LSH revenue hit by ‘extremely challenging’ UK investment market

Lambert Smith Hampton has reported a 9% drop in revenue in the first half of 2019, with the agent citing the slowdown in the UK investment market as the key driver. The firm, whose parent company is Countrywide, posted a 20% fall in transactional revenue over the first six months of the year.  “With the UK economy experiencing heightened political uncertainty and Brexit postponed until 31 October 2019, the UK investment market has seen a sharp slowing down in the first half of the year,” said Countrywide in its interim results. The wider business-to-business division at Countrywide, of which