February 21, 2019 / 7:56 AM / 7 months ago

Purplebricks cuts FY revenue view; UK, U.S. CEOs to depart

Feb 21 (Reuters) - British online estate agent Purplebricks Group Plc cut its full-year revenue forecast on Thursday, as it expects lower revenue from its U.S. and Australian businesses.

The company said it expects to report revenue between 130 million pounds ($169.42 million) to 140 million pounds, lower than the previous forecast between 165 million to 175 million pounds.

The company also said that its UK Chief Executive Officer Lee Wainwright and U.S. Chief Executive Officer Eric Eckardt will leave the company.

$1 = 0.7673 pounds Reporting by Samantha Machado in Bengaluru; Editing by Bernard Orr

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