Shares in Foxtons start the week at 244 after staging a dramatic stock market recovery following a poor set of figures.
The London agency’s share value rose by over 2.0 per cent on Friday following a 7.4 per cent rise on Wednesday, at a time when many thought the company would receive a drubbing from investors following release of figures showing a 21.4 per cent drop in pre-tax profits in the first half of this year, from £23.1m to £18.1m.
Only a week ago the FT Markets Data service was saying that the consensus forecast amongst seven polled investment analysts covering Foxtons was to merely ‘hold’ shares.
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