Company says major shareholder was unable to vote on its contentious director pay and bonus scheme.

Company blames lower revenues on high fall-throughs, slow conveyancers, fewer exchanges and weak short-lets and overseas student rental markets.

BidX1 has become Foxtons’ exclusive auction partner.

Portal says other agents are able to be founding firms too and will be allocated equity in the company if they sign up.

Uswitch says slow estate agency websites can significantly impact earning potential for firms that rely on referrals from third parties.

Jason Tebb has been revealed as the portal's new CEO bringing with him 20 years in the property and estate agency industry.

Latest results show the heavy impact of Covid on its business, but a marked recovery in lettings since the housing market reopened.

Rollo Miles of Agent & Homes says technology is destroying brand loyalty so the only point of differentiation will soon by the individual agents.