Foxtons has continued its aggressive expansion with the opening of three London branches so far this year.
The new branches are in Greenwich, Beckenham and Earl’s Court. Stoke Newington and Harrow will open next month and a further two will debut in the autumn. Foxton’s shares closed down 1.3% at 315.9p after the London estate agent warned that the sharp upturn in property sales in the capital had depressed lettings demand and rents. The company posted a 44% increase in first-quarter earnings to £10.9m. Overall revenues climbed 19% to £34.1m.
30/04/14 Financial Times 23
Times 36
Daily Telegraph B5
