Sunday newspaper round-up: IDS, Ocado, Foxtons
21st Apr 2024 16:47
(Sharecast News) - Asset manager Redwheel told regulators they should reduce the UK postal service's legal obligations. The move followed a failed buyout attempt by Daniel Kretinsky for International Distributions Services, its parent company. The billionaire investor was said to be evaluating a possible improved bid. The company meanwhile has petitioned Ofcom to let it cut the number of days per week during which it must deliver second-class mail from six to two or three. That would save the company £300m and see it shrink its workforce by 1,000. According to Redwheel, as first reported by the Sunday Times, the enforced costs of its legal obligations left the company "vulnerable to corporate predators". - Guardian
Read moreFoxtons hails strong start to year as sales market improves
18th Apr 2024 09:32
(Sharecast News) - Foxtons hailed a strong start to the year on Thursday as the sales market improved and the London estate agent grew its market share.
Read moreHSBC starts Haleon at 'buy'
18th Apr 2024 09:11
(Sharecast News) - HSBC initiated coverage of Haleon on Thursday with a 'buy' rating and 370p price target as it took a look at consumer health stocks, saying the company stands out for its portfolio strength, the quality of its execution and better potential for exploiting new growth avenues.
Read moreFoxtons profits drop amid 'challenging' sales market
5th Mar 2024 10:12
(Sharecast News) - London estate agent Foxtons posted a decline in full-year pre-tax profits on Tuesday amid "challenging" conditions in the sales market.
Read moreFoxtons beats expectations for revenue, operating profit
25th Jan 2024 09:06
(Sharecast News) - Foxtons Group announced in a trading update on Thursday that it surpassed market expectations in 2023, with total revenue rising 5% year-on-year to £147m.
Read moreTop Foxtons investor pushing for sale - report
20th Nov 2023 12:07
(Sharecast News) - Foxtons shot higher on Monday following a report the estate agent's board has come under pressure from 10% of its shareholders to sell itself.
Read moreFoxtons buys lettings agency Ludlow Thompson for £10m
7th Nov 2023 10:39
(Sharecast News) - London estate agent Foxtons said on Tuesday that it has bought lettings agency Ludlow Thompson for £10m in cash.
Read moreFoxtons sees fall in property sales
26th Oct 2023 08:46
(Sharecast News) - Foxtons Group reported a slight uptick in revenues on Thursday, despite a slump in house sales in the capital.
Read moreFoxonts H1 profits grow as strong lettings offset sales weakness
27th Jul 2023 14:42
(Sharecast News) - Estate agent Foxtons posted a jump in first-half profit and revenue on Thursday, as strength in the lettings division offset weaker sales.
Read moreFoxtons Q1 revenues rise following strong lettings growth
20th Apr 2023 10:31
(Sharecast News) - Real estate agency Foxtons Group said on Thursday that strong growth in lettings had driven revenues in Q1 as the firm's operational turnaround progressed.
Read moreDirector dealings: Foxtons chairman snaps up shares
8th Mar 2023 15:31
(Sharecast News) - Foxtons revealed chairman Nigel Rich has acquired 250,000 shares in the London-listed real estate group.
Read moreFoxtons confident after rise in full-year profits
7th Mar 2023 09:20
(Sharecast News) - London-based estate agency Foxtons Group reported an 11% increase in revenue in its final results on Tuesday, to £140.3m, with growth across all of its businesses.
Read moreFoxtons to buy Atkinson McLeod for £7.4m
6th Mar 2023 08:15
(Sharecast News) - Estate agent Foxtons said on Monday that it has agreed to buy Atkinson McLeod for £7.4m.
Read moreFoxtons to buy Atkinson McLeod for £7.4m
6th Mar 2023 08:15
(Sharecast News) - Estate agent Foxtons said on Monday that it has agreed to buy Atkinson McLeod for £7.4m.
Read moreFoxtons says 2022 results ahead of expectations but outlook cautious
26th Jan 2023 10:11
(Sharecast News) - Estate agent Foxtons said on Thursday that full-year revenue and operating profit were set to be ahead of market expectations following revenue growth across all segments, but struck a more cautious note on the outlook.
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