Property News · February 21, 2019

Purplebricks shares plunge 40% on lower revenue forecasts


Online estate agent announces departure of both UK and US heads after second downgradeShares in the UK’s largest online estate agent, Purplebricks, plunged 40% after the company slashed its revenue forecasts and announced the surprise departure of both its US and UK bosses.The company blamed slower than expected growth in its fledgling US business and “headwinds” in Australia, as it said revenue for the year was unlikely to exceed £140m compared with an earlier forecast of up to £175m. Continue reading…

Source : theguardian.com
Read more…Purplebricks shares plunge 40% on lower revenue forecasts