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Edison Group
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    The Schiehallion Fund

    MCap

    USD2,182m

    Last close

    USD2.15

    ▲ 159.85 (7,434.88%)

    Metals One

    MCap

    —

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    GBP0.01

    ▲ 0.18 (19.44%)

    Foxtons Group

    MCap

    GBP114m

    Last close

    GBP0.38

    ▲ −2.80 (−6.83%)

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Sparks commentary - Foxtons Group

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Sparks - Foxtons Group

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Male hand showing, offering a new dream house at the empty field with copy space
Foxtons Group (LSE: FOXT) – New operating profit target of £50m
Published by Andy Murphy

Foxtons Group has announced a new £50m adjusted operating profit target that would, in effect, be more than double the operating profit reported for FY24. This new target supersedes the existing target of delivering £28m to £33m set in 2023, and is expected to be driven by the expansion of lettings in the core London market as well as into high-value commuter markets outside of London. The target will be supported by embracing data and AI as well as driving customer loyalty and leveraging off Foxton’s people, culture and training. Foxtons is hosting a capital markets event Wednesday 4 June at 9:30am.

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