Revenue targets scaled back as international problems hit Purplebricks
Online estate agent Purplebricks will miss its revenue targets in its two largest international markets, providing further cause for concern for investors who are cautious about the long-term success of its model.
The Solihull-based group has been affected by "headwinds" in the Australian housing market and an underwhelming response to its marketing push in the USA.
Its shares - which have lost two thirds of their value in the last 18 months - are expected to fall further in early trading this morning.
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