Group now says the value of its shareholding in the hybrid agency is worth £7.4 million as it also announces profits down by 24% during 2018.

David Newnes and Nigel Favas have set up a new company to operate the offices as franchisees.

Company says that although half a dozen branches are closing, 11 enlarged 'keystone' branches are to be established.

As hundreds of Your Move and Reeds Rains staff face losing their jobs, hybrid agency says it has agreed deal with parent company to finance franchise offer.

Just days after announcing that it would close 43 offices across the UK as part of a wider network reduction, branches have already begun closing and staff laid off.

Your Move and Reeds Rains parent company LSL has reported buoyant trading for the final six months of 2018, helping the company beat its own forecast for the year. The group, which…

Read how profits and turnover have increased at the UK's 2nd largest high street operators despite the political uncertainty created by Brexit.

LSL's latest results for the first half of 2018 reveal a struggling sales division but better performances by lettings and mortgage divisions.

Estate agency corporate LSL boosted its performance last year with a £5.6 million windfall from the sale of its shares in the Guild of Professional Estate Agents, its preliminary results reveal, lifting…

The trading environment for estate agents appears to be improving, if the latest trading update from the UK’s largest sales and lettings corporate LSL is anything to go by. Group revenue increased…