UK's Foxtons slumps on dour half-year profit view
16/07/2026 08:53
BUZZ-UK's Foxtons slumps on dour half-year profit view ** Shares of British real estate agency Foxtons Group FOXT.L fall 15% to 37 pence, top losers on FTSE Smallcap .FTSC index, which is down ~0.2%
** Co expects to report H1 2026 adjusted operating profit of about £8.5 million ($11.5 million) vs £12.3 million a year ago
** FOXT says sales market is expected to remain subdued amid ongoing political uncertainty and challenging macroeconomic backdrop
** YTD, FOXT stock down 39% including session's losses and FTSE Smallcap index is up about 6%
($1 = 0.7389 pounds)
(Reporting by Megha Anilkumar Nair and Simone Lobo)