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Purplebricks pasted on cost concern

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Online estate agent Purplebricks (PURP:AIM) saw its share price come under some pressure after a mixed set of first half results
(13 Dec). The business remains loss-making despite group revenue rising 150% to £46.8m in the period.
Investment bank UBS says cost increases needed to support the business long-term may be higher than the market anticipates. At 382.5p the stock still trades at nearly four times its December 2015 stock market flotation price. (TS)
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