Countrywide shares plummet as transactions fall

Countrywide shares plummet as transactions fall
 

Shares in the UK's biggest estate agent, Countrywide, have plummeted following the publication of its gloomy report on the property market.
Thursday's 9% fall comes on top of a 5% drop following the news that letting agents fees are to be scrapped.
In its third quarter trading update Countrywide said it expected transactions to fall because of stamp duty changes and the Brexit vote.
Group revenue was £188.5m compared with £197.1m for the same time last year.
The group, whose 55 high street brands include Bairstow Eves, John D Wood and Gascoigne Pees, forecast transactions would be 6% down... read more

 
24 November 2016 in Business, Views: 33
Source: BBC
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