Full Year Results 

Foxtons trims costs amid market decline

Foxtons trims costs amid market decline

Sluggish UK housing transactions continued to weigh on Foxtons (FOXT) house sale revenue during 2019, although cost-cutting efforts helped stem losses. Four under-performing branches were shut in the period, while the decline in operating costs outweighed the fall in revenue, meaning operating losses more than halved to £6.3m.

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