The FY25 results for First Property Group plc (FPO.L) provide yet more confirmation of the improvement in FPO’s underlying financial condition and outlook. This is so far not reflected in a share price that still discounts perceived uncertainties. These, in fact, have been fully expensed, written down and/or ring-fenced. Efforts to create a more resilient financial base have progressed materially over the last twelve months. The group has raised cash via an Open Offer, cut operating expenses b ....