Hunt relaxes media rules

first_img CULTURE secretary Jeremy Hunt yesterday outlined plans to scrap cross-media ownership rules. The changes mean that holders of Channel 3 licences like ITV, STV and UTV will also be able to own regional papers without restrictions.An aide to Hunt said: “We’re basically clearing the decks. The regulations are outdated. We want to deregulate as much as possible.”But industry executives said the move was unlikely to lead to a wave of consolidation in the local media sector.Rob Woodward, chief executive of STV, told City A.M.: “Removing unnecessary restrictions has to be a good thing, but I’m not sure it will lead to a huge amount of change. I’m not sure that regional press and holders of Channel 3 licences are a good mix.” Share whatsapp KCS-content Hunt relaxes media rules Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Tuesday 28 September 2010 11:06 pmcenter_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush whatsapp Tags: NULLlast_img read more

Alliance Boots to cut 900 jobs

first_img Share Alliance Boots to cut 900 jobs whatsapp whatsapp Monday 4 October 2010 11:07 am More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius Show Comments ▼ John Dunne Alliance Boots has announced plans to cut 900 non-retail jobs as part of a programme to save £56m.The cuts will be made mainly at the firm’s health and beauty division Nottingham.The firm said the cuts will not hit staff in shops and will be made through staff turnover where possible.Alex Gourlay, chief executive of the firm’s health and beauty division, said: “Since 2007, we have undertaken a number of steps to make our business more robust, investing significantly in our stores and commercial offering.“This latest phase will enable us to have a stronger and more agile support infrastructure fit for the long-term future.” Tags: NULLlast_img read more

Guyot takes over as Foxwoods CEO on permanent basis

first_img Subscribe to the iGaming newsletter Guyot, who now becomes the first member of the Mashantucket Pequot Tribal Nation to serve as Foxwoods chief executive, first took over in an interim capacity when John J. James stepped down last year after nine months in charge. People moves 18th March 2021 | By Daniel O’Boyle Jason Guyot will take over as president and chief executive of Foxwoods Resort Casino in Connecticut, operated by the Mashantucket Pequot Tribal Nation, on a full time basis, after serving as interim chief executive since April 2020. Email Address Prior to this, he was senior vice president of resort operations for the operator. Guyot takes over as Foxwoods CEO on permanent basiscenter_img Regions: US Connecticut Read the full story on iGB North America The tribe said that Guyot was “instrumental” in leading Foxwoods through the novel coronavirus (Covid-19) pandemic, which it said led to “one of its most challenging and difficult years”. Image: Folks at 137 at wikipedia Topics: Casino & games People Land-based casino Tribal gaming People moves AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Fundsmith: should I invest right now?

