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

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