17 July 2026 - 40.7p
Shares in the estate agency group Foxtons (40.7p) have fallen back following a disappointing trading statement covering the six months to 30 June. The introduction of the Renters' Rights Act has resulted in higher levels of tenancy terminations in May and June with the result that the group will have to reverse £3m of revenue which it had been expecting. This is clearly a one-off reversal although it is still disappointing and makes one wonder why the revenue was recognised in the first place. However, overall the effect of the Act . . .
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