Edition:
United States

Countrywide PLC (CWD.L)

CWD.L on London Stock Exchange

14.60GBp
17 Aug 2018
Change (% chg)

0.18 (+1.25%)
Prev Close
14.42
Open
14.70
Day's High
14.70
Day's Low
13.92
Volume
2,414,769
Avg. Vol
1,788,425
52-wk High
90.20
52-wk Low
10.00

Latest Key Developments (Source: Significant Developments)

Countrywide Says Total Group Income For Quarter Lower At 145 Mln STG
Wednesday, 25 Apr 2018 02:00am EDT 

April 25 (Reuters) - Countrywide PLC ::TOTAL GROUP INCOME FOR QUARTER WAS LOWER AT £145 MILLION COMPARED TO £162 MILLION FOR SAME PERIOD IN 2017..GROUP HAS MOVED SWIFTLY TO RESTORE EXPERTISE IN SALES AND LETTINGS.ARE ENCOURAGED BY EARLY PROGRESS THAT IS BEING MADE IN SALES AND LETTINGS..IN SALES, WE HAVE SEEN AN IMPROVEMENT IN BOTH REGISTER OF PROPERTIES AVAILABLE FOR SALE AND IN OUR MARKET SHARE OF LISTINGS COMPARED WITH Q4 2017.  Full Article

Countrywide Cut Headoffice Jobs‍​ To 300 From 450
Thursday, 8 Mar 2018 02:53am EST 

March 8 (Reuters) - Countrywide Plc ::COUNTRYWIDE PLC'S EXECUTIVE CHAIRMAN PETER LONG SAYS CUT ABOUT A THIRD OF HEADOFFICE JOBS‍​ TO 300 FROM 450 - PRESS CONF CALL.  Full Article

Countrywide Says FY Adjusted EBITDA Down 23 Pct To 64.7 Mln Pounds
Thursday, 8 Mar 2018 02:00am EST 

March 8 (Reuters) - Countrywide Plc ::FY TOTAL INCOME ‍671.9​ MILLION STG VERSUS 737 MILLION STG AS REPORTED A YEAR AGO.FY ADJUSTED EBITDA ‍64.7​ MILLION STG VERSUS 83.5 MILLION STG AS REPORTED A YEAR AGO.FY ADJUSTED EPS 8.4 PENCE VERSUS 19.3 PENCE YEAR AGO.PETER LONG APPOINTED EXECUTIVE CHAIRMAN.‍BOARD IS NOT RECOMMENDING A DIVIDEND FOR 2017 (2016: 5 PENCE PER SHARE)​.PROMOTED PAUL CREFFIELD, TO GROUP OPERATIONS DIRECTOR.SEES FIRST HALF OF YEAR WILL RESULT IN A REDUCTION IN ADJUSTED EBITDA OF AROUND £10 MILLION.UNLIKELY THAT SHORTFALL IN FIRST HALF WILL BE RECOVERED.FY LONDON SALES AND LETTINGS SUMMARY - TOTAL INCOME DOWN 10%; ADJUSTED EBITDA, £11.5 MILLION, DOWN 44%.FY LONDON SALES 8,778 HOMES EXCHANGED DOWN 20%.HOUSING TRANSACTIONS IN LONDON DECLINED BY 22% DURING 2017 AND SIMILARLY PROPERTIES AVAILABLE FOR RENT FELL BY 20%.  Full Article

Countrywide Plc Says Amends Finance Facilities
Friday, 2 Feb 2018 08:25am EST 

Feb 2 (Reuters) - Countrywide Plc ::COUNTRYWIDE PLC - ‍AGREED AN AMENDMENT LETTER RELATING TO ITS TERM AND REVOLVING CREDIT FACILITY WITH ITS LENDER PARTNERS​.COUNTRYWIDE - ‍ AMENDED FINANCE FACILITIE PROVIDES CO WITH FINANCIAL FLEXIBILITY TO INVEST IN BUSINESS TO RESTORE SALES AND LETTINGS BUSINESS BACK TO PROFITABLE GROWTH​.  Full Article

Countrywide Says ‍Alison Platt Has Resigned As CEO​
Wednesday, 24 Jan 2018 02:00am EST 

