All the updated news related to purplebricks

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City

Purplebricks unveils ‘very disappointing’ annual loss after tough year

The new boss of online estate agency Purplebricks has admitted the firm’s annual results were “not good enough” as it slumped to a loss and warned over tough property market conditions. The embattled group reported pre-tax losses of £34.8 million ...

02 Aug 2022 at 11:48

City

Purplebricks boss leaving due to ‘personal reasons’

The boss of estate agent Purplebricks is stepping down after nearly three years in the job due to “personal reasons”. Vic Darvey, who has been in the top role since May 2019, will leave at the end of March and hand over to chief operating ...

10 Mar 2022 at 11:55

City

Purplebricks swings to loss amid deposit woes

Online estate agent Purplebricks has swung to a loss in the last six-month period as the business lost market share to its rivals. Purplebricks said that it had taken a £12.9 million loss before tax in the six months to the end of ...

31 Jan 2022 at 09:57

City

London markets finish in red after downbeat trading updates

London’s markets suffered another weak performance as traders faced a quiet session on Wednesday. A handful of downbeat trading updates, from the likes of JD Sports and British Land, pointed the FTSE 100 lower at the close of ...

17 May 2023 at 17:44

City

Purplebricks shares tumble further as rival Strike moots asset deal

Troubled online estate agent Purplebricks has seen its shares plummet to yet another record low after revealing exclusive talks with rival Strike over a deal, but reiterated warnings there would be little to return to ...

11 May 2023 at 11:08

City

Purplebricks shares plunge to new record low on cash reserves warning

Troubled online estate agent Purplebricks has seen its shares plummet to a new record low, as the group warned its cash reserves were under threat as it looks for a buyer to help revive its fortunes. The group also ...

09 May 2023 at 10:49

City

Purplebricks eyes sale after slashing costs and warning of losses

Online estate agent Purplebricks could be up for sale itself after revealing its turnaround plans have been costlier than expected and it is set to sink deeper into a loss this year. The platform, which connects ...

17 Feb 2023 at 13:01

City

Purplebricks agrees sale to rival Strike for nominal £1

Troubled online estate agent Purplebricks has agreed a deal to sell its business and assets for a nominal £1 to a rival backed by Carphone Warehouse and TalkTalk founder Sir Charles Dunstone. The deal with ...

17 May 2023 at 11:40

City

Purplebricks chairman under pressure to resign from activist shareholder

An activist investor has built up a 4% stake in embattled online estate agent Purplebricks and is calling for the chairman to resign after the group’s share price plummeted. A letter written on behalf of ...

11 Jul 2022 at 12:25

City

Purplebricks gets new takeover offer after agreeing to £1 Strike sale

Online estate agent Purplebricks has received a takeover offer from its major shareholder, a week after saying it had agreed to sell its business and assets for £1 to online rival Strike. The troubled ...

26 May 2023 at 17:18

City

Purplebricks bidder Lecram pulls out, claiming finances ‘worse than expected’

An eleventh hour rival bidder for Purplebricks has withdrawn its takeover approach, claiming the troubled estate agency’s financial condition is “significantly worse than expected”. It emerged last ...

31 May 2023 at 16:12

City

Strike gets the keys to Purplebricks after £1 sale approved

Purplebricks has been sold for £1 to online estate agency Strike after shareholders approved the offer from the only remaining bidder. It will see the troubled firm come under the ownership of its ...

02 Jun 2023 at 12:57

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