Company Tag: Countrywide
Change at the top as Countrywide proposes a massive private equity ‘recapitalisation’
Countrywide Plc has announced a proposed "recapitalisation of the business" with a £90m private equity injection creating a new controlling shareholder, contingent on a new Chairman and CEO.
Major Countrywide shareholder calls for ‘decisive action’ to help reverse fortunes
‘Fresh investor capital has evaporated and, with-it, the trust of shareholders’, warns Catalist Partners’ co-founder Robin Paterson in hard-hitting correspondence to outgoing exec chairman Peter…
Countrywide enlists headhunters to ‘hunt for a new boss’
Sky News has reported that Countrywide Plc is searching for a new Chief Executive to replace Paul Creffield, and that Chairman Peter Long will also "step back" at some point.
Countrywide investor pitches major employee share giveaway; warns ‘the company may not survive current challenges’
Jeremy Hosking has called on Countrywide Chairman Peter Long to hand staff 15% of the company "as an incentive to spark a turnaround."
Countrywide reveals lockdown impact & bounce-back performance
"Early trading indicators in England are encouraging and we expect a similar bounce back in Wales and Scotland," says Countrywide's Board ahead of the Plc's AGM.
Countrywide reveals ‘encouraging’ turnaround progress; calls off LSH sale
Countrywide reports an "encouraging" first year of its turnaround plan, with "significant financial and operational progress" - including a return to profit for the Sales & Lettings division.
Countrywide & other agencies take a cautious approach to branch re-opening
Some firms re-opened offices as soon as the Government allowed it last week, but others - including Countrywide - are only slowly re-opening branches after the Covid-19 lockdown.
Countrywide’s income could plunge by 73% in Q2 – but the company says it can survive a ‘reasonable worst case scenario’
78% of the estate agency giant's employees have been furloughed, with remaining senior management all taking pay cuts.
LSL ‘does not intend to make an offer for Countrywide’
Estate agency mega-merger taken off the table for now as LSL pulls out.
Countrywide’s £38m LSH deal on the rocks
UK's biggest property services group confirms Monaco-based investor John Bengt Moeller has 'failed to complete' on the purchase of commercial real estate arm Lambert Smith Hampton
Countrywide & LSL confirm plot for property industry mega-merger
LSL and Countrywide - which operate around 1,000 estate agency branches between them, including Marsh & Parsons, Hamptons and John D Wood - are reported to be in "serious" discussions about merging.
Countrywide offloads commercial arm LSH to focus on resi
UK's largest property services group agrees sale of Lambert Smith Hampton to John Bengt Moeller for £38m