LSL Property reports robust trading performance

LSL Property Services reported a robust trading performance in an update on Thursday, on the back of the strategic transformation work it completed last year, which, combined with improving market conditions, had positioned the company for growth.

The London-listed firm, which was holding its annual general meeting, said that in line with its recent preliminary results, trading had remained ahead of expectations since its positive update on 6 March .

It said the outlook for the full year was in line with, and potentially slightly better than, the updated expectations reported at that time.

LSL said its focus remained on capitalising on improved market conditions and optimising the performance of its businesses, with a clear emphasis on delivering value to shareholders.

The company was actively developing its plans and looked forward to providing more detailed updates as the plans progressed.

LSL said it would provide a further update on its performance in its interim results scheduled for September.

At 1027 BST, shares in LSL Property Services were up 4.56% at 330.4p.

Reporting by Josh White for Sharecast.com.