Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. Foxtons Group plc
  6. News
  7. Summary
    FOXT   GB00BCKFY513

FOXTONS GROUP PLC

(FOXT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Foxtons : UK's Foxtons reviews options for mortgage broking arm including sale

07/21/2021 | 02:52am EDT
A Foxtons estate agent sign is seen reflected in the window at a branch in north London

July 21 (Reuters) - London-based real estate agent Foxtons Group said on Wednesday it is reviewing strategic options for its mortgage broking business, Alexander Hall Associates Ltd, including a potential sale.

Mortgage volumes were heavily impacted in the early months of the COVID-19 pandemic, before government incentives including a tax holiday and mortgage guarantee scheme spurred a turnaround in the UK housing sector and, in turn, in the mortgage activity.

Alexander Hall provides mortgage broking advice and supports the underwriting of mortgages for new property transactions besides re-mortgage advice for clients' existing properties.

News website Mortgage Solutions reported on Tuesday Foxtons was in the process of finding a buyer for Alexander Hall, adding that several mortgage advice firms had been approached by third parties on behalf of the estate agent in the last two months.

Revenue in Foxtons' mortgage broking business fell 5% in 2020, compared with a year earlier, due to reduced market volumes.

Foxtons, which assists people in both renting out properties and selling them, bolstered its presence in London with the purchase of Douglas & Gordon earlier this year. (Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
All news about FOXTONS GROUP PLC
07/29FOXTONS' : best results in five years prompt real estate giant to reinstate divi..
AQ
07/29Foxtons Group plc Decision to Re-Instate the Dividend, Payable on 28 Septembe..
CI
07/29FOXTONS : ú3m Share Buyback Programme
PU
07/29FOXTONS : Half-year Report
PU
07/29FTSE 100 to Edge Lower After US Drop; Asia Gains
DJ
07/29FOXTONS : Earnings Flash (FOXT.L) FOXTONS GROUP Reports H1 Loss GBX-1.20
MT
07/29Foxtons Group plc Reports Earnings Results for the Half Year Ended June 30, 2..
CI
07/21FOXTONS : Response to Press Speculation
PU
07/21FTSE 100 Set for Modest Gains After U.S. Rebound
DJ
07/21Foxtons Reviews Options Including Sale of Mortgage Broking Business
CI
More news
Financials
Sales 2021 129 M 180 M 180 M
Net income 2021 3,85 M 5,37 M 5,37 M
Net cash 2021 19,0 M 26,4 M 26,4 M
P/E ratio 2021 46,6x
Yield 2021 0,96%
Capitalization 174 M 242 M 243 M
EV / Sales 2021 1,20x
EV / Sales 2022 1,07x
Nbr of Employees 1 078
Free-Float 93,2%
Chart FOXTONS GROUP PLC
Duration : Period :
Foxtons Group plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FOXTONS GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 53,60 GBX
Average target price 74,00 GBX
Spread / Average Target 38,1%
EPS Revisions
Managers and Directors
Nicholas John Budden Chief Executive Officer & Director
Richard David Harris Chief Financial Officer & Director
Ian Edward Barlow Chairman
Patrick L. Franco Chief Operating Officer & Director
Sheena Mackay Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
FOXTONS GROUP PLC-2.55%242
VONOVIA SE-3.68%38 616
CHINA VANKE CO., LTD.-27.25%36 565
DEUTSCHE WOHNEN SE20.90%21 527
VINGROUP JOINT STOCK COMPANY5.82%16 092
VINHOMES JOINT STOCK COMPANY23.91%15 865