Market wrap: Purplebricks rises after disposal of Canadian business

Online estate agency Purplebricks was one of the biggest risers on the stock exchange, up by 5% following the completed sale of its Canadian business.

Purplebricks announced the concluded sale of DuProprio and Purplebricks Canada to the Desjardins Group for around £35m, as markets were closing yesterday.

Stocks ended today’s session up by 5.09% at 57.8p.

It was one of the few winners of the day, with markets largely flat and a handful of notable drops in real estate.

Countrywide fell by 4.17% to 115p after small rises earlier in the week, U+I continued its descent dropping by 4.05% to an all-time low of 71p and Derwent dipped by 3.23% to 2,816p.

The FTSE 100 dropped 0.67% to 6,250.69 and the FTSE 250 ended down 0.57% at 17,321.29.

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