|Bid||0.0533 x 100000|
|Ask||0.0681 x 100000|
|Day's range||0.0485 - 0.0485|
|52-week range||0.0270 - 0.1508|
|Beta (3Y monthly)||1.72|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The company said adjusted core earnings - before implementing the new financial reporting standards - fell to 3.9 million pounds in the six months ended June 30, from 9.9 million pounds a year earlier. "With the continued delay in Brexit, the first six months of 2019 have been challenging for the UK housing market with new listings overall for H1 2019 having declined by 7% according to Rightmove data," the company said in a statement. Countrywide, like rival Foxtons , has already flagged uncertainty due to Brexit, which it said, is affecting its property markets in London and the South.
British real estate agent Countrywide Plc on Wednesday reported lower core earnings in the first-half as it warned that Brexit-related uncertainty had hit the residential and commercial property markets. The company said adjusted core earnings - before implementing the new financial reporting standards - fell to 3.9 million pounds ($4.74 million) in the six months ended June 30, from 9.9 million pounds a year earlier.
Countrywide has been trying to recover from a botched 2015 restructuring that led to four profit warnings and a deeply discounted share issue, but Britain's cooling real estate market has compounded its problems. The company had earlier forecast adjusted core earnings to be about 3 million pounds to 5 million pounds lower. Countrywide, which was founded in 1986 and runs 60 high street brands including Hamptons International, Bairstow Eves and Bridgfords, said uncertainties surrounding Brexit had weighed heavily on consumer confidence.
Countrywide Plc on Thursday forecast flat earnings in 2019, citing uncertainty in the housing market due to Brexit, sending shares in Britain's largest estate agent down around 15 percent. The cooling real estate market has compounded problems for the company, which has struggled to recover from a botched 2015 restructuring that led to four profit warnings and a share issue. Countrywide, which runs over 60 brands including Hamptons International, Bairstow Eves and Bridgfords, expects the slowdown to hit first-half earnings by about 3 million to 5 million pounds ($6.57 million).
Dec (Shanghai: 600875.SS - news) 12 (Reuters) - British online estate agent Purplebricks (LSE: 139215.L - news) Group Plc trimmed the upper end of its revenue forecast for the year on Thursday, citing a challenging UK property market on the run in to the country's planned departure from the European Union. The company said half-year revenue jumped 75 percent and predicted its low-fee, web-driven model would continue to win market share from Britain's big incumbent operators such as Countrywide (Frankfurt: A1H56R - news) and Foxtons. It said that still left it trading roughly in line with a company-compiled market consensus of 171.7 million pounds.
The board member who drew up a controversial £20m executive pay plan at Countrywide (Frankfurt: A1H56R - news) , the troubled estate agency group, is to step down in the wake of an investor revolt. Sky News has learnt that Countrywide has hired headhunters to identify a new non-executive director to replace Cathy Turner as chair of the company's remuneration committee (remco). Sources said that Ridgeway Partners, a search firm, had been asked to find a successor to Ms Turner, who has been on the group's board and chaired its remco since 2013.
The online estate agent Emoov is preparing to call in administrators in a last-ditch attempt to salvage its future. Sky News has learnt that the company, which orchestrated a three-way merger just five months ago that attributed a £100m price tag, is on the verge of appointing James Cowper Kreston, an accounting firm, to act as administrator. The identity of the buyer of any of Emoov's assets is unclear, although Russell Quirk, the company's founder and chief executive, is said to be determined to continue to lead the business.
Britain's biggest online estate agent is moving into Europe for the first time by acquiring a stake in its most prominent German counterpart. Sky (Amsterdam: BK8.AS - news) News has learnt that Purplebricks (LSE: 139215.L - news) , which has a market value of more than £650m, will announce on Monday that it is to become a shareholder in Homeday through a joint venture with the German media giant Axel Springer (Swiss: SPR.SW - news) . Sources said this weekend that the deal was likely to be structured as a 50-50 partnership between Purplebricks and Axel Springer, which is already a big investor in the British property group.
Britain's biggest online estate agent is moving into Europe for the first time by acquiring a stake in its most prominent German counterpart. Sky News has learnt that Purplebricks, which has a market ...
Oil majors dragged Britain's top share index down on Monday as political risk gripped Europe and caution set in again on Brexit, weighing on sterling. The FTSE 100 fell 1.2 percent to its lowest close ...
The chairman of Royal Mail (LSE: RMG.L - news) has stepped down with immediate effect. Royal Mail will hope that the boardroom reshuffle goes some way towards repairing relations with investors. Nearly three-quarters of shareholders voted against the remuneration report at the annual meeting in July, in protest at a £1m payment to Moya Greene, its outgoing chief executive, and one of £6m to her successor, Rico Back, even though he was already working at the company.
Royal Mail Plc (LSE: RMG.L - news) said Peter Long would step down as chairman of the British post and parcel services company with immediate effect and be replaced by Les Owen. The company said Long had concluded he could no longer serve as non-executive chairman of Royal Mail and as executive chairman of British estate agent Countrywide Plc (Frankfurt: A1H56R - news) . Royal Mail shareholders rejected a pay package for senior executives in July, while Countrywide abandoned plans in August to revamp its incentive package for directors after meeting top investors.
Britain's Financial Conduct Authority said on Wednesday it had cleared four life insurance companies under investigation for alleged mistreatment of customers after an extended review of standards in the ...
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Countrywide plc (LON:CWD) as an investment opportunity by taking the expectedRead More...