Foxtons to review pay policy after shareholder revolt
"It was clear that a significant proportion of shareholders did not agree with the decision to pay bonuses to Executive Directors under the Bonus Banking Plan, because the Company had benefited from Government support," admits Foxtons.
What to read next
‘2026 likely to prove one of the lowest years for London transaction volumes on record,’ warns Foxtons boss
Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.
Foxtons warns of sharp profit drop; prepares for ‘a prolonged lower transaction volume environment’
Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'
Foxtons confirms ‘acquisition-led’ revenue growth as profits flatline
'We are making strong progress with our buy, build and bolt‑on strategy,' says estate agency boss Guy Gittins.
Most read
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
Government ramps up plans to regulate property agents
Update Industry Reactions: Ministers unveil licensing regime and independent regulator, going much further than proposals announced last year.
In Pictures: Historic Cotswold estate hits the market at £15mn
Substantial pile with Sims Hilditch interiors and a party barn launches with autumn selling season in full swing.
‘First hard evidence’ emerges of £2mn mansion tax effect on property prices
Fresh data confirms that transactions are 'bunching' below the incoming High Value Council Tax Surcharge threshold.
Alexander Main brings in senior hire for big lettings push
Former Domus Nova & Foxtons operator joins line-up to lead ambitious two-year-old agency’s new division.
UAE developer lodges plans for 47-acre East London mega-scheme
Arada's team has drawn up a 'landscape-led masterplan' for the big Thameside West regen site.
LATEST ARTICLES
From PCL to Cape Town: Sophie Gamborg on taking the buying advisory model overseas
After two decades in London’s prime market, the former Savills & Aylesford agent explains how she spotted a gap in Cape Town - and built a business around it.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Historic former wealth manager HQ offered with resi potential
Commercial and residential agents have been instructed to find a buyer for the historic estate on Edinburgh's fringe.
Christie’s International Real Estate makes mainland China debut
Luxury property network launches Shanghai outpost.
£11.5mn price tag for Richmond residence with royal past
Agency lists Grade II-listed house built on site of former palace.