Liquid error: wrong number of arguments (2 for 1) Stockopedia: Buoyed by Estate Agency Growth | Marsh & Parsons Sales and Lettings Estate Agents London

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Stockopedia: Buoyed by Estate Agency Growth

Wed 27 Mar 2013

Buoyed by Estate Agency Growth

Mar 27th 2013 - today published a report on update entitled "Buoyed By Estate Agency Growth". In summary, the report says:

Strong growth in estate agency income in FY12 was driven by lettings and a full year of Marsh & Parsons. This offset lower-than-expected surveying income; a combination of anticipated losses of lender contracts, plus surprise falls in contributions from clients such as Santander whose UK mortgage market share fell y-o-y. Marsh & Parsons, LSLs London-based estate agency is poised for expansion; four new branches are planned this year. There was no further provision for professional indemnity (PI) claims which have tracked as anticipated since June 2012. Despite theoretical potential for new claims, the risk appears satisfactorily covered.

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edisons research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority

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