Foxtons Share News (FOXT)

Sunday newspaper round-up: IDS, Ocado, Foxtons

(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian

Foxtons boosts revenue in opening quarter as market conditions improve

(Alliance News) - Foxtons Group PLC on Thursday said it started the second quarter with its sales pipeline at the highest level since the 2016 Brexit referendum.

Foxtons hails strong start to year as sales market improves

(Sharecast News) - Foxtons hailed a strong start to the year on Thursday as the sales market improved and the London estate agent grew its market share.

HSBC starts Haleon at 'buy'

(Sharecast News) - HSBC initiated coverage of Haleon on Thursday with a 'buy' rating and 370p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.

UK earnings, trading statements calendar - next 7 days

UK dividends calendar - next 7 days

Foxtons "fundamentally transformed" as lettings business smooths cycle

(Alliance News) - Foxtons Group PLC on Tuesday said it outperformed a difficult property market in 2023, thanks to strong revenue growth from Lettings.

Foxtons profits drop amid 'challenging' sales market

(Sharecast News) - London estate agent Foxtons posted a decline in full-year pre-tax profits on Tuesday amid "challenging" conditions in the sales market.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Foxtons says Lettings arm drives revenue and profit beat

Foxtons Group PLC - London-based estate agency - Adjusted operating profit in 2023 is about GBP14 million, flat from GBP13.9 million in 2022 but above market consensus of GBP11.8 million. Revenue grows by 4.8% to about GBP147 million from GBP140.3 million, also beating market expectations, according to Foxtons. The estate agent says revenue continues to be driven by Lettings division, where revenue increased by about 16% to pass the GBP100 million mark. This more than offset revenue declines in Sales and Financial Services.

Foxtons beats expectations for revenue, operating profit

(Sharecast News) - Foxtons Group announced in a trading update on Thursday that it surpassed market expectations in 2023, with total revenue rising 5% year-on-year to £147m.

UK earnings, trading statements calendar - next 7 days

SMALL-CAP WINNERS & LOSERS: Foxtons soars; Ceres continues to shed

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Top Foxtons investor pushing for sale - report

(Sharecast News) - Foxtons shot higher on Monday following a report the estate agent's board has come under pressure from 10% of its shareholders to sell itself.

LONDON MARKET MIDDAY: Europe mixed before Fed minutes; Bayer plunges

(Alliance News) - European equities were mixed heading into Monday afternoon, in a cautious start to the week ahead of Tuesday's US Federal Reserve meeting minutes and a key UK fiscal policy announcement on Wednesday.