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Purplebricks Group PLC (PURP.L)

PURP.L on London Stock Exchange

103.00GBp
17 Jun 2019
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1,025,947
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88.50

Latest Key Developments (Source: Significant Developments)

Toscafund Asset Management Raises Stake To 10.11% From 5.64% In Purplebricks
Thursday, 6 Jun 2019 

June 6 (Reuters) - Purplebricks Group PLC ::TOSCAFUND ASSET MANAGEMENT RAISES STAKE TO 10.11% FROM 5.64% IN PURPLEBRICKS GROUP PLC - FILING.  Full Article

Purplebricks CEO Steps Down With Immediate Effect
Tuesday, 7 May 2019 

May 7 (Reuters) - Purplebricks Group PLC ::PURPLEBRICKS GROUP - TRADING UPDATE AND DIRECTORATE CHANGES.PURPLEBRICKS GROUP PLC - CONFIRMS THAT IT EXPECTS GROUP REVENUE TO BE WITHIN £130-140 MILLION RANGE IT GUIDED TO ON 21 FEBRUARY 2019..PURPLEBRICKS GROUP PLC - WHILST UK PROPERTY MARKET REMAINS CHALLENGING, COMPANY CONTINUES TO OUT-PERFORM MARKET.PURPLEBRICKS GROUP PLC - CASH BALANCES AS AT 30 APRIL 2019 WILL BE NOT LESS THAN £62 MILLION..PURPLEBRICKS GROUP PLC - BOARD REMAINS "CONFIDENT" ABOUT FUTURE OF BUSINESS.PURPLEBRICKS GROUP PLC - GROUP'S CANADIAN BUSINESS CONTINUES TO PERFORM WELL AND TRADING IS IN LINE WITH MANAGEMENT'S EXPECTATIONS.PURPLEBRICKS GROUP PLC - BOARD HAS CONCLUDED THAT PROSPECTIVE RETURNS FROM AUSTRALIA ARE NOT SUFFICIENT TO JUSTIFY CONTINUED INVESTMENT.PURPLEBRICKS GROUP PLC - CHOSEN TO EXIT AUSTRALIAN MARKET.PURPLEBRICKS - MICHAEL BRUCE, FOUNDER AND CHIEF EXECUTIVE OFFICER IS STEPPING DOWN FROM BUSINESS WITH IMMEDIATE EFFECT.PURPLEBRICKS GROUP PLC - BUSINESS IN AUSTRALIA HAS BEEN PUT INTO AN ORDERLY RUN DOWN WITH IMMEDIATE EFFECT, PENDING CLOSURE.PURPLEBRICKS - APPOINTED VIC DARVEY, PREVIOUSLY PURPLEBRICKS' CHIEF OPERATING OFFICER, TO ROLE OF CHIEF EXECUTIVE.PURPLEBRICKS GROUP PLC - MANAGEMENT PROPOSES TO EXAMINE OPTIONS FOR DELIVERING NEXT PHASE OF GROWTH IN U.S..PURPLEBRICKS SAYS "WE ARE VERY CONSCIOUS THAT GROUP'S PERFORMANCE HAS BEEN DISAPPOINTING OVER LAST 12 MONTHS".  Full Article

Purplebricks Cuts Rev. Expectation To 130-140 Mln STG Range From Previous 165-175 Mln STG range
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Purplebricks Group PLC ::STILL EXPECTS TO REPORT UK REVENUE FOR CURRENT FINANCIAL YEAR OF APPROXIMATELY 15-20% ABOVE PRIOR YEAR.DOES NOT EXPECT AMOUNT OF US REVENUE TO BE SUFFICIENT TO MEET ITS EXPECTATIONS IN THIS FINANCIAL YEAR.LEE WAINWRIGHT, UK CEO, AND ERIC ECKARDT, US CEO, WILL SHORTLY BE LEAVING BUSINESS.WAINWRIGHT'S RESPONSIBILITIES WILL BE TAKEN ON IN INTERIM BY VIC DARVEY, PURPLEBRICKS' GROUP CHIEF OPERATING OFFICER.BELIEVES REVENUE FOR CURRENT FINANCIAL YEAR WILL NOW BE IN £130-140 MILLION RANGE UNDER IFRS 15.  Full Article

Purplebricks Group Says On-Course To Meet Full Year Guidance
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Purplebricks Group PLC ::ON-COURSE TO MEET FULL YEAR GUIDANCE.REMAINS ON COURSE TO MEET PREVIOUSLY PROVIDED GUIDANCE FOR FULL YEAR REVENUE OF BETWEEN £165M AND £185M.CANADIAN BUSINESS IS PERFORMING STRONGLY, IN LINE WITH EXPECTATIONS.YEAR-ON-YEAR REVENUE GROWTH OF APPROXIMATELY 20% IN UK IN SIX MONTHS ENDED 31 OCTOBER.CHALLENGING UK HOUSING MARKET DRIVING SHAKEOUT IN INDUSTRY, HIGHLIGHTING WEAKNESSES IN SOME TRADITIONAL, ONLINE AGENTS BUSINESS MODELS".  Full Article

