Bangladesh hire India's Joshi as spin bowling coach

• Foxtons says early tenancy exits wiped around £3 million from expected revenue.
• Student renters left properties in higher numbers after fixed-term contracts ended.
• The company also warned that weaker home sales are weighing on profits.

Foxtons has revealed that changes introduced under the Renters' Rights Act have cost the estate agency around £3 million in revenue after a surge in student tenants ended their rental agreements earlier than expected.

The London-based property group said the new UK rental rules, which came into force in May, led to an unusually high number of tenancy terminations during May and June, particularly among students. The changes have added short-term pressure to its lettings business, even as the company expects the reforms to support long-term demand for professional property management.