Shares in Countrywide, the UK's largest estate agent
group, lost 20% after it warned of tough times in the market. Countrywide,
whose brands include Bairstow Eves and Gascoigne Pees, made a £208.1m after-tax
loss in 2017, versus a £17.5m profit in 2016. said about 150 head office jobs
would go. The firm has been hit by a slowdown in the housing market as well as
the rise of online agents such as Purplebricks. But by the close, the shares
had pulled back to stand 1.6% down. The profit figures were also dragged lower
by one-off costs as Countrywide continued to restructure the business. Read
more on the BBC.
Focus on communities in new towns and old | Letters
-
Readers respond to criticism by senior planners of the government’s
building drive, citing a lack of ambition and insufficient social housing
The governm...
3 hours ago
No comments:
Post a Comment