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Countrywide considering sale of commercial property business

Thu, 15th Dec 2016 16:42

(ShareCast News) - FTSE 250 estate agency group Countrywide confirmed on Thursday that it is undergoing a strategic review in relation to its commercial property arm, Lambert Smith Hampton.In a brief statement in response to earlier press speculation, Countrywide said it is considering a potential sale."The process is ongoing and there can be no certainty that any transaction will proceed," the company said, adding that further announcements will be made as appropriate.Back in November, Countrywide shares tumbled after it warned that operating profits for the full year would be lower than expected due to a "tough" residential market as a result of a change in stamp duty and the EU referendum.Shares closed down 1.7% at 176p.
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26 Feb 2016 15:05

FTSE 250 movers: Oil prices help producers and service providers surge

(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude

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25 Feb 2016 18:09

DIRECTOR DEALINGS: Countrywide Non-Executive Increases Stake

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25 Feb 2016 09:50

Countrywide reports 37% drop in 2015 profits

(ShareCast News) - Countrywide, the UK's largest estate agency group, reported a 37% drop in 2015 profits blaming a "significantly" tougher year for the market. The group's operating profit fell to £53.8m in the 12 months to 31 December 2015 from £84.9m a year earlier as the levels of home buying re

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25 Feb 2016 07:59

Countrywide Profit Falls After Tough Year In London Market

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18 Feb 2016 16:05

Earnings, Trading Statements Calendar - Week Ahead

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18 Feb 2016 13:18

UK Housebuilders Boosted By Government Plans To Speed Up Approvals

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11 Feb 2016 10:53

Countrywide appoints Peter Long as chairman

(ShareCast News) - Estate agency group Countrywide has appointed former TUI chief executive Peter Long as its new non-executive chairman. Long - chairman of Royal Mail - will succeed Grenville Turner, who will retire at the company's 2015 annual general meeting on 27 April. He has held a variety of

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11 Feb 2016 08:11

Countrywide Names Peter Long As New Chairman

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21 Jan 2016 08:30

LONDON MARKET OPEN: Pearson, Royal Mail, Halfords Shine After Updates

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21 Jan 2016 07:55

Housing market trends impact Countrywide

(ShareCast News) - Countrywide said it had an "encouraging performance" in the fourth quarter of the year, but current housing market trends have had an impact. The FTSE 250 company said in a trading update for the year to 31 December that its Retail and London businesses were affected. It noted th

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21 Jan 2016 07:49

Countrywide Says 2015 Better Than Expected, 2016 Outlook Maintained

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6 Jan 2016 06:43

PRESS: Countrywide Hires Recruiters To Replace Chairman - Sky News

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15 Dec 2015 09:46

BROKER RATINGS SUMMARY: Berenberg Upgrades Meggitt To Buy From Hold

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25 Nov 2015 14:53

2nd UPDATE: Housebuilders Up On Osborne Plans To Build 400,000 Homes

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25 Nov 2015 14:26

UPDATE: Housebuilders Up On Osborne Plans To Build 400,000 Homes

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