Countrywide shares continue to slide

Stock exchange trading screen

Source: Shutterstock/Hxdbzxy

Countrywide shares continued to slide on Tuesday dropping a further 10% to 49.05p after opening on Monday at 59.00p down 26.3% from its Friday closing price of 80.00p.

The company’s profit warning which forecast a £20m drop in adjusted EBITDA for the first half of the year compared to 2017 led to a sharp drop in its trading value.

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