StockMarketWire.com - Estate agency group Foxtons said first-quarter revenue fell amid 'record' low sales as conditions in the London property market remained 'very challenging.' The company also announced that its CFO Mark Berry agreed, by mutual consent, to step dow on 31 July. Richard Harris would take up the role of Chief Financial Officer on 24 June.

Group revenue for the first quarter of 2019 was £23.8m compared to £24.5m in the first quarter of last year, with sales revenue of £7.1m, down from £8.2m last year, lettings revenue of £14.6m, up slightly from £14.3m last year ,and Alexander Hall mortgage saw revenue flat year-on-year at £2.0m.

'Sales volumes continue to be at record low levels and ongoing Brexit uncertainty is impacting consumer confidence,' the company said.

At 9:02am: [LON:FOXT] Foxtons Group PLC share price was -1.5p at 58.5p



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