PURP.L Share News (PURP)

LONDON BROKER RATINGS: Davy ups Purplebricks; JPMorgan cuts Clarkson

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

IN BRIEF: Purplebricks launches sale process as part of review

Purplebricks Group PLC - Solihull, England-based online estate agent - On Wednesday, launches formal sale process as part of its strategic review, announced in February. Says the process seeks to "fully explore the option of the potential sale of the group, and to enable that process to establish whether there is a bidder prepared to offer a value that the board considers attractive." Notes that the launch follows "several credible expressions of interest " that it has received, while it also looks to engage with other parties that could be interested in the sale.

Purplebricks launches formal sale process

(Sharecast News) - Online estate agency Purplebricks said on Wednesday that it was launching a formal sale process after receiving several approaches for the business.

LONDON MARKET MIDDAY: Stocks red, pound fall amid rate rise fears

(Alliance News) - Stock prices in London were lower at midday on Friday, amid renewed rate rise fears and a poor share price performance from bank NatWest.

Purplebricks turnaround plan incurs costs; target positive cash

(Alliance News) - Purplebricks Group PLC on Friday said its turnaround plan continues at pace, with positive cash generation expected in financial 2024, in spite of short term costs.

AIM WINNERS & LOSERS: Purplebricks drops as turnaround plan continues

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

Purplebricks considers putting itself up for sale, cuts guidance

(Sharecast News) - Purplebricks downgraded its full-year expectations on Friday as it pointed to disruption from its new go-to-market strategy, and said it was considering putting itself up for sale.

IN BRIEF: Purplebricks shareholders back chair in requisitioned vote

Purplebricks Group PLC - Solihull, England-based online estate agent - Votes against Lecram Holdings Ltd's resolutions to remove Paul Pindar as chair and appoint Harry Hill to the board of directors. Shareholders vote 72% against removing Pindar as chair, compared to 28% for removing him. Shareholders vote 58% against appointing Hill as a company director, compared to 42% for appointing him. Directors recognise that, while both resolutions were rejected, a significant proportion voted in favour of them. Says will continue to engage with shareholders to ensure full alignment on strategy, objectives and delivery.

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: JPMorgan cuts Assura; BofA cuts Synthomer

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Purplebricks reports wider loss as looks to cost cuts to preserve cash

(Alliance News) - Purplebricks Group PLC on Thursday said its loss widened in the first half of financial year 2023, as the company aims for positive cash generation in financial 2024.

Purplebricks on track for FY even as first-half losses widen

(Sharecast News) - Online estate agency Purplebricks reported a widening of its first-half losses on Thursday but said it was on track to meet full-year expectations as its turnaround plan was being delivered "at pace".

UK earnings, trading statements calendar - next 7 days

Purplebricks investor calls for shareholder meeting to replace chair

(Alliance News) - Purplebricks Group PLC on Wednesday said it has received a letter from a shareholder requesting a general meeting to vote on replacing its chair, but the online estate agent said the board and its major investors support the incumbent.

TRADING UPDATES: DeepVerge fundraises; Tintra narrows interim loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: