Countrywide to take Brexit hit as losses widen - News Summed Up

Countrywide to take Brexit hit as losses widen


Struggling estate agency Countrywide has warned that Brexit will knock its performance over the coming months as the firm posted widening full-year losses. Struggling estate agency Countrywide has warned that Brexit will knock its performance over the coming months as the firm posted widening full-year losses. The group – which is behind the Bairstow Eves and Hamptons brands – reported a bottom line loss of £218.2 million in 2018 compared to £207.3 million of losses the prior year. Income for the year also tumbled 7% to £627.1 million and adjusted earnings came in 50% down at £32.7 million. Boss Peter Long said: “We encountered market weakness in quarter four due to the further uncertainties surrounding Brexit which is affecting both our sector and consumer confidence as a whole.


Source: Irish Independent March 07, 2019 08:03 UTC



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