StockMarketWire.com - Foxtons reported lower revenue in the third quarter, pressured by the tenant fee ban and ongoing political uncertainty that continued to weigh on volumes and prices in the London residential sales market.

Revenue for the third quarter was down 7% to £32.5m from a year earlier, taking revenue for the first nine months of the year to £83.6m, down 5% on the prior year's £88.1m, the company said.

Sales revenue for the quarter was down 15% to £8.4m and its mortgage business, Alexander Hall, delivered £2.1m in revenue, unchanged on last year.

Foxtons said it would issue a pre-close trading update in January 2020 ahead of its full year results at the end of February 2020.


At 9:53am: [LON:FOXT] Foxtons Group PLC share price was -2.4p at 64.6p



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