City analyst predicts Rightmove will lose more agents this year

first_imgHome » News » Marketing » City analyst predicts Rightmove will lose more agents this year previous nextMarketingCity analyst predicts Rightmove will lose more agents this yearHargreaves Lansdown paints a gloomy picture for the portal in the short to medium term, until the housing market and agent finances return to some kind of normality.Nigel Lewis24th June 20201 Comment1,389 Views A leading City investment analyst has poured cold water on the prospects of Rightmove in the short to medium term after its shares dropped 8% at one point yesterday afternoon following its decision to extend its Coronavirus fees discount period until the end of September.Hargreaves Lansdown, which gained considerable notoriety last year following its role in the downfall of Neil Woodford’s Investment Management Fund, says it expects the portal to lose more agent customers as the economic slowdown caused by the pandemic begins to bite harder.Rightmove revealed yesterday that it had already lost 3.8% of its advertisers including 620 agents and 135 developers since the start of the year.Worse to come“As the UK is weaned off furlough schemes towards the end of 2020, we expect the worst is yet to come. The result could be more of Rightmove’s customers going out of business,” the report says.“Overall, Rightmove’s dominant market position should stand it in good stead once conditions return to normal.“But normal is looking increasingly far away which is going to hit earnings this year at least.“For now, the dividend is suspended. The full extent of the damage will depend on how long the disruption lasts, and how quickly the economy recovers.”But there is good news for agents in the Hargreaves Lansdown report. It says that the tough economic conditions means such an environment “doesn’t bode well for price rises”, suggesting the portal will have little option but to freeze or drop its fees as the pandemic’s affect on agent profits and turnover continues to create problems through this year and into 2021.Read the report in full.Rightmove Hargreaves Lansdown June 24, 2020Nigel LewisOne commentAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 25th June 2020 at 4:26 pmThe property portal king is dead, long live the king, July the 1st beckons and there is a whole phalanx of property portals massing on the horizon. Is phalanx an apt term? … ‘a rectangular mass military formation, usually composed entirely of heavy infantry armed with spears, pikes, sarissas, or similar weapons.’ Yes, I would say that is a pretty accurate state of affairs.The new portal challengers are ‘tooled up’ with new technology and new ways of doing things, making the consumer journey a much smoother process. Also, the position of agents in the mix of these new models has changed, they are seen as partners and the holders of the inventory that the end consumer wants. Unlike Rightmove who seems hellbent on ostracising the paying agents in annual price increases.Yes, they are cutting the cost now, a 20M sop, but would it not have been far simpler to develop the portal in the last two decades, rather than sit on a dot come idea from two decades ago.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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Will tenant referencing cope when millions come off furlough in March?

first_imgA leading referencing platform has warned that the lettings industry faces a major challenge when the extended furlough scheme ends on 31st March.Last week Chancellor Rishi Sunak revealed that the scheme, which has so far supported some 9.6 million jobs since the first lockdown, has been extended by five months until the end of March.“It’s clear the economic effects are much longer lasting for businesses than the duration of any restrictions, which is why we have decided to go further with our support,” said Sunak.But having so many people on furlough for such a prolonged period is presenting problems for many letting agents as landlords reject or ask for guarantors for prospective tenants, if they have been furloughed.Simon Tillyer, Vouch“We’re clearly dealing with a new set of challenges when it comes to not only referencing but also the whole rental market,” says Simon Tillyer, Founder and Director of Vouch.“With furlough extended, a major spike in unemployment predicted, and an ongoing stay on evictions, the landscape that agents and landlords are grappling with is an ever-shifting one.“What we’re focusing on is ensuring our referencing product anticipates these challenges and works hard to flag evolving risk factors.“We’re then offering additional support alongside this, such as Rent Protection Insurance and enhanced customer service offerings to further mitigate against uncertainty.”Spotting furloughAnother referencing supplier which uses Open Banking protocols to check tenants, but which wants to remain anonymous, told The Negotiator that most systems provide reference providers with ‘average’ income levels for a tenant over usually a 12-month period. But this means it’s harder to spot when a tenant has been furloughed and their income drops by 20%.“But the longer a person is on the scheme, the easier it will become to detect if a tenant has been furloughed,” a spokesperson says.Hamptons International also says that problems with referencing mean it is getting increasingly hard for less affluent tenants to move home which, its research shows, is already beginning to show in the market with affluent areas seeing an increase in home moves, and poorer areas witnessing a drop.Read more about referencing.hamptons inernational furlough Rishi Sunak referencing Simon Tillyer Vouch November 9, 2020Nigel LewisWhat’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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » COVID-19 news » Will tenant referencing cope when millions come off furlough in March? previous nextCOVID-19 newsWill tenant referencing cope when millions come off furlough in March?Industry players worry that million of tenants will struggle to pass referencing after prolonged periods on the recently-extended scheme.Nigel Lewis9th November 202002,148 Viewslast_img read more

