OTMP.L Share News (OTMP)

OnTheMarket to be taken over by CoStar in £99m deal

(Sharecast News) - OnTheMarket said on Thursday that it has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.

OnTheMarket to be taken over by CoStar in £99m deal

(Sharecast News) - OnTheMarket said on Thursday that it has agreed to be taken over by US commercial real estate information group CoStar in a £99m deal.

LONDON BRIEFING: OnTheMarket agrees takeover offer with CoStar

(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.

CORRECT (Jul 31): Would-be OnTheMarket investor hits out at strategy

(Correcting to clarify that Brett Stone is not currently OnTheMarket PLC shareholder.)

OnTheMarket investor hits out at strategy after getting cold shoulder

(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.

UK shareholder meetings calendar - next 7 days

IN BRIEF: OnTheMarket swings to annual profit as revenue jumps

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.

OnTheMarket cautious after year of solid growth

(Sharecast News) - Property marketing platform OnTheMarket reported significant growth in revenue, EBITDA, operating profit, and profit before tax in its full-year results on Monday.

IN BRIEF: OnTheMarket new CFO Tom Carter starts role

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.

IN BRIEF: OnTheMarket launches new division 'OnTheMarket Money'

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.

OnTheMarket launches new valuations-focussed service for agents

(Sharecast News) - Property portal operator OnTheMarket announced a new service called 'Your Property Services' (YPS) on Friday.

IN BRIEF: OnTheMarket launches sales data service to aid estate agents

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.

New OnTheMarket CFO to take up post in July

(Sharecast News) - OnTheMarket updated the market on the appointment of its new chief financial officer on Friday.

IN BRIEF: OnTheMarket names Tom Carter from Brand Architekts as CFO

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.

OnTheMarket signs software agreement with Arun Estates

(Sharecast News) - OnTheMarket said on Friday that it has signed a software agreement with estate agency group Arun Estates.