Advertisement
UK markets close in 6 hours 1 minute

  • FTSE 100

    7,824.28
    -52.77 (-0.67%)
     

  • FTSE 250

    19,275.04
    -175.63 (-0.90%)
     

  • AIM

    740.84
    -4.45 (-0.60%)
     

  • GBP/EUR

    1.1680
    -0.0003 (-0.03%)
     

  • GBP/USD

    1.2449
    +0.0011 (+0.09%)
     

  • Bitcoin GBP

    51,936.33
    +2,541.96 (+5.15%)
     

  • CMC Crypto 200

    1,331.83
    +19.20 (+1.49%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • CRUDE OIL

    83.36
    +0.63 (+0.76%)
     

  • GOLD FUTURES

    2,397.40
    -0.60 (-0.03%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     

  • DAX

    17,667.86
    -169.54 (-0.95%)
     

  • CAC 40

    7,960.67
    -62.59 (-0.78%)
     
Property:

11 beautiful homes with glorious garden rooms

Investing in a home with a garden room will enable you to enjoy your outside space whatever the weather

BUZZ-UK estate agents: Peel Hunt says commission rates to head south

Reuters - UK Focus

** UK estate agent under pressure after brokerage Peel Hunt says average commission rates are heading only heading in one direction - down

** London-focused Foxtons down 3.7 pct & 3rd top loser on FTSE 250 after brokerage starts with "sell" rating & TP 230p vs analyst avg mean TP of 220.44p

** "Estate agents operating in London potentially face the greatest downside to commission rates given the absolute savings that vendors can make using a fixed price agent," brokerage writes

** Peel Hunt initiates three peers with "hold" rating & pegs TP for Countrywide (LSE: CWD.L - news) at 560p (vs Monday close of 597.5p), Savills (LSE: SVS.L - news) 950p (vs 964.5p) and LSL Property Services (LSE: LSL.L - news) 405p (vs 402.25p)

** Foxtons up c.75 pct YTD, Countrywide 37 pct, Savills 42 pct & LSL reflecting 35 pct gain