Beleaguered housebuilder Countryside has seen further losses following its AGM today.
The FTSE 250 company fell 4.3% to 314.8p, bringing it in line with values at the start of the pandemic.
Last week, Countryside reported poor performance in its Q1 financials, as completions, revenue and profits all fell, and chief executive Iain McPherson announced his departure with immediate effect. Shares fell 21% as the market digested the results.
Today (20 January), shareholders met for the company’s sixth annual general meeting, voting to support director re-election and remuneration.
Countryside was the only real estate company in the FTSE 350 top 10 fallers.
Elsewhere, the FTSE 100 dipped 0.1% to 7,585 and the FTSE 250 inched up 0.3% to 22,715.
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