OnTheMarket update helps shares higher

Shares in AIM-listed estate agency portal OnTheMarket (LON:OTMP) climbed by 9.39% to 134p (as of 15:15 GMT) following a trading update. The company said that revenues and operating profits for the year would exceed market expectations.

CFO Clive Beattie commented: “As we approach our financial year end, I am pleased to report on a strong performance since our interim results announcement, achieved through the continued hard work and commitment of my colleagues and the support of our loyal customers.

“Our revenue growth and financial discipline form the strong platform from which we will continue to provide increasing value to our customers, whilst our agent ownership and support, and our commitment to fair pricing, will continue to differentiate OnTheMarket.”