Pursuits
Foxtons Falls Most Since IPO as CEO Warns London Slowing
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Foxtons Plc, a property broker focused on London and southeast England, declined the most since it first sold shares to the public after Chief Executive Officer Nic Budden said the U.K. capital’s property market may be facing a slowdown in the second half.
Foxtons declined 10 percent in London, the most since its initial public offering on Sept. 20. The shares have fallen about 20 percent this year, giving the London-based company a market value of 745 million pounds ($1.2 billion).