Countrywide PLC (CWD.L)
24 Sep 2018
Wed, Sep 19 2018
Sept 19 Royal Mail Plc 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 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.
* Says top shareholder to vote in favour of placement (Recasts, adds CEO comment)
Aug 2 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)
June 25 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.
April 25 Countrywide Plc, 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.