Improved financial results will be a relief for its soon-to-arrive boss Guy Gittins, who previously lead competitor Chestertons.
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All change at Foxtons as CEO Budden is replaced by Guy Gittins
Budden is stepping down with immediate effect and firm is being run by Peter Rollings until Gittins' notice period at Chestertons ends.
Read MoreFoxtons shareholder calls for estate agency to ‘copy Countrywide’ and be put up for sale
Converium says sale is only way for shareholders to get out after years of under-performance and a 'chronically depressed' share price.
Read MoreFoxtons chairman quits and is replaced by former Hamptons director
Ian Barlow exits the estate agency after eight years and welcomes arrival of his replacement, 75-year-old businessman Nigel Rich
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