Trinidad and Tobago Navy patrol vessels get new radars

first_img Authorities Trinidad and Tobago Navy patrol vessels get new radars View post tag: Kelvin Hughes View post tag: Damen Back to overview,Home naval-today Trinidad and Tobago Navy patrol vessels get new radars British navigation and security surveillance systems manufacturer Kelvin Hughes has installed its SharpEye upmast radar system on four new vessels commissioned by the Trinidad and Tobago Defence Force.The Damen Stan Patrol 5009 Coastal Patrol Vessels are all now fitted with a Kelvin Hughes Advanced Surveillance System incorporating a SharpEye™ X-Band radar, located upmast in a carbon composite housing. The four vessels, TTS Speyside, Quinam, Moruga and Carli Bay, will patrol Trinidad and Tobago’s coastal waters and are also capable of operating in its Exclusive Economic Zone.The original order for the SharpEye™ radar systems was placed by Alphatron Marine BV of The Netherlands who was assigned as the integration partner for Damen Shipyards. With deliveries and sea trials conducted between April and October of last year, the programme was concluded in November and both the radar and the patrol craft are now in service.Rohan Dearlove, Kelvin Hughes’ Sales Director – Central Region, commented: “We’re delighted to have successfully delivered this important project to Alphatron Marine, Damen and the Trinidad and Tobago Defence Force. The selection of SharpEye™ radar technology delivers benefits to all of our customers, whether they be system integrators, shipbuilders or end users.”The four vessels Damen delivered to the Trinidad and Tobago Defence Forces are part of a twelve-vessel purchase agreement between the company and the Caribbean country signed in May 2015. The agreement includes four patrol vessels, two 54-meter fast crew supply utility vessels, and six 11-meter interceptor vessels. February 1, 2016 View post tag: Trinidad and Tobago Navy Share this articlelast_img read more

Pullman Speaks Out Over Changing Landscape

first_imgAuthor and local-resident Philip Pullman expressed his concern over the way Oxford was changing, warning that it threatened the unique nature of the city.Pullman raised his concerns while lending his support to campaigners protesting against plans to redevelop the Castle Mill Boatyard site in Jericho. The former boatyard site is under threat following plans put forward by Spring Residential to build blocks of flats. Speaking of the boatyard, he commented that it was sites such as these which distinguish the city; the new additions would only add to what he described as the “concrete wasteland” spreading over Oxford.”The Covered Market is changing, and Cornmarket is now a street like any other High Street in the country, so it is all the more important we protect little spots like this.”People need to protest and make their views heard as soon as possible. Oxford is unique and different to any other city in the world.”last_img read more

How to be Queen of the Bop

first_imgKnown for cringeworthy music, precarious outfits and floors sticky with the spilled vodka-cokes and lager of over-excited or over-drunk students, the bop is as much a part of Oxford life as libraries, boaties and the emergency hiding of Shisha pipes. Like it or loathe it, the bop looks to be one of those things which will not go away.The name alone suggests that this is an institution which has been running for quite some time.  A quick search on that other Oxford staple, Wikipedia, reveals ‘bop’ as a “party or club night at many British universities” but I have yet to find a friend from another uni who uses the word.  We’ve all been there, ridiculed in our home towns for letting slip the word ‘bop’ in company.  “Bop?” they laugh, derisively, rolling the word around their mouths, “how…quaint.  Will there be ginger ale and a jive competition?”  And we laugh along, all the while cursing them as we explain that, in fact no, ‘bop’ is just a word for a college party and we really are very cool indeed.  Worse still is when mothers or more often grandmothers begin to smile distantly, their eyes glazing over in reminiscence of bops to which they were escorted back when the word ‘bop’ – as well as ‘yonder’, ‘thou’ and ‘ye’ – was still in common usage.  “Oh yes dear,” they say, their carpet slippers tapping away to a half remembered rhythm, “I remember I met your grandfather at a bop in the town hall.  He came straight up to me…I was a looker in those days, you know, everybody said so…and he asked me to dance and he took me by the hand and we did the lindy hop until nearly eleven when my father came to fetch me.”  And we nod along soberly, thanking our deity of choice that our bops aren’t like that and wondering what on earth the lindy hop might have been.We have email these days and, sometime early in the term an email arrives containing the first bop theme.  Somewhere within the title the word ‘naughty’ appears.  Or perhaps ‘dirty’.  Or ‘undressed’.  Amongst these inevitable terms you find the actual theme and with it the realisation that you have absolutely nothing to wear. I mean literally having nothing suitable to wear, like Cinderella. Once you have your theme, inventiveness is the key. Christmas bops, for example, bring out hoards of ‘Slutty Santas’, which, though I never complain too bitterly, were all overshadowed by a girl who came dressed as a present.  Resplendent in a large cardboard box, neatly wrapped and with a bow attached she may have struggled to get through the door and spent most of the night apologising for the way in which her outfit kept walking into people without her knowledge but at least she tried.  Take heed of her example: do not be tempted just to head for Primark or the Party Shop. Approach your bop costume as you would an exam paper: take a few moments to fully read the question and gather your thoughts before you dive in.  Try thinking outside the box…like going Back to School as a bike shed (illustrated).Your costume, whatever it may be, should be designed and constructed with certain things in mind.  Firstly and most importantly you should not be over constricted.  Whilst dancing is not my forte and I have in fact spent most of my life thus far trying to avoid doing it in public – I am always tempted by the one-hand-clutching-an-ankle-and-the-other-behind-the-head-such-that-the-knee-and-elbow-meet-in-time-with-the-music move: always a crowd pleaser but for all the wrong reasons – but I once made the mistake of producing a costume with such limited arm movement that I could not get my drink to my lips without assistance.  If you are inclined towards dance then you should curtail your drinking slightly to compensate. Funny to watch you may be, but your embarrassing antics will only be a source of frustration to your friends as they are forced to select photos to add to facebook, subsequently tagging and captioning them all. Also, be aware that whilst air guitar may be fun and, in some situations even cool, there is a time and a place, and in the middle of an ever-expanding circle of startled onlookers, YMCA pumping out of the speakers, is neither.  When it all comes down to it though, most people at the bop will be just as drunk, badly-dressed, badly co-ordinated and, frankly, uncool-looking as you anyway and those who aren’t haven’t tried hard enough to pass judgement, so just get in there and have fun.last_img read more

Remembering Ron ‘Pigpen’ McKernan With 10 Classic Grateful Dead Performances

first_img43 years ago today, we lost co-founding member of the Grateful Dead, Ron “Pigpen” McKernan. Best known for his prodigious blues and R&B acumen behind the organ, as well as his inspired harmonica playing and deep, soulful vocals, Pigpen was a pivotal member of the Dead in its most formative years, more or less the band’s main attraction before Jerry Garcia inserted himself as the leader that we’ve come to know and love.Martin Scorsese’s Grateful Dead Documentary To Preview At Film FestBy the end of 1972, Pigpen’s health had deteriorated to the point that he was no longer able to accompany the band on tour. Years of heavy drinking and a pre-existing illness had taken their toll on the young man. Pigpen played his final show with the Dead at the Hollywood Bowl on June 17, 1972 before succumbing to a gastrointestinal hemorrhage at his home months later.Listen To The Grateful Dead’s Debut Performance Of Every Cover In Their RepertoireIn remembrance of the late great Ron “Pipgen” McKernan, here are 10 videos that capture his brilliance and contributions to the early days of the Grateful Dead:“Big Boss Man” at Fillmore Auditorium, San Francisco, CA – 7/16/66“Alligator” > “Drums” > “Caution (Do Not Step On Tracks)” at Shrine Auditorium, Los Angeles, CA – 8/23/68“Turn On Your Lovelight” at Thelma Theater, Los Angeles, CA – 12/12/69“Smokestack Lightning” at Fillmore West, San Francisco, CA – 2/8/70“Easy Wind” at KQED-TV San Francisco – 8/30/70“Operator” at Fillmore East, New York, NY – 9/18/70“Good Lovin’” at Dillon Gym, Princeton, NJ – 4/17/71“Hard To Handle” at Hollywood Paladium, Hollywood, CA – 8/6/71“Mr. Charlie” at Olympia Theatre, Paris, France – 5/3/72“He’s Gone” at Concertgebouw, Amsterdam, Netherlands – 5/10/72last_img read more

