StockMarketWire.com - Estate agency business Purplebricks Group said a weakening in the overall UK property market, as political and economic uncertainty impacted confidence, had reduced home sale volumes in the six months ended 31 October.

It said this trend was particularly noticeable in the South East.

At a group level, it said pro forma revenue is expected to be broadly flat relative to the same period last year.

However, significant losses incurred in the prior period have now been reversed, and the group said it enjoyed profitable trading in the first half.

The company maintained its overall 4% market share during the period.

The Canadian business modestly outperformed expectations over the period.


At 10:11am: [LON:PURP] Purplebricks Group PLC share price was +4.7p at 113.3p



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