first_img “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. When he talks about ‘good’ companies, Smith is referring to companies that are highly profitable, financially strong, are resilient to change, and whose advantages are difficult to replicate.I really like this approach to investing. I’m happy to invest in Fundsmith knowing that this is the investment philosophy.Portfolio breakdownTaking a look under the bonnet, I like what I see. At 30 September, Fundsmith’s top 10 holdings were:MicrosoftPaypalFacebookIdexxNovo NordiskPhilip MorrisIntuitEstée LauderMcCormickThere are some great companies on that list. I’m particularly bullish on Microsoft and PayPal.I’ll point out that there are plenty of other great companies in the portfolio that aren’t in the top 10 holdings such as Unilever and Diageo. Last year, I took a look at the full holdings here. There hasn’t been a great deal of portfolio turnover since then.Sector-wise, the top three sectors at 30 September were: Consumer Staples (29.5%) Don’t overpay I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Do nothing Technology (29.1%) Healthcare (22.5%) I’m very comfortable with Fundsmith’s sector exposure. Given what’s going in the world right now (Covid-19, recessions, digitalisation, etc.) I think these are three of the best sectors to be in.In terms of geographic split, the top three countries at 30 September were the US (67.6%), the UK (14.6%) and Denmark (6.8%). Personally, I’m comfortable with the high weighting to the US. PerformanceFundsmith’s performance over the long run has been very good. Between launch in late 2010 and 30 September 2020, the fund returned 18.2% per year. It smashed its benchmark, the MSCI World index (11.4%).It’s worth pointing out that when global equity markets tanked in Q1 2020 due to Covid-19, Fundsmith performed very well. It delivered a return of -7.9% for the first three months of 2020 versus -15.7% for the MSCI World index. The FTSE 100 index returned -23.8% over that period. The strong focus on high-quality businesses worked wonders.This long-term performance, and the performance during the 2020 downturn, is reassuring.RisksAs with any investment, there are risks I have to consider.One risk worth highlighting is the concentrated nature of the portfolio. Fundsmith only held 29 stocks at 30 September. That’s not many. That means that exposure to some stocks is quite high. If one or two stocks in the portfolio underperform badly, performance could be impacted quite substantially.Another risk is the high exposure to the US. If the US market underperforms, Fundsmith’s performance could be impacted.Fees are also worth mentioning. I invest through Hargreaves Lansdown where the annual fee is 0.95% plus platform fees. That’s quite high.I’ll keep investing in FundsmithOverall, however, I like Fundsmith and will continue investing in it. I see it as a good core holding.That said, I don’t see it as a ‘one-stop shop’. With just 29 holdings, it’s not going to provide me with full diversification. So, I will continue to invest in other funds, as well as high-quality individual stocks, as well. Enter Your Email Address Buy good companiescenter_img Fundsmith: should I invest right now? Edward Sheldon, CFA | Sunday, 1st November, 2020 Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Fundsmith is one of the most popular investment funds in the UK. For many investors, it’s a core holding.I have a large chunk of money in the global equity fund myself. Is now a good time to invest more? Here’s a concise analysis of the fund.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Fundsmith: investment philosophyLet’s start with Fundsmith’s investment philosophy. This is quite simple. Portfolio manager Terry Smith likes to break it down into three basic steps: Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images. Edward Sheldon owns shares in Microsoft, PayPal, Unilever, Diageo, and Hargreaves Lansdown and has a position in Fundsmith. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool UK owns shares of and has recommended Facebook, Intuit, Microsoft, and PayPal Holdings. The Motley Fool UK has recommended Diageo, Hargreaves Lansdown, and Unilever and recommends the following options: long January 2021 $85 calls on Microsoft, short January 2021 $115 calls on Microsoft, and long January 2022 $75 calls on PayPal Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. See all posts by Edward Sheldon, CFAlast_img read more

Harlequins pip London Wasps after incredible comeback at Twickenham

first_imgTuesday Sep 4, 2012 Harlequins pip London Wasps after incredible comeback at Twickenham Harlequins mounted a stirring comeback on the opening weekend of the Aviva Premiership season as they came back from 40-13 down to seal a 42-40 victory over Wasps at Twickenham. Nick Evans kicked the winning penalty in his 100th ‘Quins game.Wasps got off to a great start as they shot to 20-0 up after only 12 minutes, before Harlequins came back sensationally after trailing by 27 points. Evans was key, scoring 22 points by fulltime.“We were horrific first half and Conor O’Shea had a few choice words with us at half-time,” said Evans. “I cannot explain what was wrong, but we didn’t play and had to really chase the game. Danny Care said to me that if we could come back from this deficit we’d never forget it. We won’t.“No excuses, we were very poor for too much of the game, but we also showed our character and belief in one another to fight back.”The new TMO adjudication came into play for the first time as a Tom Varndell try was called back after a forward pass had occurred, costing Wasps a first half bonus point. They picked it up later through Marco Wentzel, but after Tim Payne scored for ‘Quins, the game changed.Evans’ 77th minute penalty sealed the deal for an astonishing comeback, and great start to the Premiership season. Below are short, official highlights from the match. ADVERTISEMENT Posted By: rugbydump Share Send Thanks Sorry there has been an error See it to Believe it Related Articles 25 WEEKS AGO WATCH: Experts explain what actually happens… 26 WEEKS AGO WATCH: Leigh Halfpenny makes yet another… 26 WEEKS AGO Parisse alley-oop magic sets up brilliant… From the WebThis Video Will Soon Be Banned. Watch Before It’s DeletedSecrets RevealedUrologists Stunned: Forget the Blue Pill, This “Fixes” Your EDSmart Life ReportsYou Won’t Believe What the World’s Most Beautiful Girl Looks Like TodayNueeyWrinkle Remedy Stuns TV Judges: Forget Surgery, Do This Once DailySmart Life ReportsIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier Living30+ Everyday Items With A Secret Hidden PurposeNueeyThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

