CIELA 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The wildly inaccurate claims issued by the company’s recent press release cite that high street estate agents are lazy, outdated and are a rip…

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CEILA 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…

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Purplebricks 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…

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Purplebricks 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…

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Trading 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…

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