Hints and tips:
...The Bruces left the business in 2019 after acknowledging it had expanded too rapidly. Axel Springer has agreed to support the deal, which requires shareholder approval, Purplebricks said....
...Axel Springer declined to comment....
..., Aim-listed Purplebricks has grown to be the largest standalone agency brand, accounting for almost one in 20 UK sales last year and attracting funding from Neil Woodford and German media company Axel Springer...
...Intel Corporation has appointed Bruce Andrews as corporate vice-president and chief government affairs officer. He joins from SoftBank, where he was senior vice-president and a managing partner....
...Former chief executive Michael Bruce sold his entire 11.02 per cent stake to Axel Springer — as did his wife — following his departure from the company last month....
...This year it exited its lossmaking US and Australian businesses, and founder Michael Bruce stepped down as CEO....
...It may hope to make a speculative buck amid all the talk of an Axel Springer bid....
...But it seems there is one couple only too happy to arrange a Purplebricks deal entirely on their own: outgoing founders Michael and Kenny Bruce....
...This week the group ended its antipodean adventure — and Mr Bruce’s tenure....
...Purplebricks, which is backed by the crisis-hit UK stockpicker Neil Woodford and by Germany’s Axel Springer, will also try new pricing models in the UK, where it charges a fixed fee whether or not a house...
...Mr Bruce said a similar change in the UK was “not on the agenda”....
...But German publisher Axel Springer paid a heavy premium for its 11 per cent stake a year ago when the shares were above £4....
...Michael Bruce, chief executive, said: “The challenging UK housing market is driving a shake-out in the industry, highlighting weaknesses in some traditional and online agents’ business models....
...What was said: Purplebricks chief executive Michael Bruce said: “Our investment in Homeday secures for us a strong foothold in Europe's second largest residential real estate market....
...Michael Bruce, Purplebricks chief executive, said: “The strategic partnership with Axel Springer is groundbreaking and will propel Purplebricks further towards our strategic goals and global ambition.”...
...The largest and most high-profile UK hybrid agency is Purplebricks, which is backed by the fund manager Neil Woodford and German publisher Axel Springer....
...In March, German media group Axel Springer announced a £125m investment in the group....
...It comes after German media group Axel Springer bought a £125m (11.5 per cent) stake in Purplebricks, to help the UK company accelerate international growth and expansion in March....
...Group chief executive Michael Bruce sold 4.44m, global sales director Kenny Bruce 2.27m, and non-executive director William Whitehorn 225,000, all at 360p a share....
...She attends any Bruce Springsteen concert she can get to, enjoys rambling and hasn’t had a proper birthday party since she turned 16....
...Satirical musicals on unlikely subjects are a feature of this year’s Fringe, no doubt inspired by the success of Jerry Springer: The Opera. Tony!...
...Since then, he has used Incisive’s new-found speed and manoeuvrability to make three acquisitions, including the latest £315m bid for Bruce Wasserstein’s American Lawyer Media group....
...Hodgkin came, says his friend Bruce Chatwin, from a family of “well-ordered minds and well-furnished houses”....
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