12 January 2021

From: Breaking News

Future agency mergers and acquisitions could be hit by tax hike

A warning has been issued by one of the most acquisitive letting agencies that future mergers and takeovers could be hit...

14 December 2020

From: Breaking News

Agency network sees business storm back and repays furlough money

An extremely upbeat trading statement from Stock Market-quoted agency Belvoir suggests business has been ahead of even its pre-Coronavirus expectations in...

03 December 2020

From: Breaking News

Foxtons snaps up London independent and wants more of the same

Foxtons has acquired a London lettings agency and along with it a lettings book comprising 689 tenancies. The deal is worth £2.2m. In...

25 November 2020

From: Breaking News

Online lettings agency with subscription service wins £1.3m funding

PropTech platform MakeUrMove, which launched back in 2008 as the first online lettings agency, has secured a £1.3m funding package from...

17 November 2020

From: Breaking News

Foxtons reports poor lettings figures despite sales market boost

Foxtons has posted what many consider to be disappointing lettings figures for the third quarter of the year. The company’s lettings-related revenue...

30 October 2020

From: Breaking News

Investment boost for Zero Deposit as founder Notley steps back

Deposit alternative service Zero Deposit has revealed significant new investment as its founder - ex-Zoopla commercial director Jon Notley - takes a...

13 October 2020

From: Breaking News

PropTech consolidation as flat-sharing platform snaps up rival

The UK-based flat-sharing platform SpareRoom has acquired one of its rivals Roomgo - better known by its previous name of Easyroommate.  The...

07 September 2020

From: Breaking News

Investors won’t sell if CGT changes target buy to let - warning

There’s a warning that buy to let investors will simply hold on to properties and not sell them if rumoured Capital...

16 July 2020

From: Breaking News

Tenant fees ban fails to dent franchise empire’s profits

Hunters has reported a small increase in pre-tax profit in it full-year results despite the impact of the ban on tenant...

27 May 2020

From: Breaking News

Coronavirus shows strength of franchise business model - claim

The UK’s largest property franchise group says the current Coronavirus crisis shows precisely how robust its franchise business model is. In a...

22 May 2020

From: Breaking News

Build To Rent giant bucks virus with big rise in rental income

Grainger, one of the biggest forces in the UK’s Build To Rent sector, says it has proved the resilience of the...

15 May 2020

From: Breaking News

Belvoir franchisees being helped to “reshape their businesses”

Franchise giant Belvoir says it’s helping its franchisees “reshaping their businesses” to cope with the Coronavirus crisis. In a trading statement showing...

31 March 2020

From: Breaking News

Agency secures £3.8m for management buyout and acquisitions

An ambitious Kent agency and management company has secured a £3.8m loan to underwrite a management buyout and an acquisition programme. Miles...

06 March 2020

From: Breaking News

Build To Rent giant reveals four new developments for 2020

Grainger, one of the biggest names in Build To Rent in the UK, says its current BTR pipeline stands at 24...

07 February 2020

From: Breaking News

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