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TODAY'S OTHER NEWS

Purplebricks to reveal trading details on General Election day

Purplebricks is to give its next trading update on General Election day, December 12, when it will tell shareholders the details behind its business performance for the six months to the end of October.

There is unconfirmed speculation that there may be further changes to the agency’s business model revealed at the same time.

Earlier this month Purplebricks revealed cursory headlines regarding the six months to the end of October - which is the first half of the company’s financial year - saying that it maintained a four per cent overall market share and expected to report an improvement in the near future as planned efficiencies bore fruit.

It expected revenue to be flat while the “significant losses” of recent years had been reversed producing “profitable trading” in the first half of the year.

The agency hiked its charges to sellers by £100 a month ago.

Just last week the agency described itself as the UK's largest estate agency claimed that it sold - actually sold, rather than listed - three times more homes than the second largest.

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