PHOTO: Purplebricks said Brexit uncertainty was weighing on UK house sales © PA
The estate agency Purplebricks more than doubled its losses to £27.3m in the six months to October from a year earlier as it pushed to convert homebuyers in five countries to its digital model. The Aim-listed company, which is backed by Germany’s Axel Springer, also cut its revenue forecast for the full year and said the run-up to the UK’s departure from the EU was weighing on housing sales in its home market. Michael Bruce, chief executive, said: “It’s fair to say the uncertainty around the Brexit position and what it means to people will impact most industries in this country.”
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