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TODAY'S OTHER NEWS

Foxtons considering selling its mortgage business

An announcement by Foxtons this morning says it is considering future options for its mortgage business, Alexander Hall.

The announcement - made to shareholders via the London Stock Exchange messaging service - says: “Further to recent press speculation, Foxtons confirms that it is reviewing strategic options for Alexander Hall, its mortgage broking business, which could include the potential sale of the business.

“A further announcement will be made if and when appropriate.”  

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Today's statement by the London-focussed agency follows comment in mortgage industry publications suggesting that  Clearwater - an adviser to Foxtons - had drawn up a prospectus to show to several potential buyers of Alexander Hall. Clearwater is a corporate finance house that specialises in mergers and acquisitions, debt raising and refinancing.

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