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
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.
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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