Wednesday 20 March 2013

UK Budget update 3 - Countrywide IPO

Well, Countrywide the estate agent picked a good first day to float on the market, or perhaps they knew something?
"According to Bloomberg, Countrywide shares gained 47 to 397p after being priced on Tuesday at 350p, the top of the initial public offering range.
Dealers chased Countrywide higher amid hopes that the company – whose brands include Bairstow Eves, Churchills and Hamptons International – will benefit from an increase in the volume of house sales following the Budget."
http://www.telegraph.co.uk/finance/markets/marketreport/9944475/Countrywide-shares-brighten-up-a-grey-day-as-Budget-renews-optimism.html

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