Countrywide’s board is discussing the future of under-pressure chief executive Alison Platt, after the group’s shares slid to a record low following a profits warning last week.
Sky News quoted “City sources” who suggested that an announcement on Platt’s departure was possible in the next few days, although it has not yet been finalised.
One source told the broadcaster: “I’d be surprised if there’s been nothing official by the time of the results [on March 8].”
Countrywide’s shares closed at 103p yesterday, down nearly 3.6%.
It makes a precipitous fall in the value of the business, in which shares closed trading on Wednesday last week at just over 135p.
Countrywide then issued a dramatic — and unscheduled — trading update on Thursday in which it warned that it is expecting group EBITDA for 2017 to be 22% down on the previous year.
It said total group income is expected to be £672m, down 8.8% on 2016′s total of £737m.
Total income in the sales and lettings business for the full year is expected to be circa £360m, down 14% on 2016, which Countrywide said reflected a disappointing fourth quarter performance.
Since then, all eyes have been on Platt, who has been in charge of Countrywide since 2014 and is a former Bupa and British Airways executive.