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Countrywide trading update shows record year

Countrywide-THUMB.jpegCountrywide chalked up a record year in 2014, with total shareholder returns in excess of £57m and total income reaching £702.2m – up 20% on 2013.

There were record results from the lettings business on revenue, profits and margins, with Lambert Smith Hampton singled out for delivering ahead of expectations.

The group invested £48.8m over the course of the year. Acquisitions included north London agency, Preston Bennett, Ireland’s largest property consultancy, BTW Shiells, and Tucker Gardner, a letting and sales business in Cambridge.

Countrywide chief executive, Alison Platt, said: “These results once again underline the resilience we derive from our broadly based business and our ability to deliver strong growth in a challenging market.”

The company will publish its final results for the year to 31 December 2014 on 26 February 2015.

alex.horne@estatesgazette.com

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