• Cedar House, Caen St, Braunton EX33 1AH

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Fury at Foxtons: Investor revolt at ‘fat cat’ bonuses, finance chief goes

The Annual General Meeting of Foxtons shareholders in London has seen a dramatic rebellion against bonuses for senior management. There were 14 resolutions put to shareholders and 13 of them were passed with support from between 94.76 per cent and 100 per cent. However, resolution 2 – “to approve the annual statement from the… Source: Estate Agent […]

Many estate agencies at risk over data security, claims IT firm

An IT firm says small and medium-sized estate agencies without the infrastructure of large corporates are putting themselves and their customers at risk by failing to implement adequate data protection strategies. Dragon Information Systems says polling by YouGov suggests that only 35 per cent of smaller businesses generally have a basic… Source: Estate Agent News

Purplebricks share price drops again as it ponders "different scenarios" for US

Purplebricks, which recently admitted that it had been over-ambitious in its overseas expansion, says it will give “a further update” on what is happening to its US operation on July 3. Only two weeks ago today the firm revealed that company founder Michael Bruce would be leaving the company and that… Source: Estate Agent News

Agent accused of causing over £28,000 of damage at seaside hotel

An estate agent has appeared in court on charges of causing some £28,000 of damage to a hotel in a Cornish seaside town. Local media say that Martin Peter Hobbs, from Cawsand, appeared before Bodmin magistrates on charges relating to trespasser at The Bay hotel in Cawsand, with intent to do… Source: Estate Agent News

London market gloom – is there light at the end of the tunnel at last?

Might the central London market gloom be broken by just a sliver of light? London Central Portfolio, an investment consultancy, has recently chronicled the low levels of sales and buyer interest across the most expensive parts of the capital, but now it senses a small sign that the worst might just… Source: Estate Agent News