Countrywide goes 'back to basics' as profits plummet

Countrywide goes 'back to basics' as profits plummet
 

Countrywide, Britain’s largest estate agent, has reported a 22.5% fall in core annual earnings and scrapped its dividend, sending its shares to record lows.
It pledged to go “back to basics” to return its sales and lettings business to profitable growth after what it described as a disappointing year.
“We have got to put our resources back in the front line and not at the head office,” said the executive chairman, Peter Long, adding that restructuring would reduce headcount to 350 from 400.
Countrywide said its 2018 property pipeline was “significantly lower” and that it expected a fall of... read more

 
8 March 2018 in Business, Views: 47
Source: Guardian
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