Asset Management

Neil Woodford stung by Purplebricks share crash

Online estate agent’s trading update highlights underperforming international businesses and executives leaving

Purple Bricks For Sale sign in Moseley / Kings Heath area in Birmingham, United Kingdom. Purplebricks is a British online estate agent founded in 2012
Purple Bricks For Sale sign in Moseley / Kings Heath area in Birmingham, United Kingdom. Purplebricks is a British online estate agent founded in 2012 Photo: Mike Kemp/In Pictures/Getty Images

One of the UK’s best-known stockpickers has been left red-faced by a share price crash at estate agency Purplebricks.

Neil Woodford, sometimes referred to as Britain’s answer to Warren Buffett, is Purplebricks’ largest shareholder with a stake of just under 30%.

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