Information minister assumes role of film censor

first_img February 16, 2021 Find out more Democratic Republic of CongoAfrica to go further Organisation February 18, 2021 Find out more Journalist arrested on provincial governor’s orders September 4, 2015 – Updated on January 20, 2016 Information minister assumes role of film censor Follow the news on Democratic Republic of Congo Reporter jailed in DRC for allegedly defaming parliamentarian Reporters Without Borders (RSF) and Journalist in Danger (JED) condemn the government’s decision to “categorically ban” a documentary about Denis Mukwege, a Congolese surgeon specializing in treating women who have been raped in the course of years of fighting in the eastern province of Sud-Kivu.Information minister Lambert Mendé insists that the Congolese armed forces are “defamed” by “The Man Who Mends Women,” which was made by Thierry Michel, a Belgian filmmaker, and Colette Braeckman, a Belgian journalist who has specialized in central Africa.Mendé nonetheless recently gave Michel and Braeckman assurances that the film would be able to be shown in the DRC.“The Congolese government’s behaviour is outrageous and is indicative of its narrow-mindedness,” said Clea Kahn-Sriber, the head of RSF’s Africa desk. “How can this government deny the reality of the violence that has caused suffering to thousands of Congolese men and women during nearly 20 years of war in the east? How can this government deny the public’s fundamental right to have access to information and know their country’s history?”JED secretary-general Tshivis Tshivuadi added: “No law provides a basis for this ban, which is completely arbitrary. And if the armed forces have filed a defamation suit, show it to us! Even if there were a lawsuit, how could it justify this act of outright censorship? This archaic ban is an embarrassment for the DRC in the new technology era.”RSF and JED call on the information minister to lift his ban, even if his attempted censorship just increases the public’s interest in the film.The European Parliament’s decision to award the Sakharov Prize for Freedom of Thought to Dr. Mukwege in November 2014 was celebrated in an enormous billboard announcement on Kinshasa’s Boulevard du 30 Juin.But Mukwege was the target of murder attempts in 2012 and earlier this year and, according to a statement released by Michel, he is now holed up in his hospital and can only leave if protected by an escort of UN peacekeepers.Michel’s film has received a total of seven international awards in five countries on three continents.The DRC is ranked 150th out of 180 countries in RSF’s 2015 press freedom index. Of late, the government has distinguished itself by its failure to hold elections on time and its repressive attitude towards the media. Receive email alerts RSF_en News News Photo: Denis Mukwege (Picture from the movie) Photo: Thierry Michel, Denis Mukwege, and Colette Braeckman News Congolese reporter wounded by gunshot while covering protest in Goma Help by sharing this information News Democratic Republic of CongoAfrica February 24, 2021 Find out morelast_img read more

