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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