Even though it has been transferred to Link Fund Solutions, the Woodford stake still hangs over estate agency Purplebricks (LON:PURP) and a weakening in demand in the UK property market will not help to clear it.
Purplebricks does say that it has maintained its 4% share of the weaker market. The volume of homes sold has reduced in the period. Political and economic uncertainty are putting off house buyers, particularly in south east England.
A higher level of revenues is being generated for each £1 of marketing spend. Management says that this is due to greater efficiency.
On the brig...
