Foxtons: Share price soars after London estate agent outperforms market Property London estate agents Foxtons has reported double digit growth driven by market share gains in both sales and lettings. Revenue in the year ended December 2024 grew 11 per cent to £163m, from £147.1m in 2023, while adjusted operating profit grew 33 per cent to £19m, from £14.3m in 2023. Its share price rose nearly [...]
Foxtons acquires commuter town estate agents in expansion drive Business Estate agents Foxtons has acquired two smaller companies in commuter towns as it looks to expand its presence in the lettings market. Haslams, in Reading, and Imagine, in Watford, will be bought by Foxtons for £7.6m and £5m respectively. The acquisitions will increase Foxtons’ footprint to 64 branches, as well as delivering an extra 2,900 [...]
Foxtons: London estate agent boosted by strong property market Property London estate agent Foxtons delivered a third quarter of consecutive growth over the last three months, with revenue climbing eight per cent. Revenue at the estate agent climbed to £47.4m for the three months to 30 September, bringing total revenue for the nine months to the end of September to £125.9m, 10 per cent higher [...]
Foxtons: London estate agent hikes dividend as turnaround plan gathers steam July 30, 2024 London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being navigated by its new chief executive.
Mark Kleinman: Entain’s new CEO will be gambling with career June 13, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. Today, he looks at Entain’s future chief, Legal and General and Dexters Entain’s new CEO will be gambling with career Talk about a glutton for punishment. I hear that Entain, the FTSE-100 gambling [...]
Foxtons: ‘Value of homes under offer best since Brexit’ April 18, 2024 Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit.
Foxtons calls in Rothschild as pressure to sell mounts April 14, 2024 Estate agent Foxtons has hired merger and acquisition bankers from Rothschild amid growing pressure from its shareholders to sell itself for £160m by the end of the year.
Foxtons’ revenues jump as bumper London rents boost balance sheet March 5, 2024 Foxtons said rents in the capital had hit the 'higher for longer' stage as it reported a year of operational progress
Foxtons: House revenues dip as estate agent pins hopes on autumn rebound October 26, 2023 Foxtons said it expects revenues of home sales to lower than the prior year as it moves into the fourth quarter.
Foxtons profit jumps despite ‘challenging’ sales market July 27, 2023 Foxtons reported a jump in profit for the first half of the year, but warned that the wider sales market “continues to remain challenging”. The estate agency posted £6.1m in pre-tax profit, up from £4.3m year on year. Foxtons said that overall revenue for the period was up nine per cent to £70.9m as “strong [...]