Jan 24 (Reuters) - Countrywide Plc ::‍ALISON PLATT HAS RESIGNED AS CHIEF EXECUTIVE OFFICER OF GROUP AND WILL STAND DOWN FROM BOARD​.‍BOARD HAS ASKED PETER LONG TO BECOME EXECUTIVE CHAIRMAN TO WHICH HE HAS AGREED UNTIL SUCH TIME AS A SUCCESSOR IS APPOINTED​.‍PAUL CREFFIELD, PREVIOUSLY MANAGING DIRECTOR, COMMERCIAL DEVELOPMENT HAS BEEN APPOINTED GROUP OPERATIONS DIRECTOR​.  Full Article

Countrywide reports Q3 revenue of 175.1 million stg
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - Countrywide Plc ::Q3 REVENUE 175.1 MILLION STG.‍TOTAL GROUP REVENUE FOR Q3 WAS £175.1M, AN INCREASE OF 2% COMPARED WITH Q2 AND DOWN 7% YEAR ON YEAR.​.‍THIS REPRESENTS A RESILIENT PERFORMANCE IN LONDON SALES AND LETTINGS AND IN FINANCIAL SERVICES, AND A SOLID PERFORMANCE IN B2B, OFFSETTING EFFECT OF SLOWER HOUSING TRANSACTIONS ACROSS UK.​.‍WITHIN ESTATE AGENCY, Q3 REVENUE WAS £47.8M (2016: £57.0M)​.‍TRANSACTION LEVELS WERE UP IN Q3 COMPARED WITH Q1 AND Q2, WITH Q3 REVENUE UP 2% ON Q2.​.‍REVENUE WAS UP 1.5% IN LONDON COMPARED WITH Q2 AND REVENUES ACROSS UK ESTATE AGENCY BUSINESS INCREASED 2% ON Q2.​.‍OUR FOCUS ON COST REDUCTION REMAINS EQUALLY UNABATED AND WE ARE MOBILISING NEXT PHASE OF OUR COST TRANSFORMATION PROGRAMME.​.‍AS IN PREVIOUS YEARS, FINAL QUARTER REMAINS IMPORTANT AND WE CURRENTLY EXPECT OUR RESULTS FOR FULL YEAR TO BE TOWARDS LOWER END OF RANGE OF MARKET EXPECTATIONS."​.  Full Article

Countrywide ‍announces a new organisation structure
Friday, 18 Aug 2017 05:25am EDT 

Aug 18 (Reuters) - COUNTRYWIDE PLC ::‍ANNOUNCES A NEW ORGANISATION STRUCTURE, UNDER WHICH ALISON PLATT, CEO, WILL FOCUS ON SALES, LETTINGS, FINANCIAL SERVICES AND COMMERCIAL​.‍HIMANSHU RAJA, CFO, WILL DRIVE FINANCE, IT, AND OPERATIONS​.HAMPTONS, PREMIER & CITY AND EXISTING RETAIL TERRITORIES WILL REPORT TO ALISON PLATT AND BECOME UK TRADING TEAM TO DRIVE MARKET SHARE AND GROWTH.  Full Article

Countrywide says Board has decided not to pay an interim dividend
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - Countrywide Plc :H1 total income 333.0 million stg versus 370.3 million stg.H1 operating profit 6.5 million stg versus 28.3 million stg.Countrywide - h1 2017 was tough compared to last year given high levels of housing transactions brought forward as result of stamp duty changes and eu referendum.Board has decided not to pay an interim dividend, and will review situation at full year.Cost reduction plans are on track to deliver our full year targets.Expect results and our leverage for full year to be within range of market expectations.  Full Article

Countrywide says ‍CFO Jim Clarke to step down
Tuesday, 6 Jun 2017 02:00am EDT 

June 6 (Reuters) - Countrywide Plc :‍Jim Clarke, group CFO, intends to step down from board on 31 July 2017 and retire from group on 31 December 2017​.‍Jim will be succeeded by Himanshu Raja who will join board on 12 June 2017 and will take up CFO post on 1 august 2017​.  Full Article

Countrywide posts q1 total group income 162 mln stg
Thursday, 27 Apr 2017 02:20am EDT 

April 27 (Reuters) - Countrywide Plc ::Countrywide plc trading update.Trading as expected and outlook unchanged.Total group income for quarter was £162m compared to £187m in same period in 2016, in line with our expectations..Q1 impacted by a continuation of declining market trends, resulting in 29% reduction in house sales exchanges on a lfl basis.Group is on track to achieve coverage by digital model of around 50% (c. 400 branches) of group's total network by June 2017..Maintain our current financial outlook for full year.  Full Article

Investors ditch UK's Countrywide after discounted share offer

Countrywide Plc 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.