Foxtons activist investors force in new CEO
After a period of uncertainty at London estate agency Foxtons, activist investors have begun the process of change at the company. Today the business announced that it had persuaded the CEO of rival Chestertons to jump across.
IGTV’s Jeremy Naylor looks at the Foxtons chart which reflects badly given that the London market is only just off record highs, but the share price is more than 50% down from its IPO at 267p.
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