OTM moves into profit

Connells, which is in the process of buying a majority stake in Countrywide Plc, has signed a "landmark" five-year agreement with Zoopla, setting itself up as the property portal's first "innovation partner".

The Bruce brothers' new venture is now "progressing to the final stages before launch."

The founder of Britain's most successful hybrid estate agency, Purplebricks, is about to launch his next big venture: taking on Rightmove and Zoopla with a new portal that's being billed as "the next generation…