Foxtons’ shares up almost 13 per cent after revenue spikes by a quarter on last year October 27, 2022 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 [...]
City Moves: Who’s switching jobs in the Square Mile this week? October 27, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. InMotion InMotion Ventures, the venture capital arm of Jaguar Land Rover, has appointed a managing director as part of the firm’s latest innovation strategy. Mike Smeed, who will oversee investment in mobility start-ups, joins from Chery [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 26, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Chestertons London’s oldest estate agency Chestertons has recruited a fresh head of sales to oversee the firm’s 31 branches. Matthew Thompson, who launched his career at Foxtons, brings over 15 years’ experience in London’s property markets. The [...]
Supply and demand continue to wreak havoc on London rents, says Foxtons August 24, 2022 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 [...]
City Moves: Who’s switching jobs in the Square Mile? August 17, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Royal Park Partners Fintech financial advisory firm Royal Park Partners has built out its leadership team with an ex-Barclays dealmaker. Joining as a senior director, Niccolò Gamaleri will help support fintech founders and private equity-backed companies through [...]
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 [...]
The City View: Sainsbury’s to cut prices, and the importance of UK private equity May 30, 2022 Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK’s employment market, and how vital they are for companies looking to scale up. And in the headlines: Sainsbury’s CEO Simon Roberts has said that the supermarket [...]
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 [...]
Foxtons throws £10.5m at growing London property market share with two takeovers May 26, 2022 Estate agents Foxtons has thrown £10.5m at two takeovers, in a bid to snap up an even larger share of London’s property market. The London-listed group has bought IMM Properties, which trades under the name Gordon & Co in South London, as well as Stones Residential in North London. The deals are expected to improve [...]
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.