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FTSE 100 Edges Higher as US Jobs Data Eyed
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CEOs are hugely expensive – why not automate them?
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First published on Wed 14 Apr 2021 07.30 EDT
Foxtons is facing a backlash among its shareholders over a decision to award a near-£1m bonus to its chief executive while refusing to pay back millions of pounds in taxpayer-funded government support to weather the Covid-19 pandemic.
The London estate agent, which has received almost £7m in government furlough money for staff and business rates relief, has also continued to spend freely to build its business.
On Wednesday the company revealed that it had made a £3m investment in Boomin, the property site set up by the co-founder of Purplebricks, Michael Bruce, just weeks after spending £14m to buy the rival London agency Douglas & Gordon. In November, Foxtons paid £2.2m for Aston Rowe.