Purplebricks ‘on course to meet full year expectations’ as it faces vote on future of chairman

Purplebricks

Source: Shutterstock/D. Pimborough

Online estate agency Purplebricks has told shareholders it is on course to meet full-year expectations and that its turnaround plan is “being delivered at pace’, as it faces criticism from an activist investor.

The group’s half-year figures for the six months to the end of October showed annualised cost savings increased from £13m to £17m. The company claimed that the “financial benefits of the plan will start to come through” in the second half of the financial year and “drive positive cash generation” early in the 2024 financial year.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue