Company
Foxtons Plc
LON:FOXT
Founded in 1981, Foxtons started life as a two-person agency in Notting Hill. Over the years we are proud to have become London's leading estate agent.
119 stories · page 1 of 2
London housing market down by a quarter over past three months, says Foxtons
Strong lettings business offset the slide in house sales
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FTSE 100 Live: Blue-chips fall 1.3% to end worst week in two months
London's blue chips firmly in the red
Foxtons hopes pinned on rentals as higher mortgage rates yet to bite
Foxtons will provide an update on third-quarter trading on Thursday, 26 October
UK house prices 'more affordable' on wage growth but high interest weighs
Britain’s house price to income ratio has fallen since June last year
Interest rate hikes lead buy-to-lets buyers to splash the cash
Landlords are increasingly avoiding buy-to-let mortgages, Hampton's said, as competitive deals become a thing of the past
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Market movers: ITM Power slides after profits warning
A look at some risers and fallers on the market today.
Foxtons reports strong third-quarter performance, expects full-year results to be ahead of initial forecasts
The estate agency group said its revenue increased by 25% compared to the same period in 2021, up to £42.8mln from £35.1mln
Foxtons warns London's rental market shows no sign of easing
Central London, unsurprisingly, had the highest average weekly rent at £627
Foxtons reports higher lettings sales and profits despite falling revenues and financial services
Its shares advanced 4.1% to 43.3p following the news
Foxtons nabs new CEO from London rival Chestertons
Gittins has been Chestertons CEO since 2018, having had his first job with Foxtons.
Foxtons takes on more sales staff after good start to 2022
"Our sales business has continued to deliver market share growth and entered the second quarter with a healthy under offer pipeline," said boss Nic Budden
Inner London residential rents rise for first time since the pandemic
The rate of growth is still significantly lower than the rest of the country
Foxtons chairman to stand down two months after pay revolt
Foxtons shares are worth about half their value of five years ago.
Foxtons reveals strong revenue growth driven by accelerated London property lettings and sales
Chief executive Nic Budden says the strong trading momentum is expected to continue through the second quarter.
Foxtons bumped up to ‘add’ by Peel Hunt as London sales market recovers
Analysts nearly doubled the target price to 70p from 36p following the Douglas & Gordon acquisition
Foxtons higher as it cuts losses sharply in 2020
The estate agent highlighted a £15.9mln reduction in its operating costs during the year which it said had offset a decline in revenues
Foxtons to hand back cash through buyback as house sales bounce
The company raised £22mln in April but now says it has excess cash
Foxtons remains cautious of coronavirus impact on London housing sales and lettings
“Whilst there continues to be uncertainty over the speed of recovery as tenants remain cautious,” the company said, though it pointed to forward-looking metrics indicating a rise in new tenancy volumes
Foxtons housing sales commissions fall 61% due to coronavirus lockdown
The estate agent says its agents will use appropriate PPE including hand sanitiser, face coverings and gloves when visiting properties
Foxtons joins share placing rush as London housing market dives with coronavirus lockdown
The placing will be up to 19.9% of its issued share capital at 40p per share
Foxtons bracing for “inevitable material disruption” due to coronavirus
The London estate agency is reviewing potential actions that will protect cash
Foxtons flops as earnings hit by tenant fee ban
The ban, which came into force in June, resulted in a £2.7mln hit to the estate agent's lettings business
Foxtons sees better 2020 for London housing after year-end pick up
The tenant fee ban cost £2.7mln as management chose not to increase other fees
Foxtons’ quarterly revenue hit by tenant fee ban, weak housing market
Group revenue for the third quarter was down 7% year-on-year to £32mln, with house sales and letting revenues plunging 15% and 4% respectively
Foxtons' losses rise as London housing market stays down
Weak prices and flat volumes combined to reduce sales revenues by 10%
Builders and building materials
Blue chip builders boosted as housing market brightens up according to surveyors report
A survey of surveyors showed interest among house buyers rose for the first time in more than two and a half years
Foxtons says London housing market remains 'challenging'
"Sales volumes continue to be at record low levels and ongoing Brexit uncertainty is impacting consumer confidence," the estate agency group said
Purplebricks turns red again on double downgrade by Berenberg after profit warning
“The changing affordability dynamics in the UK housing market have resulted in a contracting fee pool as the secondary market has stagnated,” Berenberg said
Investments and investor services
FTSE 100 closes in positive territory, boosted by better-than-expected US March jobs figures as Brexit uncertainty continues
"Small gains are the order of the day aside from in the UK, where again sterling weakness has allowed the FTSE 100 to register some reasonable gains," says Christ Beauchamp from IG
Foxtons slumps into red as London housing market sinks lower
Revenues from house sales were 15% lower and this side of the business posted a big loss
FTSE 100 closes lower as Chinese data dents sentiment
The UK's premier share index closed down around 32 points at 7,074
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IAG, Rolls Royce and British American Tobacco on the agenda for busy blue chip Thursday
Its set to be a busy day for blue-chip news in London on Thursday.
