It’s patch of Pur­ple

Daily Express - - CITY & BUSINESS -

PUR­PLE­BRICKS’ US move reaped re­wards as the on­line es­tate agent stayed on course to hit an­nual forecasts.

The com­pany, which launched in Los An­ge­les this month, said its ad­ver­tis­ing had led to more hits and val­u­a­tions booked than in its UK and Australia mar­kets at the equiv­a­lent stage of their de­vel­op­ment.

UK first-half rev­enues will be more than dou­ble last year. Chief ex­ec­u­tive Michael Bruce said: “We will con­tinue to in­vest in in­fra­struc­ture and teams to sup­port growth, while our fo­cus will re­main on ex­cel­lent cus­tomer ex­pe­ri­ence.” Shares rose 15¼p to 387½p.

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