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A glance at some of the day's highlights from the Proactive Investors newswire
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LON:BLV
Belvoir Group PLC operates a nationwide property franchise group with 487 offices across seven brands specialising in residential lettings, property management, residential sales and property-related financial services. With its central office in Grantham, Lincolnshire, the group manages 75,000 properties and reported record revenues of £33.7m in 2022 marking Belvoir's 26th year of unbroken profit growth.
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at today's major risers and fallers in London, including Advanced Oncotherapy, Tekcapital, IDOX, RedstoneConnect, Dixons Carphone and Renold
In the current markets, the pound fell 0.49% against the US dollar at 1.1472..
Belvoir pointed out that its franchisees completed on ten portfolio transactions in the period, adding £3.2mln network revenue, nearly 2,500 managed properties and £0.3mln per annum of recurring management service fees
Some 80% of Belvoir’s revenue comes from letting, which insulates it to a large degree from the ‘disruptors’
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A glance at some of the day's highlights from the Proactive Investors newswire
The medical diagnostics group is planning on closing its sites in India and Germany as it looks to get back to profitability from a smaller revenue base
Franchise fees due to Belvoir rose by 23%, with underlying profits climbing by 39% to £4.9mln
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US
Investments and investor services
Tuesday brings Robert Walters first quarter trading statement, it will be the first in the series of updates from the sector.
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The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Monday
Sterling added 0.01% against the Euro to 1.1434, while against the US dollar, it added 0.60% to 1.4232.
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A glance at some of the day's highlights from the Proactive Investors newswire
"We are cautious about the outlook for the year ahead, but we remain confident that we have the resources and personnel to deliver profitability to our shareholders," Tandem said.
The AIM-listed firm said the acquired properties, located within Welwyn Garden City and St Albans, will increase group management service fees (MSF), Belvoir’s main revenue stream, by £400,000 in the first six years of ownership
Investments and investor services
Investors didn't want to venture into shares today, or outside much in the UK for that matter
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in the London market on Wednesday
Management service fees increased by 22% year-on-year, while group revenue rose 13% to £11.1mln
The UK blue chip index closed up 138 at 7,279 - above the day’s peak of 7,255.
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the biggest risers and fallers in the London market on Wednesday
Belvoir loans its franchisees up to 30% of the deal value to help them grow their portfolios
Investments and investor services
On a separate note, Mifid II comes into force today with the aim of increasing transparency and making everyone in the investment chain more accountable for their decisions
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A glance at some of the day's highlights from the Proactive Investors newswire
The trading update was short and sweet. Liberum responded by increasing its target price.
Robert Walters sprang a pleasant surprise on the market with an unscheduled trading update.
Belvoir said Brook’s net written business is also running at over 40% ahead of the average business achieved in the first seven months of 2017, prior to being acquired
“Lack of a deposit and affordability are certainly not the only factors that are driving tenant demand"
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A look at some of the day's highlights from the Proactive Investors newswire
Belvoir Lettings is “disappointed” that directors of The Property Franchise Group have declined talks about a possible merger offer
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It was another busy day for London's junior miners, drug developers and technology groups.
Belvoir made a cash and share approach to TPFG in October worth 130.5p per share or £33.7mln in total
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A look at some of the day's highlights from the Proactive Investors newswire
Belvoir central office provides practical support and part funding for franchisee-led acquisitions, something that was not available to Northwood franchisees under previous ownership
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A round-up of the small cap news stories on Monday, November 6.
"This is an absolutely stunning result and I could not be prouder of Belvoir," said Dorian Gonsalves, chief executive officer of Bevoir
Belvoir Lettings recently posted impressive half–year figures against a difficult backdrop for the UK property sector
Management services fees (MSF), the bulk of revenue, rose 47% to £3.8mln
FTSE 100 shares ended firmer on Thursday after a late recovery accompanied news from insurer Direct Line
Some of the major share price risers and fallers in London on Monday
The February trading update sent analysts scurrying to their calculators to upgrade their forecasts