Director dealings: Foxtons CEO offloads £800,000-worth of shares

Nic Budden, chief executive officer of Foxtons, sold 1m ordinary shares in the group on Thursday, just one day after the company's head was lambasted for being awarded a bonus of £218,000 in 2017, despite plunging revenues and profits, that came complete with a warning of a tough 2018.

Budden sold the shares at a price of 80.34p each, for a total of £803,400.

The real estate agency saw full-year pre-tax profits slump 65% to £6.5m as revenues fell to £117.6m from the £132.7m posted a year before.

Dividends also tumbled to 0.7p each from the 2p per share posted in 2016.

As of 1630 BST, shares had lost 0.48% to 82.10p.

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