Posts Tagged ‘purplebricks’
Purplebricks UK business now in profit
Purplebricks Group plc, today announces its final results for the year ended 30 April 2017. UK expectations upgraded, Australia on track, US beckons. Group revenue up 151% to £46.7m (FY16: £18.6m) – UK revenue up 132% to £43.2m (FY16: £18.6m) Commenting on the results, Michael Bruce, Group Chief Executive, said: “This has been a very…
Read MoreCalifornia to be first launch state in ambitious US expansion.
Purplebricks Group plc announces that it will commence its ambitious United States expansion, identifying California as the first launch state, later this year. Commenting on the news, Purplebricks US CEO Eric Eckardt, said: “Purplebricks is launching in the US, with a distinct offering, which aims to offer a better deal for customers and a compelling…
Read MoreCIELA again shrugs off sabre-rattling by PurpleBricks lawyers:
CIELA again shrugs off sabre-rattling by PurpleBricks lawyers, reiterates public request for substantiation of “completed sale” rate. In response to this Telegraph article, PurpleBricks’s lawyers have written to CIELA for a second time claiming that the statement by CIELA Founder Charlie Wright is defamatory. CIELA has today (Wednesday) responded (attached) to Norton Fulbright’s letter dismissing their letter…
Read MoreYopa, DailyMail and Savills… Onward and upwards with Online Estate Agency it seems
It would appear the fear of online estate agency is now more or less a standard acceptance across the board, that it is likely to be part of or most of the future of estate agency in years to come. Be it major high street estate agencies or investment companies / media companies / consumer…
Read MoreUK business continues to go from strength-to-strength says Purplebricks
Purplebricks Group plc today announces a trading update for the year ended 30 April 2017 ahead of reporting its final results on 29 June 2017. They state: Trading in the UK has been strong, with year-on-year instruction growth in the second half of the financial year up 83%. Commenting on the update, Michael Bruce, Group…
Read MoreCIELA challenges the validity and reliability of PurpleBricks
The Charter for Independent Estate and Letting Agents (CIELA) would like to express its outrage to the grossly misleading and misrepresentative portrayal of high street estate and letting agents by Purplebricks. The wildly inaccurate claims issued by the company’s recent press release cite that high street estate agents are lazy, outdated and are a rip…
Read MoreInvestor Warning: What Happens To the “Disrupters” When They Lose Their Power to Disrupt?
I read an article quite recently titled “Purplebricks gets stock market commentator support – if strategy pays off” written in response to an article by columnist Ian Pierce on the investment website, Motley Fool. Sadly, there were no great revelations in Ian’s article, but he did quite rightly strike one or two notes of caution…
Read MoreHOW AGENTS CAN TAKE BACK SHARE FROM PURPLEBRICKS THROUGH SOCIAL MEDIA
Purplebricks is on the tip of the tongues of many small and medium-sized estate agents, who are seeing their market share being eroded on a local level, by the online giant. According to Chatty Imp, specialists in delivering social media campaigns in the property market, many agents are desperate to find ways to compete with…
Read MoreCEILA Gets its Claws Out Early
It’s not been in existence for all that long – actually just one week – but already CIELA is making waves with one of the UK biggest online property agents. The Charter for Independent Estate and Letting Agents – which currently has 12 regional officers and doesn’t launch officially until October this year – is…
Read MoreCIELA alleges that Purplebricks advertisements are misleading to consumers
CIELA accuses Purplebricks of breaching Consumer Protection from Unfair Trading Regulations Are PB customers paying over £5m per year for properties that PB do not sell? On day one of its existence CIELA, the Charter for Independent Estate and Lettings Agents, has written to Purplebricks to demand they change their misleading advertising and comparable savings…
Read MorePurplebricks intends to expand in the US
Purplebricks PLC announced late yesterday its intention to raise up to £50 million (before expenses), the net proceeds of the Placing will be utilised by the Company to enable Purplebricks to launch its business in the US, initially by establishing itself in a number of key states. The Directors intend that the first stage of…
Read MorePurplebricks announce record level of valuations and instructions in January
Purplebricks Group PLC have today provided additional comment further to its announcement of 27 January 2017 in which they noted the recent strong increase in their share price, they confirmed at the time that they were not aware of any reason for the movement. In todays announcement the Board confirms that, as expected with the…
Read MorePurplebricks announces interim results.
Purplebricks PLC today announces its interim results for the six months ended 31 October 2016 headlined ‘UK achieves maiden EBITDA profit, plans to accelerate market share growth‘. Commenting on the results, Michael Bruce, CEO stated: “Our strong results are testament to the seismic shift that is underway in the estate agency market. We continue to…
Read MoreTrading update from Purplebricks
Purplebricks PLC issues a trading update for the 19 week period to 14 September 2016 in advance of its AGM to be held at 10.00am today. Commenting on the update, Michael Bruce, Chief Executive, said: “We continue to win market share through a combination of our compelling customer proposition, increased brand awareness and the ongoing…
Read MorePurplebricks launches downunder.
Purplebricks the UK based online estate agent is now set to launch in Australia, launching in Melbourne and southeast Queensland ahead of a national rollout. The company has already seen rapid growth in the UK with its model, it has booked heavy advertising costs in attracting its client base, this has resulted in losses overall…
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