Countrywide rebounds despite interim profit squeeze post-Brexit
28th Jul 2016 10:08
(ShareCast News) - Countrywide said the slowdown in the housing market has worsened since June's Brexit vote, sending half-year profits in the estate agent shooting down but lifting its shares as investors had feared it would be even worse. Directors warned that full year earnings before interest, t
Read moreUBS launches coverage of UK estate agents
13th Jul 2016 09:21
(ShareCast News) - UBS initiated coverage of the UK estate agent sector on Wednesday, with Foxtons and Savills at 'buy', Countrywide at 'neutral' and Purplebricks at 'sell'. The Swiss bank, which expects UK wide housing transactions to fall 6% this year and 5% the next - with a 10 drop in London in
Read moreTuesday broker round-up:
28th Jun 2016 16:16
(ShareCast News) - Just Eat: Goldman Sachs reiterates buy with a target price of 670p. G4S: Credit Suisse keeps at outperform with a 210p target. Bellway: Goldman Sachs keeps at neutral with a target price of 1715p. Northgate: Numis reiterates to buy with a target of 500p. Babcock: Credit Suisse
Read moreGoldman adjusts ratings on UK housebuilders after Brexit
28th Jun 2016 09:24
(ShareCast News) - Following the UK's decision to leave the European Union, Goldman Sachs expects new build volumes in UK housing to drop 10% next year, versus a previous forecast of 7% growth and house prices to fall by 2%/5% in 2016/17. As far as the UK economy is concerned, the bank has cut its 2
Read moreTuesday broker round-up
7th Jun 2016 16:27
(ShareCast News) - Countrywide: Jefferies reiterates buy with a target price of 600p. Coca-Cola Hbc: Credit Suisse keeps at neutral with a 1500p target. Weir Group: Canaccord upgrades to hold with a target price of 1200p. Johnson Matthey: Berenberg Bank keeps at neutral with a target of 2880p. Sa
Read moreFTSE 250 movers: Easing Brexit fears lift Redrow and Countrywide
23rd May 2016 14:14
(ShareCast News) - The FTSE 250 was not far off its three-month high on Monday afternoon, up 0.71% at 17,042.61 as a buoyant handful of challenger banks and property-related stocks outweighed those hit by the oil price retreat. The Treasury weighed into the Brexit debate, aiming to convince Britain
Read moreThursday newspaper share tips: HICL and residential property
19th May 2016 14:48
(ShareCast News) - Shares in boring and mostly UK-focused investment fund HICL Infrastructure Company are worth holding on to, says The Daily Telegraph's Questor column, citing its income-play appeal. HICL raises money from investors and then buys infrastructure assets around the world, such as hosp
Read moreCountrywide warns Brexit uncertainty will lead to property slowdown in Q2
26th Apr 2016 08:16
(ShareCast News) - Listed real-estate agency Countrywide warned that it expected the housing market to slow down in the second quarter on the back of uncertainty over June's EU referendum. In a trading statement, Countrywide said it had begun 2016 with real momentum as it saw acceleration in transac
Read moreFCA to investigate six life insurers over exit fees
3rd Mar 2016 10:16
(ShareCast News) - The Financial Conduct Authority has launched an investigation into six insurers following a review of the fair treatment of long-standing life insurance customers in relation to what they disclose about exit fees. The City regulator said on Thursday that Abbey Life, Countrywide, O
Read moreFTSE 250 movers: Oil prices help producers and service providers surge
26th Feb 2016 15:05
(ShareCast News) - The FTSE 250 was in the black by mid-afternoon on Friday, up 173.01 points (1.05%) to 16,572.08. Oil producers and service companies featured heavily on the risers, as oil prices continued to rebound. At 1527 GMT, West Texas Intermediate was up 1.64% to $33.62, while Brent crude
Read moreCountrywide reports 37% drop in 2015 profits
25th Feb 2016 09:50
(ShareCast News) - Countrywide, the UK's largest estate agency group, reported a 37% drop in 2015 profits blaming a "significantly" tougher year for the market. The group's operating profit fell to £53.8m in the 12 months to 31 December 2015 from £84.9m a year earlier as the levels of home buying re
Read moreCountrywide appoints Peter Long as chairman
11th Feb 2016 10:53
(ShareCast News) - Estate agency group Countrywide has appointed former TUI chief executive Peter Long as its new non-executive chairman. Long - chairman of Royal Mail - will succeed Grenville Turner, who will retire at the company's 2015 annual general meeting on 27 April. He has held a variety of
Read moreHousing market trends impact Countrywide
21st Jan 2016 07:55
(ShareCast News) - Countrywide said it had an "encouraging performance" in the fourth quarter of the year, but current housing market trends have had an impact. The FTSE 250 company said in a trading update for the year to 31 December that its Retail and London businesses were affected. It noted th
Read moreCountrywide slumps as lack of housing stock weighs on sales volumes
4th Nov 2015 08:50
(ShareCast News) - Countrywide warned full year profits will be lower than last year's as the estate agency group has not seen the expected recovery in numbers of housing transactions, exacerbated by a lack of houses for sale. The FTSE 250 group now expects full year estate agency volumes to decline
Read moreFTSE 250 movers: Al Noor leads the way, housing stocks drop
14th Oct 2015 14:26
(ShareCast News) - The FTSE 250 was down 79.98 points (0.47%) mid-afternoon to 16,818.05, with a weaker than expected data on Chinese consumer prices for September weighing on sentiment. Al Noor led the pack on the back of news that it had reached an agreement on the terms of a possible merger with
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