(Alliance News) - CoStar Group Inc on Tuesday fired a warning shot to UK online property website, Rightmove PLC, after announcing the acquisition of OnTheMarket PLC had been completed. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Says that shareholders voted for its takeover at its annual general meeting Monday. In October, OnTheMarket said it had agreed to a takeover from indirect CoStar Group Inc subsidiary CoStar UK Ltd for around GBP99 million. CoStar is a Washington, DC-based online real estate marketplace, information and analytics provider in the commercial and residential property sector. Says the special resolution was approved by 98% of shareholders. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - OnTheMarket PLC on Friday said that an independent proxy adviser recommended the company to be acquired by CoStar UK Ltd, a subsidiary of CoStar Group Inc. Read More
(Alliance News) - OnTheMarket PLC's proposed GBP99 million takeover by CoStar Group Inc is "not in the UK's national interest", according to letters sent on Thursday by Brett Stone, an investor who offered to invest more than GBP50 million in OnTheMarket last year. Read More
(Alliance News) - Stock prices in London closed lower Thursday, as investors were unable to shake off nerves around US interest rates, as well as the uncertain geopolitical situation in the Middle East. Read More
(Alliance News) - Stock prices in Europe were lower heading into Thursday afternoon, with the fear that tensions between Israel and its Middle Eastern neighbours could reach a boiling point. Read More
(Alliance News) - OnTheMarket PLC shares soared on Thursday after it agreed to a takeover from indirect CoStar Group Inc subsidiary CoStar UK Ltd for around GBP99 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(Alliance News) - Stock prices in London opened lower on Thursday, amid some disappointing updates from large-cap companies, which added to a gloomy market sentiment amid rising US Treasury yields and growing consternation in the Middle East. Read More
(Alliance News) - Stocks in London are expected to open lower on Thursday, as global equity markets take a hit from US Treasury yields hitting fresh highs, and the ongoing concerns about an escalation in the Middle East conflict. Read More
(Correcting to clarify that Brett Stone is not currently OnTheMarket PLC shareholder.) Read More
(Alliance News) - OnTheMarket PLC's management risks "destroying value" if it continues on its current path, a shareholder said on Monday, noting that the property portal also snubbed a "friendly proposal" for new investment. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Posts revenue of GBP34.4 million in the year ended on January 31, up 14% from GBP30.2 million the year before. Says the rise in revenue reflects "growth in paying customers, strong product sales and continued growth in New Homes". Swings to a pretax profit of GBP209,000 from a loss of GBP1.2 million, as operating profit is GBP124,000, compared to a loss of GBP966,000 the year before. Adjusted earnings before interest, tax, depreciation and amortisation rise by 38% to GBP8.0 million from GBP5.8 million the year before. Looking ahead, starts financial 2024 with current trading in the year-to-date in line with expectations. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Confirms that Tom Carter has started his role as chief financial officer. He is the former CFO of beauty brand business Brand Architekts Group PLC, from 2020 until just before starting his role at OnTheMarket. He was previously CFO at the London-based drug development services provider Proteome Science PLC. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Launches OnTheMarket Money, a new division providing consumers with access to financial services and other essential products associated with the home moving journey. Says OnTheMarket's first partnership under this new brand is with London & Country Mortgages, a whole-of-market mortgage broker in the UK, who will provide consumers with access to mortgage products and support via the portal. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Launches Your Property Services, a sales and lettings data nurturing service, designed to help estate agents generate additional revenue and win more instructions through valuations. OnTheMarket notes that Your Property Services was piloted last year, receiving positive feedback, and already has London-based estate agent Carter Jonas LLP as a customer. Read More
OnTheMarket PLC - Aldershot, Hampshire-based property listing website - Confirms appointment of Tom Carter as chief financial officer. Says he will join OnTheMarket and become a member of the board on July 3. Interim CFO Simon Bullock will remain with the group until August 4 to ensure a comprehensive handover. Read More
(Alliance News) - OnTheMarket PLC on Friday said it signed an agreement with estate agent Arun Estates Ltd for Arun to use OnTheMarket Software's TecLet platform across its entire lettings business. Read More