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Hotchpotch of blue-chip results set to flow in coming week from likes of Rolls-Royce, ITV, WPP
The Week Ahead will also bring a trading update from AB Foods, plus final results from Standard Chartered, IAG, Persimmon, Rightmove, as well as the latest US GDP data
Foxtons reports 80% dive in annual profits as UK home sales continue to fall
“2018 was one of the toughest sales markets we have ever had in London with transactions falling from last year's historically low levels”
FTSE 100 closes with strong gains but Budget provides little impetus for enthusiasm
The FTSE 100 closed strongly as it joined a global rebound off last weeks volatility, however the latest Budget did little to help matters along
Foxtons dives into the red as London housing market remains subdued
Demand for rental properties remains high but had little impact on average rental prices as the supply of rental properties has returned to more normal levels.
Investments and investor services
FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Advertising key to ITV's latest results broadcast; Taylor Wimpey continues housebuilder updates
Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
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Housebuliders step up to the podium in busy week of corporate earnings
The week ahead includes a slew of full year results, including from Taylor Wimpey, Persimmon, GKN, Capita, AB Foods and WPP
Foxtons expects 2017 earnings and revenue to fall, current year to remain challenging
The London-focused estate agents said it expected its revenue to fall by around 12% to £117mln, with adjusted underlying earnings (EBITDA) to drop by 40% to around £15mln
Countrywide issues profit warning after glum fourth quarter
2017 revenues will be around £672mln, versus market expectations of £698mln. EBITDA of around £65mln is well below the £71.5mln that had been expected by UBS
Investments and investor services
Rio Tinto and Glencore rise on Chinese stats
A look at some of the top risers and fallers in London today.
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
Investments and investor services
FTSE 100 closes in red as market awaits US jobs report
UK stocks could do with a catalyst and tomorrow's US jobs numbers might provide it
Foxtons sees revenues slide again but hints it is riding out the storm
"This was a resilient third quarter performance when set against the challenging conditions in the London property market”
Greatland Gold surges again after Ernest Giles project extension move
A look at some of the biggest risers and fallers today in London
Purplebricks shares surge as Berenberg initiates coverage at 'buy' and sees 'significant' growth
Berenberg said Purplebricks is its preferred stock in the sector while it is "disliking" Countrywide and Foxtons
Profits slump at estate agents Foxtons and Countrywide as house sales in London dry up
Property sales tumbled by a third in the half year to June
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FTSE 100 closes nine points lower as AstraZeneca weighs
It's been a busy day here in London; 15% of FTSE 100-listed companies have had some sort of meaningful news out...
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Lloyds to report strong quarterly figures in first results since government sold remaining stake
Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
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Lloyds and Barclays to dominate manic week of corporate earnings
Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Estate agent Foxtons sees first-quarter revenue drop by 25% as sales commissions almost halve
The London-focused group's revenue in the first three months of the year dropped to £28.7mln, down from £38.4mln a year earlier, but up from £26.4m in the fourth quarter of 2016
FTSE 100 closes lower as Trump fears grow; Dow Jones crashes
The UK blue chip index closed down 18.56 points at 7,503
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Mitchells & Butlers PLC running out of elbow room in the restaurant sector
Wednesday preview: Competition is hotting up in the pub grub sector for Mitchells & Butlers, while London house prices and lettings fees are cooling for Foxtons.
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Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
Brexit and stamp duty take their toll on headline figures at Foxtons
Group revenues were down 12%, while pre-tax profits more than halved
Investments and investor services
FTSE 100 ended lower despite sterling weakness and Budget boost to builders
FTSE 100 shares ended down on Wednesday with sterling nursing a seven-week low despite a lift for construction stocks following the UK Finance Minister’s Budget pledge of a mini Trump boost to infrastructure
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G4S to benefit from Trump's military spending plans as it reports full year earnings
US President Donald Trump's plans to increase defence spending may lend support to G4S while The Restaurant Group's new chief executive has plenty of work ahead after its struggles
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Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
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Roll-outs: The good, the bad and the ugly
He's one of the big players in UK fund management, although for the purposes of this column his identity is a closely guarded secret as he gives his views on investment from the heart of the Square Mile.
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Foxtons on the run
The following items are trending on the social networks: Profit warnings from Foxtons and Cobham; sale of c2c franchise to Italian firm
London-focused estate agent Foxtons says 2016 earnings almost halved and sales could continue to fall this year
The high-profile London estate agents said its underlying earnings (EBITDA) fell by 46% to £25mln 2016, lower than the £28mln market consensus forecast.
FTSE 100 hits 10th successive record high close
FTSE 100 shares appear positively related to the Nasdaq as the London ticker again hits a fresh record high on Wednesday - its tenth successive
Trending - Marston's, Hammond, Countrywide, housing and more
A look at some of the trending topics of the day - 24 hours on from the Autumn Statement
Estate agents slump on letting fees worries
The Chancellor is expected to ban letting agents from charging fees to tenants in his Autumn Statement today, which could hit profitability
Foxtons zips up despite weak sales in London
Revenue from sales in the three months was £12.2mln compared to £18.5mln in the same period of 2015
Oil, gas and mining stocks outshine housebuilders after 'Brexit' - broker
Oil & gas and mining stocks have survived the 'Brexit' fallout largely unscathed
London shares recover thanks to financials
London shares recovered to close firm on Friday, after a session most spent in negative territory, after a strong performance from financial stocks, especially bank Barclays
London’s FTSE100 drops below 6000 as Brexit woes deepen
London’s FTSE 100 index closed below 6,000 on Monday, and dropped by nearly as much as it lost on Friday in the wake of the shock UK referendum decision to quit the European Union