Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Poundland Group PLC       GB00BJ34VB96

POUNDLAND GROUP PLC

SummaryNewsCompany 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Purplebricks latest British real estate firm to shrug off Brexit

share with twitter share with LinkedIn share with facebook
09/15/2016 | 04:37am EDT

LONDON (Reuters) - British online real estate agent Purplebricks Group Plc (>> Purplebricks Group PLC) became the latest home seller to play down the impact of Brexit on Thursday, saying there had been little discernible impact on trading from the vote to leave the EU.

LONDON (Reuters) - British online real estate agent Purplebricks Group Plc (>> Purplebricks Group PLC) became the latest home seller to play down the impact of Brexit on Thursday, saying there had been little discernible impact on trading from the vote to leave the EU.

Shares in Britain's biggest real estate firms lost about a quarter of their value in the weeks following the Brexit vote, but a dip in home sales was short-lived.

Purplebricks, backed by fund manager Neil Woodford, said trading since May 1 had been "very encouraging" and instructions were up 121 percent year-on-year.

The first online estate agent to list in Britain in December, Purplebricks is one of several online realtors such as Rightmove (>> Rightmove Plc) and Zoopla (>> Zoopla Property Group PLC) betting that home buyers will shift from high street estate agencies.

Zoopla in September raised its profit forecast for the year.

Purplebricks said its market share versus its online peers has improved to 65 percent at the start of September and it was "confident" about the future.

(Editing by Alexander Smith)

By Peter Hobson


Stocks mentioned in the article
ChangeLast1st jan.
PURPLEBRICKS GROUP PLC -4.07% 56.6 Delayed Quote.-54.12%
SHIFT, INC. -6.21% 13450 End-of-day quote.68.55%
share with twitter share with LinkedIn share with facebook
All news about POUNDLAND GROUP PLC
2016POUNDLAND : Form 8.3 - Poundland Group Plc
PU
2016POUNDLAND : Form 8.3 - Poundland Group PLC
PU
2016POUNDLAND : Form 8.5 (EPT/RI) - Poundland Group Plc
PU
2016POUNDLAND : Court sanction of scheme of arrangement
PU
2016Purplebricks latest British real estate firm to shrug off Brexit
RE
2016POUNDLAND : Form 8.3 - Poundland Group Plc
PU
2016POUNDLAND : Rule 2.10 Announcement
PU
2016POUNDLAND : Form 8.5 (EPT/RI) - Poundland Group Plc
PU
2016POUNDLAND : Form 8.5 (EPT/RI) - Poundland Group Plc Amendment
PU
2016POUNDLAND : Form 8.5 (EPT/NON-RI) - Poundland Group Plc
PU
More news
Managers
NameTitle
Barry Williams Managing Director
Mike Gray Director-Information Technology
Sean Nicholas Nennens Cardinaal Director
Paul James Allen Director
Austin Lee David Edward Cooke Director
Sector and Competitors