First-half losses double at Purplebricks as housing market stalls

Online estate agent’s shares down 12% after it cuts full-year revenue forecast to £175mFirst-half losses have more than doubled at Purplebricks as the online estate agent warned that it saw little prospect for immediate improvement in the UK property market.Purplebricks made a pre-tax loss of £27.3m in the six months to 31 October, up from £11.4m in the equivalent period last year. The company, listed on the AIM junior stock market, lowered the upper end of its full-year