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Foxtons Swings To Loss As London Housing Market Slows

Foxtons swung to a £2.5 million loss before tax in the first half of the year, with overall revenue falling 9% to £53 million. The estate agent, which made a £3.8 million profit a year ago, blamed declining sales on “ongoing weakness in the London sales market”. Foxtons has cut its interim dividend from 0.43p per share to zero. Foxtons’ sales…
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