UK's Smoove slides after HY loss, warning of realty slowdown
10/11/2022 14:47
** Shares of home movers solutions company Smoove SMV.L
fall 6.8% to 33.8p
** SMV among top pct. losers across London stock exchanges,
will see its worst day since Sept. 28 if losses hold
** Group reports half-year core loss of 2.6 million pounds
($3.02 million) compared with 1 million pounds a year earlier
** Smoove warns of slowdown in property market, says banks
taking more cautious approach to lending
** Co adds potential home buyers delaying purchases in face
of higher borrowing costs, inflationary pressures
** Says half-year loss reflects investments in group's
eConveyancer business and in new product areas
($1 = 0.8621 pounds)
(Reporting by Muhammed Husain in Bengaluru)
((Muhammed.Husain@thomsonreuters.com;))