Hunters issues shares to buy lettings book

The York-based firm, which last week posted a strong set of results, is eyeing up expansion.

Hunters, which floated on the Alternative Investment Market earlier this year, said it expects to see a r​obust pipeline of new branch openings in ​the second half following a 14 per cent increase in half year profits.

The group, whose chairman is the Tory MP for Thirsk and Malton, Kevin Hollinrake, said that it expects to see full benefit of the large number of new branches added to the network in the first half and it is confident of continued growth of its franchise network and meeting the board’s expectations for the full year.

Harry Hill, chief executive officer of Hunters Property Plc, said: “We made significant strategic progress in the first half of 2015, expanding our branch network and investing for the future.”

He added: “Our admission to AIM on July 2 is an important step in continuing the strategic vision of the company, which has ambitious plans for growth, both organically and through acquisition.”