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The Latest Breaking News from Guy Gittins

Foxtons shares drop sharply after it warns of ‘subdued’ pre-budget sales

Economic uncertainty along with possible changes to property tax are deterring buyers, says estate agent

The Guardian - UK

Foxtons warns of sharp slowdown in London property market ahead of Autumn Budget

Shares slump as estate agency says profits will be below expectations because of the shortfall in sales revenues

Evening Standard

Foxtons has ‘more to do’ to build respectful workplace culture

The remarks come after an investigation by Bloomberg last month uncovered allegations of inappropriate behaviour at the London estate agency.

The Independent UK

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Foxtons boss says firm has ‘more to do’ after misconduct allegations

Comments follow report alleging that estate agency company’s junior staff faced inappropriate behaviour

The Guardian - UK

Thousands of anxious London first time buyers in race to beat stamp duty deadline

London property debutantes face extra bills of up to £11,250

Evening Standard

Foxtons sees sales under offer surge to nine-year high

The London-based estate agency said it had seen a rush in demand from first-time buyers ahead of stamp duty changes on April 1.

The Independent UK

London house sales at highest level since before Brexit vote, says Foxtons

Estate agent reports that revenues and profits for 2024 beat market forecasts

The Guardian - UK

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Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

Figures released on Monday showed a two-year high in annual house price growth and mortgage approvals for house purchase.

The Independent UK

Foxtons boss Guy Gittins: ‘We absolutely don’t welcome 20% rent increases’

The chief executive who cut his teeth in the estate agency’s sharp-suited, hard-pushing heyday worries today’s letting market is ‘terrible for tenants’

The Guardian - UK

London home sales have busiest start to year since pre-Covid — Foxtons

Buyers are flooding to take advantage of lower mortgage rates

Evening Standard

Struggling London renters warned ‘people are going to have to move out’

Foxtons chief executive Guy Gittins told the BBC’s Today programme that the situation in the capital was so ‘dramatic’ it meant people would need to compromise on location

The Independent UK

Foxtons reports 25% rise in revenues but tougher 2023 lies ahead

Estate agent’s results come as report predicts UK mortgage lending is heading for big slump

The Guardian - UK

London estate agent Chestertons appoints Ennis CEO

He replaces Guy Gittins who moved to rival Foxtons as boss

Evening Standard

Foxtons strikes listing deal with OnTheMarket as it seeks to overcome shareholder ire

The London-focused estate agent, which has suffered major backlash from activist investors, will be hoping its agreement with the online market place will improve business further.

Evening Standard

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Evening Standard

Chestertons boss Gittins replaces Budden as CEO of Foxtons

Estate agent has been faced with investor criticism over lacklustre share growth

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