Archive

The share price of Rightmove dropped some 6% yesterday on the back of an announcement that it was terminating the listings...

Lomond chief revenue officer John Ennis has joined the LonRes board as a non-executive director.  Ennis began his property career at Foxtons...

An estate agency with a major new homes department claims new build sales are proving more resilient than the mainstream market. Leaders...

Smoove has confirmed press speculation that it may be up for sale. The agency and conveyancing software provider issued a stock market...

I’ve found myself in contemplative mode this week, looking forward to the future and remembering times past. In the immediate future –...

OnTheMarket has issued 221,006 of ordinary shares to new agents who have signed up to the portal. These shares are for agents...

High-end estate agency Savills has posted a mixed set of half-year results, with revenue up to over £1 billion but the property...

Leading portal OnTheMarket has announced this morning that Clive Beattie has resigned as Chief Financial Officer 'to pursue another opportunity'. According to a...

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

The latest trading update from Foxtons has revealed that sales revenue in the first quarter of this year was down 9%...

Following a series of unexplained delays, Helena Marston has now finally been confirmed as the new chief executive of beleaguered agency...

Conveyancing software company ULS Technology has rebranded. The London Stock Exchange-listed company, which encompasses conveyancing brands eConveyancer, DigitalMove, Legal Eye and Amity...

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

Share prices of estate agencies and property companies plummeted yesterday as tensions continued to rise following the Russian invasion of Ukraine. Purplebricks...

Seven years after it launched on the London Stock Market, speculation continues that Purplebricks may be about to de-list and return...

Fears that the housing market may be seriously damaged by the worsening economy led to share price falls for Rightmove and others...

John D Wood - the lettings and estate agency now part of the Connells empire - is celebrating its 150th birthday...

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

A torrid period for Purplebricks' share value means it opens stock market trading today with a price of just 33p.  This is less...

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

One of the property market's leading names has welcomed young people into its company for work experience through a partnership with...

Purplebricks has this morning confirmed that it’s ending its self-employed Local Property Experts operation and is moving to “a fully employed model...

An announcement by Foxtons this morning says it is considering future options for its mortgage business, Alexander Hall. The announcement - made...

Books about property are, relatively speaking, commonplace - books by estate agents are far less so, hence the interest in The...

It’s now over a year since the property market officially reopened after an unprecedented two-month shutdown at the height of the...

OnTheMarket has completed its purchase of PropTech firm Glanty - a deal which began 15 months ago.   OTM took an initial 20...

The extraordinary consolidation in the estate agency industry continues apace today with two of the biggest deals reaching critical points. Firstly Hunters’...

This time out, I’m in conversation with one of the big three established portals. Since it was founded in 2007, Zoopla...

At the back-end of last year and the start of this, the biggest news stories in town – besides debates over...

Talks continue between The Property Franchise Group and Hunters with both companies agreeing a new deadline of next Friday, January 29. Just...

There’s been a flurry of recent activity involving agencies quoted on the London Stock Exchange: Hunters, The Property Franchise Group and...

By any available metric, Belvoir had a good 2020. Already a well-known and well-established name, it was highly praised for its...

Connells has cemented its takeover of Countrywide - it now has backing from over 52 per cent of shareholders. In a statement...

Connells has revealed that it’s to keep the existing Countrywide branch structure and staff headcount when the acquisition process is completed...

In a dramatic New Year’s Eve statement on the London Stock Exchange, Countrywide has agreed the terms of a recommended offer...

The Property Franchise Group has approached Hunters about a possible takeover. Confirmation came this morning in a statement from Hunters, which you can...

Various investors in Countrywide have submitted early online paperwork to The Panel on Takeovers and Mergers - the red tape required to...

OnTheMarket has handed out more shares to agencies signing long-term agreements with the portal. It was almost three years ago that OTM, then...

For a number of years now, predictions have been made that one of the major tech giants will eventually enter the...

Purplebricks’ sale of its Canadian operation for some £35m begs the question - where can it now recoup some of its losses...

Purplebricks is selling its Canadian business. The sale comes little over a year after the troubled agency closed both its failed Australian and...

One of the highest profile and most widely respected figures in the British property industry has died suddenly. He was 72. Tony...

“Let’s Zoom later”, “are we Zooming in the morning or afternoon?” “Yeah, I zoomed the client earlier” – variations on these...

All my recent Natters have been focused on one particular topic, the coronavirus crisis, for obvious reasons. But there has been...

Foxtons - which has recently closed branches and furloughed staff - has described a shareholder rebellion over senior management bonuses and pay...

OnTheMarket says it has another 32 million shares to give away to agents signing full fee contracts with the challenger portal...

Only half of the branches signed up to Zoopla have taken advantage of one or other of the discount offers made...