India adds record 1,538MW of rooftop solar in 12 months through September

first_imgIndia adds record 1,538MW of rooftop solar in 12 months through September FacebookTwitterLinkedInEmailPrint分享PV Tech:India added a record 1,538MW of rooftop solar capacity in the 12-month period up to September 2018, which is a huge year-on-year rise of 75%, according to consultancy firm Bridge to India’s latest report.The ‘India Solar Rooftop Map’ revealed that cumulative installations reached 3,399MW by the end of September this year, and are projected to reach 15.3GW by March 2022. This is well short of the original 40GW target, but a strong rise from previous, more pessimistic predictions from analysts in recent years.As usual, the commercial and industrial (C&I) sector dominated the year with a 70% share of the market, with residential at just 9%.The top five states account for 54% of the market: Maharashtra – 473MW; Tamil Nadu – 312MW; Karnataka – 272MW; Rajasthan – 270MW; and Uttar Pradesh – 223MW.Bridge to India said the market is very crowded with companies with a frequent churn in leading player rankings. In the OPEX segment, Cleantech, CleanMax and ReNew came out on top with a 45% share between them. Meanwhile, in the Capex segment, the top ten players only have an 18% share between them, led by Tata Power, Mahindra and Sunsure.Vinay Rustagi, managing director of Bridge to India, said: “75% market growth in a year plagued by safeguard duty and GST uncertainty is absolutely fantastic. Ongoing fall in module prices should continue to drive growth in the next few years. Rooftop solar has huge growth potential and should be given more policy support particularly when utility-scale solar is increasingly facing acute land and transmission connectivity challenges. Proactive government intervention can help in boosting growth and realising full potential of this compelling energy source.”More: India adds record 1.5GW of rooftop solar capacity in 12 monthslast_img read more

Peru, US Participate in Combined Maritime Exercise Waves of Solidarity

first_imgBy Julieta Pelcastre/Diálogo December 24, 2018 The Peruvian Navy and the U.S. Navy and Marine Corps displayed their capabilities through the combined, rapid-response, cross-sectional exercise Waves of Solidarity. The two navies, with long-standing coordination, put to the test their response capabilities for disaster and humanitarian assistance in a simulated magnitude 8.5 earthquake and tsunami in Chorrillos Bay, Lima, Peru, November 24, 2018. The objective of the exercise was to increase training and coordinate the work of Peruvian institutions that conduct first response in humanitarian assistance and natural disaster operations. The training created a joint and combined environment to share tactics, techniques, and doctrinal procedures between both countries in case of a natural disaster in the Andean country or in the region. “Collaboration means strengthening mutual trust by learning both navies and marines’ strengths and weaknesses,” Peruvian Navy Vice Admiral James Guido Thornberry Schiantarelli, commander of Pacific Operations, told Diálogo. “Through these exercises, we revise and update procedures and doctrine to give fluency to the tasks and achieve mission success.” Deploying, securing, executing, withdrawing During the operational deployment, an amphibious task force landed in the affected region to perform security, search and rescue, and humanitarian assistance supply operations. The multi-purpose U.S. Navy ship USS Somerset (LPD-25) and the Peruvian Navy’s BAP Pisco led the move. The Peruvian National Institute of Civil Defense led the operations with the participation of special forces, rescue brigades, police, firefighters, and Ministry of Health volunteers. Missile frigates, helicopters, boats, landing craft, and amphibious vehicles of both countries also took part. The exercise consisted of four phases. First, participants deployed to secure the area. Then, humanitarian assistance was carried out in two waves of help. During the first wave, a security force was established due to the emergency, while in the second, participants purified water, and carried out search and rescue, debris removal simulation, and medical evacuations, all while assisting the people affected. The exercise ended with the fourth phase, which consisted of participants’ withdrawal. The beach area that served as a backdrop for the activities was under renovation, with some structures in the process of being demolished, which enabled the setup of an appropriate stage for service members to conduct the mission. Its location within the coastal area of Lima made it possible to gather a large crowd, thus raising awareness about prevention among citizens. “The key point of Waves of Solidarity was the capability to operate as a single, combined, and interinstitutional first-response force. The great challenge was to coordinate all participants, resources, and different languages,” Vice Adm. Thornberry said. Before the exercise, officials carried out planning, coordination, and rehearsal meetings. Every action and function to be assigned individually and collectively was exposed to adapt and integrate participants’ sea, air, and land force capabilities. “It’s important to state that the Peruvian Navy already participated in different multinational exercises. That enabled service members to learn doctrine, tactics, and procedures supporting the operations of a multinational humanitarian task force,” Vice Adm. Thornberry said. “Waves of Solidarity is a step forward to work together and achieve common cooperation goals between both nations.” Command and control capabilities Peru and the United States are familiar with the severe consequences of natural disasters. “Our navies have the experience to provide first response and/or a complementary response with their own resources,” Peruvian Navy Rear Admiral Luis José Polar Figari, commander of the Surface Force, told Diálogo. “We can say that, after the exercise, command and control capabilities are good. They can be improved, but it’s clear that capabilities are adequate.” According to the officer, the experiences of the Peruvian and U.S. navies complement their knowledge and help verify that procedures are common and appropriate for certain situations. “Bilateral and multinational exercises strengthen the actions of the military against their common enemies, such as narcotrafficking. States’ current threats and risks are transnational, and they require multinational responses and special preparation,” he added. “One of Peru’s main strengths to respond to disaster is its caring population, which stands together and is conscious of its geographical reality,” Vice Adm. Thornberry said. Both he and Rear Adm. Polar agree that strengthening cooperation and the capacity to interoperate between national and international institutions through exercises such as Waves of Solidarity are needed.last_img read more

