London Stock Exchange
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Latest property news
Rightmove shares tumble after big bank tells investors to sell
The portal suffers one of the biggest drops on the Stock Market after JP Morgan advises shareholders to release their holdings.
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Latest property news
Winkworth share price jumps by 13% following upbeat full-year results
Shares in Winkworth jumped by nearly 13% yesterday on the London Stock Exchange following the publication of its results for 2019. Although the firm admitted that last year was a ‘difficult period’ for its franchisees across London and the South of England, City investors hoovered up its stock, pushing the Winkworth share price from £1.41p to £1.50 in a matter of minutes following its full-year trading results. The highlight of these were increased market share which in London rose from 3.6% in 2018 to 4.2% last year putting it in second place for SSTC and in fifth place for new listings with just over 3% of the market. The company wouldn’t tell The Negotiator who the No.1 in London was ahead of its SSTC performance but looking at Rightmove data, it’s most likely to be Savills. Difficult market Both companies are operating in a very soft market; Winkworth says prices within prime central London are up to 20% lower than the 2014 peak and 10-15% down in outer London. But its branches outside London have seen a recent uptick in transactions as the Brexit logjam appeared to shift during the run up to the General Election. “Our professional network and…
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Latest property news
Trading in Countrywide shares frozen as price hits new all-time low
London Stock Exchange twice briefly suspends trading yesterday as speculation over potential sale makes for volatile trading in its stock.
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Purplebricks stocks sinks to all-time low of £2.09p a share
The Purplebricks share price has hit an all-time low of £2.09p a share following a four-month slide off its highest price of just over £5 a share.
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Latest property news
Trump’s trade war with China wipes millions off value of industry big names
Donald Trump's to balance the importing and exporting books with China has had a direct and surprising effect on UK property PLC share prices.
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Features
Was it all purple? Who were the 2017 property industry winners and losers?
Overall the London Stock Exchange has risen by approximately 7% over the past 12 months although it featured some dramatic drops during February, May and September as Brexit has taken its toll. These have been mirrored within the property industry as both Brexit but also several much reviled government initiatives including higher Stamp Duty and the fees ban, have been announced. And the ten property sales and letting companies that list on the two main stock markets in London – the LSE and AIM – have been part of this story. Here’s how they’ve fared. Share prices Purplebricks – up by 152% After a stunning start to the year which saw its share price rise from £1.50 to £5.13 by August, a recent BBC investigation, several ASA reprimands and problems with review sites, investors have cooled their ardour for its stock, which finishes the year at £3.78p – but still 152% up on January. Savills – up by 41% While everyone’s been talking about Purplebricks, Savills share price has been skyrocketing without too many people noticing, up from £6.88 in January to £9.71 today – an increase of 41%, helped mainly by its global exposure to both booming commercial and…
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Agencies & People
Hunters takes aim at London float
Hunters is preparing to float on the AIM market of the London Stock Exchange to take advantage of the improving residential property market. The large estate agency firms, which has over 150 branches, the vast majority of which are franchised, has already appointed Numis Securities as Nominated Adviser and Broker with a view to start trading on AIM by the end of next week. Kevin Hollinrake (left), the Chairman of Hunters, who was recently elected as a Conservative MP, said, “Hunters is a highly ambitious company. Our success to date has been born out of our focus on providing our customers with an exceptional service combined with local market knowledge. The Group is excited about its next chapter as a public company. This status will help to further enhance the Hunters brand and provide access to capital to accelerate business growth.” Hunters last week welcomed Norfolk-based Kudos Residential to its fast growing network estate agents. All seven of Kudos Residential’s branches, located across the county, including the main towns and cities of Norwich and Great Yarmouth, have all been rebranded. Glynis Frew (right), Managing Director of Hunters Property Group, said, “This is another exciting milestone for Hunters. As we continue…
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