January 30, 2020 / 7:32 AM / a month ago

Foxtons annual revenue drops, says sector could see improvement in 2020

Jan 30 (Reuters) - Real estate agent Foxtons Group Plc posted lower annual revenue on Thursday, but said Prime Minister Boris Johnson’s election win could improve sales in the sector for 2020.

Group revenue fell to 107 million pounds ($140.64 million)for the year ended Dec. 31, compared with 111.5 million pounds a year earlier, hurt by political uncertainty in an already weak market.

$1 = 0.7608 pounds Reporting by Samantha Machado in Bengaluru; Editing by Bernard Orr

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