A new concept and creative solution for the CNTB’s appearance at fairs has been selected

first_imgIn May, the Croatian National Tourist Board set out to select a new concept and creative solution for appearances at tourism fairs, and the selection itself was carried out with the help of the Croatian Design Society (HDD), which conducted a public call for competition.Thus, the competition, which was open until July 3, received a total of 9 works, and the Jury, which consisted of four members of the HDD and three members of the CNTB, decided on the three best solutions and instead of ranked selection awarded three equivalent prizes in the amount of HRK 35.000, considering that these were three equivalent solutions that mostly meet the prescribed requirements.A special Commission of the Ministry of Tourism, the Croatian Tourist Board and a member of the Tourist Council, taking into account the functionality, estimated costs of production, previous experience and multifunctionality, made the final decision and the work “Connecting diversity and openness ”, Team + Architecture team (Tihana Taraba, Filip Despot, Christian Rendulić), selected for implementation.Selected work Connecting diversity and openness (No. 07) as a key element of recognizability, he proposes an effective “floating” exhibition of photographs within the maximally purified exhibition space. The potential change of photo types depending on the exhibition priorities (fair themes) enables a relatively simple and effective intervention in the exhibition space, which still requires additional attention when choosing photos. Well-organized space, clearly zoned according to requirements, fits different stand sizes and is easily applicable in different situations stand out from the HDDSource: HDDThe Croatian National Tourist Board, in cooperation with the selected team, will finalize the proposed solution that will be used at fair appearances in the next few years, with the possibility of refining and changing the concept, but retaining the key elements of the stand.”Today, Croatia is one of the world’s most attractive tourist destinations, and in order to maintain the status of a hit tourist destination, we must follow trends and constantly strengthen the visibility of the tourist market. That is why in the promotional segment, Croatia must be presented through an appropriate contemporary visual concept that will be able to attract tourists from around the world. Continuous growth of quality in all segments is an imperative for the growth of tourism competitiveness in the Republic of Croatia, and the investment in the quality of visual identity, ie building the image of our country, certainly has its contribution to that.”, said Minister Cappelli.Source: HDDRetail Solutions / Accessus doo (Roko Bahat, Tin Koprivc, Dora Biočić, Marko Balaša, Karolina Borković, Matej Goreta, Vilim Redza) also entered the shortlist with the work “Synergy of elements of motivation through the senses” and Studio.HR (Bojana Bota, Kora Demel Zadro, Hrvoje Končar) with the work “Croatia in person”. “The awarded works solve the organizational and functional (working) space well, offer consistently elaborated, airy exhibition solutions, and their specific distinctive qualities derive from the way the content is communicated to visitors. What they have in common is good organization of space, systematicity, spatial openness of the stand and communication attractors in the upper zone of the stand. ” stand out from the CNTBSee the full description of the selected concept herelast_img read more