Foxtons’ chair steps down in wake of ‘impaired’ trading performance July 7, 2021 Chairman Ian Barlow has announced his intention to step down from Foxtons’ board later this year, after the estate agent’s share price plummeted during the Covid pandemic. Barlow will step down no later than 31 December 2021 after nearly nine years on the board. Foxtons has had a tough year fending off criticism from [...]
Foxtons to review chief’s pay following shareholder revolt April 22, 2021 Foxtons will review its remuneration policy after nearly 40 per cent of shareholders voted against executive pay packages. Foxtons faced criticism from investors and shareholders groups over its decision to award CEO Nic Budden almost £1m in bonuses for the year. Shareholders’ concern centred on the group paying out bonuses to executives despite a sharp [...]
Foxtons sees revenues rocket amid stamp duty-driven housing boom April 14, 2021 Foxtons has seen impressive revenue growth in the three months to 31 March, at a time when house prices are at an all-time high amid the stamp duty holiday. Group revenue at the estate agent in the first quarter of 2021 stood at £28.5m, up 24 per cent on the same period last year. [...]
Foxtons revenue rebounds in 2021 after lockdown hit London sales and lettings last year March 10, 2021 London estate agent Foxtons this morning said revenue had boomed at the beginning of this year as the market continued to be buoyed by pent-up demand and the stamp duty holiday. Foxtons said revenue for the first two months of 2021 is “well ahead” of both last year and 2019, with the sales commission pipeline [...]
Foxtons revenue dips despite pent-up lockdown demand October 29, 2020 London estate agent chain Foxtons said business picked up “significantly” in the third quarter, but admitted that rents had fallen due to weakening demand. Group revenue for the three months to 30 September was £28.5m, down 10 per cent compared to last year. Foxtons’ share price fell more than four per cent this morning as [...]
London estate agent Foxtons reports widening losses after coronavirus lockdown July 28, 2020 London estate agent Foxtons this morning said it was confident in the capital’s “resilient” housing market, despite reporting widening losses for the first half of the year due to coronavirus restrictions. The figures In the half year to 30 June group revenue fell 22.2 per cent to £40.4m as the housing market was brought to [...]
Foxtons will take ‘all necessary steps’ to stay in business amid coronavirus outbreak March 20, 2020 Foxtons issued a trading update this morning advising that it will take “all necessary steps” ahead of the “inevitable material disruption to trading in the coming months.” The estate agent reassured investors that the first 11 weeks of the financial year had been in line with expectations but warned that the “significantly weakened economic outlook” [...]
Foxtons chair steps down after turbulent year September 26, 2019 The chair of Foxtons said he would step down this morning after half a dozen years at the head of he board during which the share price has plummeted. Gary Watts will have stepped down by the time the real estate agent holds its annual general meeting in May next year. Read more: Foxtons sales [...]
Foxtons sales suffer in London property market downturn July 26, 2019 Sales at estate agents Foxtons suffered in the first half of the year due to a downturn in the London property market. The figures Group revenue declined by 3.5 per cent to £51.1m and losses deepened from £2.5m in the first half of 2018 to £3.2m this year. Revenue in Foxton’s letting business was flat [...]
Revenue falls at Foxtons as tough London housing market takes toll May 20, 2019 Estate agents Foxtons said revenue fell in the first quarter which it blamed on challenging conditions in the London property market. Foxtons, which has its annual meeting today, said sales volumes continued to be at record lows and Brexit uncertainty is impacting on consumer confidence. The company also said chief financial officer Mark Berry is [...]