Court blocks Alabama from executing Muslim inmate without his imam present

first_imgKuzma/iStock(ATLANTA) — A federal appeals court on Wednesday blocked the execution of a Muslim inmate in Alabama after the state refused to allow his imam to be at his death instead of a Christian prison chaplain. The United States Court of Appeals for the Eleventh Circuit granted an emergency stay of execution for 42-year-old Domineque Ray one day before he was scheduled to be put to death for the rape and murder of 15-year-old Tiffany Harville more than two decades ago in Selma, Alabama. The Alabama attorney general’s office has asked the United States Supreme Court to vacate the stay and let it proceed with the execution scheduled for Thursday evening, according to court documents. “The central constitutional problem here is that the state has regularly placed a Christian cleric in the execution room to minister to the needs of Christian inmates, but has refused to provide the same benefit to a devout Muslim and all other non-Christians,” a panel of three district judges wrote in their decision Wednesday. Ray has been held at the Holman Correctional Facility in Atmore, Alabama, since he was convicted and sentenced to death in 1999. He has been a devout Muslim since at least 2006 and has been meeting with his current imam who has provided religious ministry to Muslim inmates like Ray since 2015, according to court documents. On Jan. 23, two weeks before his scheduled execution, Ray met with the prison warden who, apparently for the first time, explained the practices and policies that the Alabama Department of Corrections adheres to during executions. Among other things, the warden told Ray that a Christian chaplain employed by the department would be in the death chamber as a lethal cocktail of drugs is administered. The inmate’s designated witnesses, along with any spiritual adviser other than the prison chaplain, may be seated in a witness room, separated from the execution chamber by a large window, according to court documents. Ray asked if he could bring in his imam in place of the prison chaplain, but was told his request couldn’t be honored due to the department’s policy. Ray and his attorneys filed a civil rights complaint and an emergency motion for stay of execution on Jan. 28, claiming the policy violated his constitutional rights. The Alabama Department of Corrections has agreed to exclude the prison chaplain from the death chamber, but a district judge on Friday denied Ray’s initial request for a stay of execution. The judge wrote that Ray waited “until the eleventh hour” to make his legal claim, it’s a matter of safety and security, and Ray’s imam, who is not a department of corrections employee, is “untrained, inexperienced and outside the state’s control.” Ray filed an appeal and the court overturned the denial. “We welcome this decision and hope Mr. Ray will ultimately be provided equal access to spiritual guidance,” Ali Massoud, the government affairs coordinator for the Alabama chapter of the Council on American-Islamic Relations (CAIR), said in a statement Wednesday. The three-judge panel wrote in their decision that it was “exceedingly loath to substitute our judgment on prison procedures,” but that “it looks substantially likely to us that Alabama has run afoul of the Establishment Clause of the First Amendment.” “What is central to Establishment Clause jurisprudence is the fundamental principle that at a minimum neither the states nor the federal government may pass laws or adopt policies that aid one religion or prefer one religion over another,” the judges wrote. “And that, it appears to us, is what the Alabama Department of Corrections has done here.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more

Equinor selects Aker Solutions for electrification of its Troll B & C platforms

first_img Aker Solutions wins Equinor contract. (Credit: Øyvind Hagen / Equinor.) Equinor has contracted Norwegian engineering company Aker Solutions for the topside works on its Troll B and C platforms to reduce the CO2 emissions.The company intends to install equipment for receiving electrical power from shore through cable, replacing power generation from gas turbines at the platforms.The Troll field is located nearly 65km west of Bergen on Norway’s west coast and the electrical power cable is planned to be connected to shore at Kollsnes outside Bergen.Equinor awarded the contract to Aker Solutions after it completed the front-end engineering and design (FEED) work in January last year.Aker Solutions CEO Kjetel Digre said: “Reduction of climate footprint is high on the agenda for our customers in the oil and gas industry. Electrification of production platforms is one of the ways to reduce emissions from such operations.“Aker Solutions has extensive experience from delivering such low-carbon solutions, and we aim to be a leading contractor in this market. We are excited to collaborate with Equinor on the Troll electrification.”Under the contract, Aker Solutions will work on engineering, procurement, construction and prefabrication of systems, and installation at the platforms offshore.The company intends to commence the contract works immediately and is anticipated to be completed at the end of 2025.Aker is planning to carry out the engineering works through its office in Bergen, and construction works through its yard in Egersund.The scope of the contract will include around 1,000 man-years for own employees, including nearly 500 for engineering, 200 for construction and 300 for the offshore work.It is expected to involve a total of 4,000 people, including ripple effects, employees working with suppliers, services providers, and others.In December last year, Aker Solutions has received a contract from Equinor for its Johan Sverdrup field offshore Norway.Located about 150km away from the coast of Stavanger in the Norwegian North Sea, Johan Sverdrup field consists of two oil discoveries named Avaldsnes and Aldous. Aker Solutions received the contract following the front-end engineering and design (FEED) contract it has completed in January last yearlast_img read more

