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Purplebricks warns on revenue

Purplebricks warns on revenue

Shares in Purplebricks (PURP) fell by nearly a third after the hybrid online estate agent admitted that revenue for the year to April 2019 would be around a fifth lower than previous guidance. Management expects revenue to come in at between £130m and £140m, which although 15-20 per cent ahead of the previous year, is behind the £165m-£175m previously expected.

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