Foxtons chief exec takes leave

Property agency Foxtons said yesterday its chief executive Michael Brown would be taking compassionate leave, and that its chairman and chief financial officer would work closely to ensure the smooth running of the business. The company declined to comment further on the length of Brown’s leave. Foxtons has had a strong stock market performance since floating in September last year. Its shares closed yesterday at 365.1p, 59 per cent above its 230p offer price.