First-half losses double at Purplebricks as housing market stalls

Online estate agent’s shares down 12% after it cuts full-year revenue forecast to £175m

First-half losses have more than doubled at Purplebricks as the online estate agent warned that it saw little prospect for immediate improvement in the UK property market.

Purplebricks made a pre-tax loss of £27.3m in the six months to 31 October, up from £11.4m in the equivalent period last year.

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from Property | The Guardian https://ift.tt/2EjOQC7
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