Foxtons and Countrywide poised to announce ‘big falls in profit’

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Both Foxtons and Countrywide are forecast to announce sharp falls in profits this week as they announce their annual results for last year, according to a report in the Mail on Sunday.

Foxtons is tipped to reveal a fall in profits from £43m in 2015 to £25m last year.

According to broker Peel Hunt, Countrywide will say profits fell from £86m to £56m.

LSL is also due to announce its results this week.

All three have previously delivered warnings on profits.

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Written by: Houseladder