By David Parsley2022-08-03T07:21:00
Source: Shutterstock/James W Copeland
Activist investor Adam Smith has repeated his call for Purplebricks chairman Paul Pindar to quit after the property portal reported a pre-tax loss of £34.8m in its annual results.
Purplebricks also reported a fall of 23% in revenues to £70m for the year to the end of April, and blamed a failed marketing plan and the housing market for the poor results.
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