Half Year Results 

Foxtons hit by shrinking volumes

Foxtons hit by shrinking volumes

With no repeat of last year’s stampede to beat the stamp duty deadline, London-focused estate agent Foxtons (FOXT) was always going to struggle against some pretty tough comparatives. In the first quarter to the end of March, sales revenue fell 44 per cent followed by a 3 per cent decline in the second quarter as transactional volume continued its downward spiral. This helped send the share price down 5 per cent on the morning of these results being announced.

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