Activist investor repeats calls for Purplebricks chairman to quit after poor annual figures


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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