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Foxtons shares rise after speculation that Chancellor may cut Stamp Duty for first-time buyers

SDL MANAGEMENT NS
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Shares in Foxtons rose 9% yesterday after speculation that the Chancellor is considering cutting Stamp Duty for first-time buyers – and possibly only for first-time buyers in London.

The shares started the day at 67p and ended at 73p – albeit a very long way from their high last November of 123p and the 285p that the shares hit in June two years ago.

Shares in Countrywide also looked more cheerful yesterday, up almost 5% to finish at 120p.

LSL’s shares barely budged, moving slightly downwards, and Purplebricks shares edged up, finishing at 352p.

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Source:: Foxtons shares rise after speculation that Chancellor may cut Stamp Duty for first-time buyers