Purplebricks sees bounce after update

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Purplebricks sees bounce after update
Master Investor Magazine

Master Investor Magazine 60

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AIM-listed digital estate agency Purplebricks (LON:PURP) has seen its share price climb by 11.11% to 41.95p (as of 14:20 GMT) after it detailed its response to COVID-19. While the company has been able to shift most operations to working from home and costs have been controlled, there has been a fall in activity following the restrictions on movement.

The business said it was too early to estimate the impact of the current situation, but retained confidence in the long-term viability of its online-focused model.

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