Foxtons: London estate agent hikes dividend as turnaround plan gathers steam Property London estate agent Foxtons has bucked a pallid property market to report healthy rise in revenue and profit, and raise its dividend, in yet another sign of the turnaround being navigated by its new chief executive.
Foxtons: ‘Value of homes under offer best since Brexit’ Property Estate agent Foxtons said improved market conditions helped drive housing sales revenue by 17 per cent in the first quarter of the year, with the value of homes under offer the best since Brexit.
Foxtons calls in Rothschild as pressure to sell mounts Property Estate agent Foxtons has hired merger and acquisition bankers from Rothschild amid growing pressure from its shareholders to sell itself for £160m by the end of the year.
Foxtons’ revenues jump as bumper London rents boost balance sheet March 5, 2024 Foxtons said rents in the capital had hit the 'higher for longer' stage as it reported a year of operational progress
Foxtons: House revenues dip as estate agent pins hopes on autumn rebound October 26, 2023 Foxtons said it expects revenues of home sales to lower than the prior year as it moves into the fourth quarter.
Foxtons profit jumps despite ‘challenging’ sales market July 27, 2023 Foxtons reported a jump in profit for the first half of the year, but warned that the wider sales market “continues to remain challenging”. The estate agency posted £6.1m in pre-tax profit, up from £4.3m year on year. Foxtons said that overall revenue for the period was up nine per cent to £70.9m as “strong [...]
Fall out from mini budget STILL being felt by Foxtons, as estate agent reduces sales pipeline March 7, 2023 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 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 [...]
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 [...]
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 [...]