D-Day for Countrywide approaches as full-year results date is set

first_imgHome » News » Agencies & People » D-Day for Countrywide approaches as full-year results date is set previous nextAgencies & PeopleD-Day for Countrywide approaches as full-year results date is setCompany says it will reveal the full details of its 2018 performance on 7th March after which directors will be quizzed during a live video conference.Nigel Lewis28th February 20192 Comments2,125 Views Countrywide is to reveal its much-anticipated final results for 2018 on Thursday 7th March, it has been announced.Senior directors including Group CFO Himanshu Raja and Group Chairman Peter Long are due to attend a live video conference at investment bank Jefferies in the City to present the troubled company’s results for the 12 months to December 31st 2018.Much is riding on the senior leadership team proving to investors that their  ‘back to basics’ strategy is delivering the results that investors are hoping for, including reversing recent reductions in sales volumes, and increasing income from lettings.Spearheaded by Group Managing Director Paul Creffield (left), the company has been hiring dozens of senior staff, branch managers and sales people with more traditional property industry backgrounds.It has also been attempting to lure back talent chased out during the ‘retail’ era ushered in by former CEO Alison Platt, although not always successfully. In September last year a senior lettings director, Tim Van der Schyff, jumped ship to Nick Dunning Associates.Earlier this month the company released a brief interim statement for 2018 revealing that it had delivered a ‘resilient’ performance, although overall revenue was reported to be down by 10% and half that of 2017.The public presentation and Q&A session with investors on 7th March will put some much needed flesh on the bones of its performance, reveal a more detailed picture of its 2018 performance and affirm what Long and the other directors intend to do this year. Its 10,000 employees will be watching with interest.Countrywide final year results 2018 February 28, 2019Nigel Lewis2 commentsAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 1st March 2019 at 12:40 amI am not about to become paranoid, but following on from my earlier piece this morning about Countrywide’s woeful balance sheet, the National Trading Standards Estate Agency Team, has confirmed that in its opinion – to be tested by case law – that failure to tell prospective clients about referral arrangements could make all estate agents (including Countrywide) face criminal charges.Pandora’s box is at last open, in the name of transparency, those very helpful folk at the NTSEAT feel that if estate agents for instance fail to tell a prospective vendor that the solicitor they are recommending, gives that agent a fee as a referral, then the agent could be open to a criminal court action under the CPRs and probably action by NTSEAT who could close them down.The new NTSEAT (14 page) guidelines are that estate agents must be transparent and plainly communicate to a prospective client: –‘(a) The price of its services, including any “compulsory” extras; and(b) Where a referral arrangement exists, that it exists, and with whom; and(c) Where a transaction-specific referral fee is to be paid, its amount; and(d) Where a referral retainer exists, an estimate of the annual value of that retainer to the estate agent or its value per transaction.’This sounds on the face of it a really good idea, let the consumer know all.But, if you are a huge corporate like Countrywide, Connells, etc, and you do refer your solicitor business to a certain solicitor, how will it sound if the agent has to say, ‘Mr vendor we feel you may want to use XYZ solicitors, you do not have to, but be aware we get a £120 referral if you do, and annually (and this is the kicker) we as a company receive 2M a year from that solicitor for recommending them.’Do you think the agent will get many takers?It is not just solicitors referrals, that the NTSEAT are talking about, it will cover everything where a referral exists, EPC’s, surveys, you name, the agent will need to declare a monetary interest and an annual sum that they receive.In Countrywide’s case I am informed that for every £1 of revenue generated by the sale fee, an extra 40p of revenue comes from other income streams, solicitors, mortgages etc. So, I assume that referral fees are at play in this 40p of revenue.What I find most fascinating in the NTSEAT guidance notes is the sentence …‘Plainly the most important information in deciding whether to accept a service is the price of that service’So trading standards want to protect the consumer, as the starting position for all consumers is knowing the price of the service?My thoughts are, consumers would actually like to know the quality of the service, relative to the cost. And what I mean is this.An agent gets £120 for referring a client to a solicitor, and the company earns 2M a year in referral fees. So, that could look to be a questionable practice.Much better that the client uses some other solicitor, and the agent earns no fee and there is tie up between the agent, the conveyancing of the sale, and the vendor.Is that a better system though? A vendor uses a solicitor who is unknown, they may be great they may be not too good, they may speak to the agent as the sale progresses, they may not.Or, an estate agent recommends a company that it has a massive connection with, yes it receives a referral fee, but due to the huge volume of business, there is also a commercial incentive to get Mr or Mrs Vendor exchanged.Not only this, – there are highly developed software and hardwired processes in place, and management teams both within the estate agency and the solicitors, all with a common aim of getting as many properties exchanged.This interdependence I think is not a bad thing; having had solicitors and conveyancers over the years who never return a call or seem to do anything at a pace (not all) I would rather place my clients sales in the hands of a fully focused large solicitor practice who has the staff and the technology to perform.Luckily, those days are behind me, but my fear is that in the pursuit of transparency, agents might find they are ‘pushing’ clients away from using their preferred solutions – a brilliant solicitor solution, a brilliant survey solution – and ‘pushing’ clients out into the unknown.I could be wrong, but if clients no longer take up the recommended suppliers of other related services, because of the money that the estate agent gets as a referral fee, then this lost revenue stream could see many agents struggling.Lastly, referral fees exist in many, many areas of commerce, so will trading standards be searching these out and making the world transparent for all folk, including the beleaguered estate agent?Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 28th February 2019 at 7:50 amMy humble opinion is that with profits being less than 6%, it is time for CW to close about a third of the offices. But, Countrywide have left it far too late and there is no recovery plan that will see it survive.I am biased favourably towards this company as 30 years ago they had the foresight to make me a manager after 15 months of becoming an estate agent. But that was in 1988, and since then I am not too sure that they have made any key moves forward.They sought to be the largest agent, when they should have sought to be the most profitable, my best advice, get all the top tier of the management team, put them in a minibus … or two large coaches … and visit all of the CW branches.Then they would see that running a business as though the UK is still in 1988, is not a winning formula.Many know I am not convinced that Purplebricks who has never made a profit, or paid a dividend is the correct business model either, but Countrywide at 10p a share and Purplebricks at fourteen times that 140p a share, should be telling those running Countrywide that the game is over.With completions in 2019 in residential sales likely to be down by 8%, that will cut into the 6% profit margin of this failing business.Add in the scrutiny that is coming into the industry from the government regarding referral fees for solicitors and financial services, surveys etc, plus maybe a 9M loss of revenue when the Letting ban bites in 3-months, and within a year a 10% or more loss is likely to hit Countrywide.If Countrywide fails, and I do not see anyway out for them, the future will belong to the other 17,000 plus estate agents to move forward, and probably this is the core problem.Since 1988, the amount of property to be sold has increased in real terms by only 187%, but the amount of agents has increased by 650%, in fact there is an estate agent on average every 2.5 miles, based on a survey I did in 2018 looking at a 20 mile radius of a county town.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

