While online agent Purplebricks makes final preparations for its stock market debut, former stock market darling Foxtons has fallen out of the FTSE 250.
The company listed in September 2013, but its shares have slipped some 35% since then.
The FTSE demotions, made every three months, are based on companies’ share prices at close of play on November 27.
Yesterday, the share price closed at 175p – well down from its 52-week high back in May of almost 290p, but up about 3p during the day.
The stock floated in September 2013 at 230p and shot up to 267p on the first day.
In October, Foxtons warned that the London market had slowed.
Sad news, Love them or Hate them Foxton’s being in the FTSE is great for high street agency.
Hoping they will bounce back soon!
You must be logged in to like or dislike this comments.
Click to login
Don't have an account? Click here to register