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Countrywide Bruce Marsh To Be Appointed To Role Of COO
Brandes Investment Partners Cuts Stake To 11.63% From 12.96% In Countrywide
Countrywide Cuts H1 Adj EBITDA outlook as Brexit Uncertainties Weigh
Countrywide plc is an integrated, full service residential estate agency and property services company in the United Kingdom. The Company offers estate agency and lettings services, together with a range of complementary services, and has a presence in areas and property types which are promoted through locally respected brands. The Company operates through four segments: Retail, London, Financial Services and Business to Business (B2B). The Retail network combines estate agency and lettings operations. The London division revenue is earned from both estate agency commissions and lettings and management fees. The Financial Services division receives commission from the sale of insurance policies, mortgages and related products under contracts with financial service providers. Business to Business services comprise all lines of business, which are delivered to corporate clients, including Surveying Services, Conveyancing Services and revenue from Lambert Smith Hampton.
Real Estate Operations
88-103 Caldecotte Lake Drive
Peter J. Long
Executive Chairman of the Board
David K. Watson
Non-Executive Deputy Chairman of the Board, Senior Independent Director
Chief Financial Officer, Executive Director
Paul L. Creffield
Group Managing Director
Caleb Samuel Kramer
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British real estate agent Countrywide Plc's <CWD.L> on Wednesday reported a sharp fall in core earnings in the first half of the year, blaming the impact of Brexit-related uncertainties on residential and commercial property markets.
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.
Countrywide said uncertainty around Britain's exit from the European Union had hit residential and commercial property markets, prompting the nation's largest estate agent to warn of a shortfall in its first-half earnings.
Countrywide Plc said uncertainty around Britain's impending exit from the European Union had hit residential and commercial property markets, prompting the nation's largest estate agent to warn of a shortfall in its first-half earnings.
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.
British real estate agent Countrywide Plc on Thursday forecast flat full-year earnings, citing more market weakness surrounding Britain's exit from the European Union.
Profit at British real estate agent Countrywide halved last year as it fought to improve its business in the face of a housing market weakened by the uncertainty generated by Brexit talks, the company said on Wednesday.
British real estate agent Countrywide said on Wednesday challenging market conditions led to its core profit for the full year falling by half and added that it remains cautious about its outlook for 2019.
Royal Mail Plc <RMG.L> 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.
Countrywide <CWD.L> has abandoned plans to revamp its incentive package for directors after meetings with top investors aimed at propping up the company with 140 million pounds in new equity.
Countrywide Plc <CWD.L> lost two thirds of its market value on Thursday after the British estate agent proposed a deeply discounted share offer and said auditors had warned it faced a struggle to stay in business.
Countrywide Plc is raising 140 million pounds ($183.44 million) from an equity sale to cut debt as the British estate agent posted a 61.5 percent fall in half-year core earnings, in line with its expectations.
* Shares have lost half their value this year (Adds details, background)
Britain's largest real estate agent Countrywide Plc on Monday cut its half-year adjusted core earnings forecast and said it plans to lower debt by at least 50 percent through additional equity financing.
Countrywide Plc <CWD.L>, Britain's largest estate agent on Wednesday said total income in the first quarter fell 10.5 percent, hurt by "significantly" lower sales in London.
* TOTAL GROUP INCOME FOR QUARTER WAS LOWER AT £145 MILLION COMPARED TO £162 MILLION FOR SAME PERIOD IN 2017.
Countrywide Plc <CWD.L>, Britain's largest estate agent, reported a 22.5 percent fall in core annual earnings on Thursday and scrapped its dividend, sending its shares to record lows.
* COUNTRYWIDE PLC'S EXECUTIVE CHAIRMAN PETER LONG SAYS CUT ABOUT A THIRD OF HEADOFFICE JOBS TO 300 FROM 450 - PRESS CONF CALL Further company coverage:
Countrywide Plc, Britain's largest estate agency, on Thursday reported a 22.5 percent drop in full-year core earnings, hurt by poor performance in its main sales and lettings business.
* COUNTRYWIDE PLC - AGREED AN AMENDMENT LETTER RELATING TO ITS TERM AND REVOLVING CREDIT FACILITY WITH ITS LENDER PARTNERS
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.