Countrywide blames Brexit for profit warning

Countrywide has issued a profit warning, blaming Brexit uncertainty for the hit on earnings. The property services group said its 2019 H1 EBITDA would be £5m lower than in 2018. The announcement follows the company warning in March that H1 earnings would take a hit of between £3m and £5m. In a statement released ahead of its annual general meeting today, the company blamed the impact of Brexit uncertainty, stating this had affected the “residential and commercial property markets, particularly in London and the South”. The statement continued: “As a result, in the first quarter, total group income was £140.3m,