U.S. Representatives Board USS Theodore Roosevelt

first_imgThe purpose of the visit was to familiarize congressional members and staff with aircraft carrier operations and capabilities as well as creating a better understanding of Navy programs.The group of delegates included U.S. Representatives Michele Bachmann, William Flores, Kerry Bentivolio, Doug LaMalfa and Rob Woodall.During the visit, Rear Adm. Andrew Lewis, commander Carrier Strike Group (CSG) 12, met with the group to discuss day to day operations of the CSG and an aircraft carrier, as well as, what it takes to manage flight operations underway.The delegation flew aboard TR on a carrier onboard delivery aircraft, receiving a certificate commemorating their tail-hook landing. Once aboard, the delegation visited several areas around the ship, such as the bridge, foc’sle and carrier air traffic control center. They also observed day and night flight operations.The delegation departed TR after seeing first-hand the ship’s capabilities as her crew trains to conduct future deployments. View post tag: Defence Authorities U.S. Representatives Board USS Theodore Roosevelt View post tag: Naval View post tag: board View post tag: US Navy [mappress]Press Release, July 15, 2014; Image: Wikimedia The men and women aboard the aircraft carrier USS Theodore Roosevelt (CVN 71) welcomed five members of the U.S. House of Representatives to observe underway operations and meet with Sailors while at sea, June 12-13. July 15, 2014center_img Share this article Back to overview,Home naval-today U.S. Representatives Board USS Theodore Roosevelt View post tag: U.S. View post tag: Representatives View post tag: Navy View post tag: News by topic View post tag: USS Theodore Roosevelt View post tag: americaslast_img read more