LSL trumpets ‘highly resilient’ performance as estate agency revenue drops; warns on coronavirus impact

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There's a lot going on in LSL's latest update to shareholders, with Countrywide merger talks ongoing, the impact of last year's dramatic network downsizing revealed, and a warning that the spread of the Covid-19 virus is already having a noticeable effect on market prospects.

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"Today we present Purplebricks 2.0," declares CEO Vic Darvey, as the hybrid estate agency sets an ambition to double its market share to 10% of property sales over the next few years.
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The property Plc's full year results show that Total Group Income is down by c.17% in 2017 compared to 2016
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"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.