Estate agency Purplebricks (LON: PURP) warns that trading has been weak in the second half, while the cash that has been helping to underpin the valuation has fallen.
First half trading has been disappointing. There is still strong demand for housing, even though the stamp duty holiday is at an end, but there are fewer owners wanting to sell. New instructions are 23% lower than the first six months of the previous financial year. The number of instructions in the period was around 22,000, do...
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