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    FOXT   GB00BCKFY513

FOXTONS GROUP PLC

(FOXT)
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Delayed London Stock Exchange  -  11:35 2022-08-12 am EDT
41.75 GBX   +3.09%
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07/28TRANSCRIPT : Foxtons Group plc, H1 2022 Earnings Call, Jul 28, 2022
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Foxtons : British real estate agent Foxtons names Nigel Rich as chairman

09/17/2021 | 03:01am EDT
A Foxtons car is seen parked in west London

(Reuters) - London-based real estate agent Foxtons Group said on Friday industry veteran Nigel Rich will replace Ian Barlow as its chairman, effective Oct. 1.

Rich, a former chairman of estate agent Hamptons International and warehouse operator Segro, is taking over the role at Foxtons after Barlow said earlier this year he would resign.

Foxtons said Barlow will also step down as a director when the new chairman joins the board.

Sky News on Thursday reported about the imminent change, attributing it to "a period of pressure from its biggest investors". (https://bit.ly/3zcqHpS)

In July, Foxtons said it was reviewing strategic options, including a potential sale, for its mortgage broking business even as the company returned to a half-year profit after posting a loss for the previous two years.

(Corrects typographical error in story keyword used by media customers)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shounak Dasgupta and Devika Syamnath)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
FOXTONS GROUP PLC 3.09% 41.75 Delayed Quote.5.70%
SEGRO PLC 0.89% 1075.5 Delayed Quote.-25.13%
All news about FOXTONS GROUP PLC
07/29Best of the brokers
AQ
07/28TRANSCRIPT : Foxtons Group plc, H1 2022 Earnings Call, Jul 28, 2022
CI
07/28FOXTONS : Half-Year Results 2022
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07/28Foxtons Group plc Reports Earnings Results for the Half Year Ended June 30, 2022
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07/28Foxtons Group plc Declares Interim Dividend, Payable in September 2022
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07/26FOXTONS : 10 Cheapest Places to Buy a Property in London in 2022
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07/18Foxtons to Advertise All UK Properties With OnTheMarket
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05/31London estate agent Foxtons nabs Chestertons' top boss for CEO job
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05/30MARKETSCREENER'S WORLD PRESS REVIEW : May 30, 2022
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05/30Foxtons picks Chestertons' boss Guy Gittins as new CEO
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Financials
Sales 2022 132 M 160 M 160 M
Net income 2022 6,10 M 7,40 M 7,40 M
Net cash 2022 13,1 M 15,8 M 15,8 M
P/E ratio 2022 21,3x
Yield 2022 1,79%
Capitalization 132 M 160 M 160 M
EV / Sales 2022 0,90x
EV / Sales 2023 0,81x
Nbr of Employees 1 000
Free-Float 89,3%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 41,75 GBX
Average target price 67,33 GBX
Spread / Average Target 61,3%
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Managers and Directors
Peter Rollings Chief Executive Officer & Director
Chris Hough Chief Financial Officer & Director
Nigel Mervyn Sutherland Rich Chairman
Sheena Mackay Independent Non-Executive Director
Alan James Giles Senior Independent Director
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