24-11-2016 10:31 via news.yahoo.com

Countrywide warns again Brexit will hit 2016 earnings

(Reuters) - British estate agent Countrywide Plc warned again its 2016 core earnings would be hit by lower property market activity since Britain's vote to leave the European Union, sending its shares down more than 14 percent to a record low. Analysts on average expected 2016 core earnings to come in at 85 million pounds to 100.20 million pounds, according to Thomson Reuters I/B/E/S. Countrywide shares fell to a record low of 165.9 pence following the trading statement and were down 13.5 percen
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