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United States

Countrywide PLC (CWD.L)

CWD.L on London Stock Exchange

115.75GBp
15 Dec 2017
Change (% chg)

0.75 (+0.65%)
Prev Close
115.00
Open
113.00
Day's High
116.00
Day's Low
113.00
Volume
83,108
Avg. Vol
406,729
52-wk High
199.50
52-wk Low
105.25

Latest Key Developments (Source: Significant Developments)

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

Countrywide announces placing of up to 21.6 mln new ordinary shares
Thursday, 9 Mar 2017 02:00am EST 

Countrywide Plc : Non pre-emptive placing of up to 21.6 million new ordinary shares in company . In 2016, uncertainty caused by EU referendum result in UK alongside UK stamp duty changes led to falling volumes in residential property transactions . Countrywide paused all M&A activity after Q1 of 2016 and initiated significant cost cutting . Estimated run rate reductions of £10 million already embedded and a further £9 million expected in 2017 . Company is seeking to return leverage to long-term target levels .Working towards leverage of approximately 2.0x in 2017 and 1.5x to 2.0x in longer term.  Full Article

Countrywide FY pretax profit 19.5 million stg
Thursday, 9 Mar 2017 02:00am EST 

Countrywide Plc : FY pretax profit 19.5 million stg . FY basic EPS 8.0 pence . FY total income 737.0 million stg versus 733.7 million stg . 2017 outlook sales market volatility likely to continue . New dividend policy to pay out between 30 and 35% of earnings; no final dividend for 2016 . 9.99% placing of share capital announced to reinforce balance sheet . Key cost initiatives underway to underpin future profits . In 2017 expects headwinds from tenants' fees regulation and pressured landlord environment . In 2017 focus on share gain through digital rollout, planned to be in 50% of branches by june 2017 . Expect a resilient performance in 2017 . In 2016, political uncertainty and stamp duty changes had a significant impact on uk property market .Looking forward expect difficult market conditions for foreseeable future.  Full Article

Countrywide sells all of its stake in Zoopla Property for 29.2 mln stg
Thursday, 22 Sep 2016 03:00am EDT 

Countrywide Plc : Announces that it has sold in aggregate 9.2 mln ordinary shares in Zoopla Property Group Plc . Sale at an average price of 3.17 stg between period from 9 August 2016 to 21 September 2016 . Following disposal, Countrywide no longer has a holding in Zoopla's ordinary share capital. . Gross proceeds of share sales amount to 29.2 million stg. .Proceeds of disposal will be used to reduce corporate indebtedness and for other general corporate purposes..  Full Article

Countrywide shares open down after FY warning
Wednesday, 27 Jul 2016 11:28pm EDT 

Countrywide Plc shares open down about 3 percent after co warns will not meet FY EBITDA level of 2015 as Brexit had hit property transaction levels For full story, click on:.  Full Article

Countrywide PLC recommends final dividend
Thursday, 25 Feb 2016 02:00am EST 

Countrywide PLC:Recommended final dividend of 10.0 pence (net) per share (2014: 10.0 pence), giving a total 2015 dividend of 15.0 pence (net) per share (2014: 24.0 pence, including a 9.0 pence special dividend).Says dividend will be paid on May 5, 2016 to shareholders on the register at March 29, 2016.  Full Article

Countrywide shares slide on weaker full-year outlook

Nov 9 Countrywide Plc's shares tumbled on Thursday after the property services group forecast full-year results at the lower end of market expectations due to a slowdown in the UK housing market.