Mar
08
Foxtons Warns London Home Sales Market Will Remain ‘Challenging’
ByFoxtons Group Plc, the London-focused property broker, said trading will remain “challenging” this year and sales volumes will likely be below 2016 if activity continues at current rates.
The broker dropped as much as 3.6 percent after pretax profit fell 54 percent to 18.8 million pounds ($22.9 million), missing estimates. Analysts had expected about 19.5 million pounds. The shares were largely unchanged at 9:14 a.m. in London trading and have fallen more than 41 percent since the day of the Brexit vote…
Foxtons Warns London Home Sales Market Will Remain ‘Challenging’
