Fall out from mini budget STILL being felt by Foxtons, as estate agent reduces sales pipeline Estate agent Foxtons has said that it is still feeling the effects of the mini budget as the listed estate agent is forced to reduce its sales pipeline for the year. The London-listed group warned the effects will be felt for the “majority” of 2023, after October’s mini budget led to a sharp drop in house buying [...]
Foxtons’ shares up almost 13 per cent after revenue spikes by a quarter on last year Property Estate agent Foxtons’ shares were up almost 13 per cent after it reported a 25 per cent spike in revenue in the third quarter compared to 2021. Its overall intake was at £43.8m for three months to September compared to £35.1m last year in the same period. Following its reported results, Foxtons shares went up [...]
Supply and demand continue to wreak havoc on London rents, says Foxtons latest data Supply and demand constraints have continued to wreak havoc on London rental costs, according to the latest data. Central London produced the highest average weekly rent in the year to date at £627, a rise of more than a third in comparison with last year, research by Foxtons, one of the largest real estate agencies [...]
Lettings growth drives increase in revenue for London estate agent Foxtons July 28, 2022 Leading London estate agent Foxtons Group rode the wave of increasing lettings in the first six months of the year, despite a near 20 per cent drop in overall sales revenue. With the housing crisis continue to engulf much of the UK, Foxtons had a growth in revenue by three per cent. up from £63.4m [...]
Foxtons nabs Chestertons boss for CEO job as estate agent eyes larger London presence May 30, 2022 Foxtons has appointed Guy Gittins to head the London estate agent from this autumn. Gittins, who currently holds the title of chief executive at rival estate agent Chestertons, will take on the job of Group CEO at Foxtons on 5 September. He will be replacing Nic Budden, who has been CEO of the London-listed company [...]
Lettings head at Foxtons joins rapidly-growing Lomond Group to lead entry into London market March 9, 2022 Ed Phillips will leave his position to become the new group CEO at the Lomond Group, as the latter builds on a busy 12 months that included 25 key acquisitions.
Foxtons reports ‘much improved performance’ as profits hit top of expectations January 27, 2022 Foxtons announced it had a much improved performance in 2021 with profit at top end of expectations.
Foxtons reports strong results as renters return in droves to London October 28, 2021 Estate agent Foxtons has reported strong third quarter results, driven by sales transactions at their highest level in five years and rental tenants returning to their pre-Covid living arrangements in the City. The sales and lettings agency reported sales revenue of £38.3m, up 114 per cent from £17.9m in the third quarter last year, and [...]
Shareholder backlash forces Foxtons to review bonus policies September 29, 2021 Property giant Foxtons said this morning it plans to review its bonus policies after facing a backlash from shareholders who said they were too generous. Investors showed their fury at the company at its annual shareholder meeting in April with just under 40 per cent voting against an almost £1m bonus for its chief executive [...]
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 [...]