UK estate agent Foxtons blames Brexit vote for profit drop

July 29, 2016 6:13 AM

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LONDON, July 29 London-focussed estate agent Foxtons blamed a 42 percent drop in its first-half profit on Britain's EU referendum, saying it led to a fall in transactions which is likely to last until the end of the year.

Foxtons, a symbol of London's booming property market in recent years, warned shortly after the June 23 vote, in which Britons backed Brexit, that its earnings would fall due to the vote.

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