UK’s biggest estate agency group issues fourth profit warning in eight monthsShares in Britain’s biggest estate agent, Countrywide Properties, plunged 25% as it issued its fourth profit warning in eight months and called on shareholders to raise fresh funds to cut its debt.Countrywide, the company behind Hamptons, Bairstow Eves, Taylors and Gascoigne-Pees, has been hit hard by a downturn in the housing market in London and the south-east, as well as growing competition from new online firms. Continue reading…
Source : theguardian.com
Read more…Countrywide seeks fresh funding as property sales slide
