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TODAY'S OTHER NEWS

Foxtons hires new CFO to support growth and expansion

Foxtons has announced the appointment of Mark Berry as its new chief financial officer (CFO). 

Berry will take over from current CFO Gerard Nieslony, who will start a new role as finance director of the firm. 

The new staff member, who is currently group financial controller at recruitment firm Hays, will begin work at Foxtons in November and will become a member of the board. 

Berry has worked at Hays for the past 16 years and held his current role since 2011. 

Foxtons' chairman, Garry Watts, commented: "We are delighted to welcome Mark to the board. His broad experience at Hays across finance functions and in corporate development will be invaluable in supporting our growth and further expansion."

"Since our IPO in 2013 we have opened 20 new branches bringing our network to 62 branches with a pipeline of further openings planned in the years ahead."

In March, Foxtons reported a 4.1% increase in group revenue, with profits dipping 2.6%.

The firm's lettings business continued to drive its revenue stream, accounting for 46%. 

It also reported that its mortgage broking revenue increased by over 30% in 2015.

Foxtons ended last year on a total of 58 branches and has promised that at least another seven will open this year. 

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