Shares in Countrywide fell yesterday after the group announced increased losses and a sharp reduction in revenue.
The shares ended the day 12% down – having fallen 1.3p.
The shares started the day at 10.5p and at one stage fell to 9p. They ended at 9.2p.
Yesterday Countrywide announced a loss of £218.2m on revenues of £627.1m.
The group also warned that it expected a further slowdown which will affect its earnings for the first half of this year by £3m to £5m.
Branch closures seem likely.
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Middle to end of April will be when it happens.
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I’m sure the £215,000 AML fine they have just had adds the cherry to the top of this pie
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