New temporary rules have thrown a lifeline to troubled agencies like Countrywide and Purplebricks which may need to raise additional funds...

Individual franchisees operating under the Winkworth banner are receiving what the company calls “comprehensive help” on a range of issues, including...

Yet another one of the giants of our industry, Hunters, says it’s taking “appropriate measures” to safeguard the firm in the...

There’s been widespread outrage amongst agents at Rightmove’s offer to allow some agents a deferred payment scheme operating for just three...

OnTheMarket is not responding to requests to reveal details of any pay-off for its chief executive Ian Springett, who was sacked...

Both Countrywide and LSL Property Services have submitted early online paperwork to The Panel on Takeovers and Mergers, an independent body...

The share price of challenger portal OnTheMarket has fallen to its equal lowest-ever level after a drop of over five per cent...

OnTheMarket has this morning announced that as of December 2, over 3,000 more offices had been signed under new paying contracts...

OnTheMarket’s share price slumped to an all-time low just before the end of trading last week. The price fell to 69.0p during trading on...

OnTheMarket will on Wednesday of this week issue over a million shares to agents who have signed new long-term listing agreements...

Controversy and Purplebricks have gone hand in hand since the agency was first launched in 2012, through its float on the...

OnTheMarket is delivering agents “a higher marketing yield than Rightmove” according to an investment consultancy which works with OTM. Investors appear to...

Purplebricks is reported to be facing a shareholder revolt this coming week at its annual general meeting because of bonuses paid...

A banking company used by OnTheMarket has issued a note to its investor clients claiming the portal “arguably beats its peers...

A few details of a possible takeover or acquisition of Countrywide have started to emerge. The possibility was first floated in yesterday’s...

One of the agencies most active in the creation of OnTheMarket is trialling a return to listing on Zoopla after an...

OnTheMarket has applied to the London Stock Exchange for the release of over a million new shares to agents who have...

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

Belvoir, the UK's largest property franchise, has changed its name - at least slightly - from Belvoir Lettings to Belvoir Group.  In...

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

An analyst on shares website Motley Fool says Purplebricks is not only in surprisingly strong financial health, but is actually outperforming...

There seems no end in sight for the share turmoil going on at Purplebricks, with several new developments on Friday before...

It's been another busy 24 hours for publicly-quoted estate agencies. Swiss investment bank UBS has increased its stake in the troubled London...

Beleaguered fund manager Neil Woodford, one of the first champions of Purplebricks, has reduced his stake in the troubled agency for...

Beleaguered fund manager Neil Woodford, one of the early champions of Purplebricks, has slashed his stake in the company from 28.9...

Two of Britain’s largest and best known estate agencies have endured a day of turmoil at the hands of investors -...

A writer for the influential financial publication Money Week says investors should “steer clear” of Foxtons - at least for now. Sarah...

Purplebricks’ most influential investor says there is “opportunity aplenty” for the company but says it would back the closure of the US...

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...

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

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

For the second day in a row Countrywide was subject to two so-called Price Monitoring Extensions - temporary freezing of trading...

The London Stock Exchange twice froze trading in Countrywide’s shares yesterday after volatile movements - and a new record low price. The...

A PropTech analyst insists that the tumbling share price of Purplebricks on the London Stock Exchange does not indicate that the...

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

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

Online estate agent Emoov failed to tell crowdfunding investors it was losing £3m a month before its collapse, a Sunday paper claims. The...

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

Zoopla is radically changing its strategy by exploiting the freedom it has under its new private equity ownership. That’s the conclusion of...

Purplebricks has revealed that it’s given its new global chief operating officer 700,000 shares - valued at around £165p each that...

UBS, a Swiss multinational investment bank and financial services company based in Zurich and Basel, now owns approaching 10 per cent...

Rightmove has launched a share buy-back programme to run until late next month, February. Companies buy back their own shares to keep up...

Given that online property portals, dominated by a handful of websites, are by far the most popular home search method, it...

OnTheMarket has issued an upbeat statement about the Court of Appeal setting a date to hear Connells-owned Gascoigne Halman's challenge to a ruling...

OnTheMarket plc, the company which operates the OTM portal, gives its first formal stock market figures tomorrow morning, for the six...

OnTheMarket has this morning announced that it now has signed listing agreements with more than 11,000 estate agency offices - over...

A statement to the London Stock Exchange by eProp Services has cemented its role primarily as a PropTech firm. This is in...

Franchise giant Hunters has reported its latest results to the city, showing impressive growth despite a slow-moving property market. In the six...

Speculation is growing that Rightmove could drop out of the prestigious FTSE-100 within the next few days as the stock exchange...

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

OnTheMarket has seen another increase in listings to more than 10,500 offices, but it is repeating a warning that its free...

Countrywide’s share price defied the expectations of some analysts and rose over six per cent yesterday with the company moving from...

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