Finance

Purplebricks halves losses in first half as Axel Springer continues to ponder takeover bid

By 2019-12-12T08:21:00

Purplebricks

Source: Shutterstock/D. Pimborough

Online estate agent Purplebricks slashed first half losses after a tumultuous period that witnessed the ousting of its founder Michael Bruce and its exit from the Australian and US markets.

The group, which remains in the takeover spotlight, posted losses of £14.1m for the six months to the end of October, compared to a loss of £27.8m last year.

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