Estate agent Foxtons Group PLC (FOXT.LN) said Monday that it slid to a pretax loss in the first half of 2018 on the back of weak London property sales, and scrapped its interim dividend.

The company posted a pretax loss for the first six months of 2.5 million pounds ($3.3 million) compared with a profit of GBP3.8 million in the year-earlier period.