Shares in Foxtons tumbled nearly 20% yesterday after the estate agent announced that its earnings for 2014 would fall below last year’s £50m.
Foxtons did not give any guidance on what its earnings would be, but analysts had forecast £57.3m.
Last month Foxtons’ former private equity owner BC Partners cash in half of its remaining stake, reaping more than three times its investment.
Financial Times, 14, 15, 21
Daily Telegraph Business, 3
Times, 49
