U.K.-based real estate agency Purplebricks Group PLC appointed Vic Darvey as its first group COO, effective in January 2019.

Darvey previously was managing director of Moneysupermarket.com Group PLC.

The company's board also narrowed the range of its revenue guidance for full-year 2019, to between £165 million and 175 million from £165 million to 185 million. Purplebricks said in its latest earnings release that the adoption of IFRS 15 will lead to about 2% downward adjustment to its guidance, with a minimal impact on profit and no impact to cash.