The Capital Group Cuts Stake In Purplebricks To 3.63 Pct From 5.01 Pct - Filing
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Purplebricks Group PLC ::THE CAPITAL GROUP COMPANIES CUTS STAKE IN PURPLEBRICKS GROUP PLC TO 3.63 PERCENT FROM 5.01 PERCENT - FILING.  Full Article

Germany's Axel Springer To Make 125 Mln Stg Investment In Purplebricks
Monday, 26 Mar 2018 

March 26 (Reuters) - Purplebricks Group Plc ::STRATEGIC INVESTMENT FROM AXEL SPRINGER OF APPROXIMATELY £125 MILLION INCLUDING A £100 MILLION SUBSCRIPTION FOR NEW SHARES.INVESTMENT TO ACCELERATE ROLLOUT IN US, SUPPORT ENTRY INTO NEW MARKETS.‍GROUP REVENUES FOR FULL YEAR EXPECTED TO SHOW AROUND 100 PER CENT. YEAR-ON-YEAR GROWTH​.AXEL SPRINGER WILL OWN APPROXIMATELY 11.5 PER CENT. OF PURPLEBRICKS' SHARE CAPITAL FOLLOWING TRANSACTION.AXEL SPRINGER AGREED CONDITIONALLY TO SUBSCRIBE FOR 27.8 MILLION NEW SHARES AT A PRICE OF 360 PENCE PER ORDINARY SHARE.INTENDS TO ALLOCATE APPROXIMATELY £50 MILLION OF SUBSCRIPTION PROCEEDS TO US ROLLOUT.PURPLEBRICKS - UK UNDERLYING SOFTNESS AND ADVERSE WEATHER IN FEB, MARCH RESULTED IN REVENUES FOR YEAR EXPECTED TO BE ABOUTY 5 PERCENT BELOW CO CONSENSUS​."BEGINNING TO SEE EXPECTED SPRING MARKET ACTIVITY BUILDING EVEN THOUGH BACKDROP OF RELATIVE MARKET SOFTNESS PERSISTS".  Full Article

Purplebricks Names Lee Wainwright As CEO Of Purplebricks UK
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Purplebricks Group Plc ::PURPLEBRICKS GROUP PLC - ‍LEE WAINWRIGHT APPOINTED CEO OF PURPLEBRICKS UK​.PURPLEBRICKS GROUP PLC - ‍APPOINTED CHIEF EXECUTIVE OFFICER OF PURPLEBRICKS' UK OPERATIONS WITH IMMEDIATE EFFECT​.PURPLEBRICKS GROUP - LEE WAINWRIGHT APPOINTED CEO OF PURPLEBRICKS UK.  Full Article

Purplebricks Group Says H1 Group Revenue Up 150%
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Purplebricks Group Plc ::H1 GROUP REVENUE UP 150% TO £46.8M.H1 AVERAGE UK INCOME PER INSTRUCTION UP 14% TO £1,138.‍UK REVENUE GUIDANCE FOR FULL YEAR UPGRADED 5% FROM £80M TO £84M​.ON-COURSE TO ACHIEVE FULL YEAR REVENUE GUIDANCE OF £12M IN AUSTRALIA.H1 TOTAL GROSS PROFIT 26.2 MILLION POUNDS VERSUS 10.4 MILLION POUNDS YEAR AGO.UK BUSINESS CONTINUES TO SCALE UP N H1, REPORTING AN ADJUSTED EBITDA PROFIT OF £4.7M (FY17: £0.3M) AND AN OPERATING PROFIT OF £3.2M.ON-COURSE TO ACHIEVE FULL YEAR REVENUE GUIDANCE OF £12M IN AUSTRALIA.  Full Article

Purplebricks Group says ‍remains on course to meet board's expectations for full year​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - PURPLEBRICKS GROUP PLC ::REMAINS ON COURSE TO MEET BOARD'S EXPECTATIONS FOR FULL YEAR​.  Full Article

Purplebricks says ASA issued conclusion on 2 issues on TV adverts in UK
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Purplebricks Group Plc ::ASA HAS ISSUED ITS CONCLUSION ON TWO ISSUES RELATING TO PURPLEBRICKS TV ADVERTS IN UK​.‍FIRST ISSUE, WHETHER TV ADVERTS IMPLIED THAT PURPLEBRICKS DID NOT CHARGE A FEE FOR ITS SERVICE, WAS DISMISSED BY ASA​.‍ON SECOND ISSUE, ASA AGREED IT WASN'T SUFFICIENTLY CLEAR IN TV ADVERTS FOR CONSUMER, THAT FLAT FEE WAS PAYABLE TO CO IN ALL INSTANCES​.‍PURPLEBRICKS HAS ALREADY UPDATED ITS UK TV ADVERTS TO MAKE THIS EVEN CLEARER. NEW WORDING HAS BEEN APPROVED BY CLEARCAST​.‍WHILE NEW TEXT HAS ONLY BEEN AIRED FOR A COUPLE OF DAYS, THERE HAS BEEN NO NOTICEABLE IMPACT ON BUSINESS​.  Full Article

Purplebricks names interim U.S. boss, restates optimism for business

Purplebricks Group Plc named Phil Felice as the interim boss of its U.S. operations on Monday to oversee the online estate agent's review of the business and said it was optimistic about the future of the business.