Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCWD.L Share News (CWD)

  • There is currently no data for CWD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Countrywide warns Brexit uncertainty will lead to property slowdown in Q2

Tue, 26th Apr 2016 08:16

(ShareCast News) - Listed real-estate agency Countrywide warned that it expected the housing market to slow down in the second quarter on the back of uncertainty over June's EU referendum.In a trading statement, Countrywide said it had begun 2016 with real momentum as it saw acceleration in transactions on buy to let properties and second homes in response to the introduction of the government's new 3% stamp duty surcharge that became effective from April 1."We expect the housing market to slow in the second quarter post the surge in buy to let activity in the first quarter and reflecting challenges from the political and economic uncertainty in the lead up to the EU referendum in June," the company said.House exchanges across the group were ahead 30% compared to the same period last year when market transactions were depressed by concerns in the run up to the general election in May 2015.That increase enhanced performance across the group and is reflected in the results of both financial services and business-to-business operations.Chief executive Alison Platt said the company was "encouraged by the strong performance delivered in the first quarter and remain on track to pilot our customer focused multi-channel proposition in three brands during the second quarter".Platt also said the referendum would lead to a more circumspect approach in the second quarter."We are mindful of the political and economic uncertainty surrounding the EU referendum we are taking a cautious view of the coming months," she said."Notwithstanding this, however, we continue to expect to make strong progress in 2016 as we execute our strategy and maximise market opportunities and therefore maintain our current financial outlook for the full year".
More News
17 Mar 2020 18:33

Countrywide's Appointed Operating Officer Will No Longer Join Company

Countrywide's Appointed Operating Officer Will No Longer Join Company

Read more
16 Mar 2020 11:53

LSL Property Services Drops All-Share Merger Bid For Countrywide

LSL Property Services Drops All-Share Merger Bid For Countrywide

Read more
16 Mar 2020 11:10

UK WINNERS & LOSERS SUMMARY: Sainsbury Is Lonely Riser On Broker Note

UK WINNERS & LOSERS SUMMARY: Sainsbury Is Lonely Riser On Broker Note

Read more
11 Mar 2020 12:35

Countrywide Says LSH Buyer Fails To Cough Up But Trading Goes Well

Countrywide Says LSH Buyer Fails To Cough Up But Trading Goes Well

Read more
28 Feb 2020 17:32

EXECUTIVE CHANGE SUMMARY: Dechra Adds Former Countrywide CEO To Board

EXECUTIVE CHANGE SUMMARY: Dechra Adds Former Countrywide CEO To Board

Read more
24 Feb 2020 09:51

Estate Agents LSL Property And Countrywide Confirm Merger Talks

Estate Agents LSL Property And Countrywide Confirm Merger Talks

Read more
24 Feb 2020 07:45

LONDON MARKET PRE-OPEN: No China Virus Hit Yet For AB Foods' Primark

LONDON MARKET PRE-OPEN: No China Virus Hit Yet For AB Foods' Primark

Read more
24 Feb 2020 07:33

Countrywide in talks with LSL about possible merger

(Sharecast News) - Estate agent Countrywide confirmed on Monday that it is in talks with Marsh & Parsons owner LSL Property Services about a possible all-share merger.

Read more
7 Feb 2020 10:48

UK WINNERS & LOSERS SUMMARY: Burberry Down As Virus Hits China Demand

UK WINNERS & LOSERS SUMMARY: Burberry Down As Virus Hits China Demand

Read more
7 Feb 2020 10:36

Completion of Countrywide's LSH sale delayed

(Sharecast News) - Countrywide Properties was in the red on Friday as it said completion of the sale of its commercial arm had been hit by delays.

Read more
7 Feb 2020 10:00

Countrywide Says Completion Of Lambert Smith Hampton Sale Delayed

Countrywide Says Completion Of Lambert Smith Hampton Sale Delayed

Read more
7 Feb 2020 08:53

LONDON MARKET OPEN: Stocks Muted Ahead Of US Jobs Report

LONDON MARKET OPEN: Stocks Muted Ahead Of US Jobs Report

Read more
30 Dec 2019 14:39

Countrywide share consolidation becomes effective

(Sharecast News) - Countrywide confirmed on Monday that its share consolidation had now become effective.

Read more
20 Dec 2019 16:00

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
29 Nov 2019 10:39

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

UK WINNERS & LOSERS SUMMARY: Ocado Jumps On Japan Platform Deal

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.