View more on these topics

Question mark over future of Foxtons

Questions arose last week about whether estate agency Foxtons and its brokerage arm Alexander Hall would float on the London Stock Exchange or sell to a rival estate agency.

Alexander Hall confirmed last week that it is in the early stages of preparing to float on the LSE. The two firms’ parent company Heven Holdings has been valued at £440m.

However, there has been speculation in the press that Foxtons’ founder, Jon Hunt, may instead decide to sell to a rival company rather than float.

But Andy Pratt, chief operating officer at Alexander Hall, says that floating on the Stock Exchange is the preferred route.

He says: “We see floating on the Stock Exchange as the preferred route and the business can actually raise more money through a float rather than a sale.”


Brokers should stop placing business with Paymentshield

From David Quick Former users of Paymentshield who have had their commission payments terminated are right to be angry. This is an underhand way to treat brokers who have loyally placed business with the company over the years on the basis that the renewal commission would be paid even if they stopped selling general insurance […] appoints international marketers has appointed two international marketers, Nick Tsimbidaros who joins as head of internet marketing and Nadya Wawengkang who joins as product manager for credit card, loans and bank accounts.Tsimbidaros joins from London-based search specialists Quartz Interactive, where he was director of sales and client services. Before settling in London, he began his seven year […]

CMC is first firm to be fined for cold calling

Capital Mortgage Connections last week became the first firm to be fined for cold calling by the Financial Services Authority, after the regulator found 85% of its business was generated in this way. The £17,500 fine also includes CMC’s failure to give customers appropriate pricing information on accident, sickness and unemployment insurance polices. However, it […] questions Nationwides U-turn has slammed Nationwide’s backtrack on its mortgage policies as a sign that “loyalty will get you nowhere”.Louise Cuming, head of mortgages at, says: “The society has taken an interesting slant on mortgage lending and divided customers into two categories, those buying or moving home, and those remortgaging, switching their deal, or taking out […]


News and expert analysis straight to your inbox

Sign up