In a positive trading update yesterday The Property Franchise Group highlighted significant organic growth in the period with adj. PBT expected to be at least in line with market expectations of £30.0m. Revenues in 2H to October grew by 11% (tracking ahead of our previous forecasts of +7% in 2HE), supported by progress on strategic projects, a set of lettings-focused initiatives to support landlords and tenants (the Privilege programme) and strong mortgage and sales transactions. We have upgrade ....
