Foxtons shares drop to all-time low as earnings plunge over 40%

Shares in Foxtons fell to a record low on Wednesday morning (11 January), tumbling 12% after the London-focused real estate firm warned sales could continue to decline this year. Foxtons, which opened seven new branches last year and plans to open two further outlets in the capital this year, added its main focus over the last 12 months was controlling costs amid a tough market environment.