• Cedar House, Caen St, Braunton EX33 1AH

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Countrywide share price dives over 50% after takeover collapse

Countrywide’s share price has dived over 50 per cent during the course of the day, following news of LSL pulling out of takeover talks. The share price dropped by around a third within minutes of the LSL move; during the morning it worsened further and by lunchtime it was down over… Source: Estate Agent News

Disaster for Countrywide as LSL pulls out of takeover talks

In a very brief announcement to the City and to its shareholders this morning, LSL Property Services made clear that it was pulling out of takeover talks with Countrywide. The statement reads: “On 24 February LSL Property Services plc ("LSL") and Countrywide each confirmed they were in discussions regarding a possible… Source: Estate Agent News

Conquering Corona: guidance and news for agents facing the virus

Estate Agent Today is launching a daily service to help agents facing the Coronavirus threat. This is where you’ll find news, advice and government guidance for our industry. If you have ideas and information to help colleagues beat the virus please tell us on press@estateagenttoday.co.uk. In the meantime, here's our first daily update: – Some… Source: Estate […]

Top agency rocked by large number of senior figures quitting

Estate Agent Today understands that the Knight Frank agency has been hit by a large number of branch office heads quitting in a short period. Over the past six months it's understood the office heads of the Kensington, Richmond, Victoria, Clapham, Islington, South Kensington, Battersea and Wimbledon branches have departed. All… Source: Estate Agent News

Purplebricks faces takeover as shares slump, predicts analyst

Purplebricks faces an imminent takeover bid following the collapse of its share price, predicts a leading industry analyst. Andrew Stanton has already claimed that some £481m had been spent in operation costs for Purplebricks since 2015 while it generated £363m in revenue over the same period. After taking into account £187m raised from investors… Source: Estate Agent […]

Property Jobs Today – new jobs, new people, new companies,…

Hello and as it’s Monday it’s PJT Day – and there are plenty of people moving jobs in our industry even with the current concerns affecting the spring sales market. You know the drill by now : if there are staff changes in your firm or branch, please let us know… Source: Estate Agent News

Rightmove market report outpaced by Coronavirus impact

Rightmove’s latest market snapshot, released this morning, appears starkly at odds with the situation described by some agents in recent days. “The key metrics so far all point to a much more active market than last year” says the portal’s report. It adds: “Sales surge pushes new-to-market prices to record high.” However, today’s… Source: Estate […]