LSL Property Services shares fell 27% after it warnof lower-than-expected revenues. The Daily Telegraph. Financial Times
The residential estate agency, surveying and financial services company blamed the slowdown in the housing market as it cut profit expectations by 15% for this year.
Less than a year after its flotation, the estate agency and surveying group, which counts most UK mortgage lenders among its clients, cut its pretax profit estimate for the year to December from £37.6m to £32.1m. For the next financial year, its estimate is 24% lower at £32.5m (£43m).