EasyProperty could close as investment fund launches takeover bid for parent company

first_imgA City investment fund with interests in several online estate agents has launched a takeover bid for the parent company of easyProperty, which could face closure under the terms of the offer.The 600 shareholders in eProp, which also owns The Guild of Property Professionals and Fine & Country, are being offered 50p a share by Toscafund.Late last week the fund bought 1.9 million shares off former eProp boss Robert Ellice which, together with its existing shareholding, gives it a 40% slice of the company. Under City regulations, after passing the 40% threshold, a mandatory offer has now been launched to all the company’s shareholders.The offer substantially under-values eProp at £17.85 million but its independent directors have unanimously recommended the offer to shareholders as “fair and reasonable”.Two shareholders and directors of the company Jon Cooke (below, right) and Marcus Whewell (left) are resisting the attempted buyout, claiming they still believe in its long-term potential.But because they only hold 7.25% of the company’s shares, they are likely to be outvoted by other shareholders who, Toscafund claims, are keen to grab the opportunity to cash-in their shares.Toscafund, which also owns shares in HouseSimple and Purplebricks, says it believes internal shareholder disagreements over the direction for eProp are “detrimental to eProp shareholders as a whole”.“Toscafund is supportive of the current executive management of eProp and believes that the Offer provides eProp Shareholders with the opportunity to realise value from their eProp Shares whilst simplifying the shareholder base and providing a more supportive foundation on which to implement a strategy that can deliver value for ongoing stakeholders.”This includes either trying to find someone to back or even buy easyProperty from eProp, something its board has been attempting to do for some time, or its closure.In a blog published over the weekend, online agent watcher and Rummage4 CEO Anthony Codling (left) has criticised the deal, saying: “The Guild of Property Professionals and Fine & country are two of the UK’s standard bearers for independent high street estate agents.“How will their members feel if their standard bearers become owned by a company that appears single minded in its desire to invest in passive intermediaries [i.e. online estate agents], to invest away from the high street rather than into it?“I am sure that I won’t be alone in suggesting that at first glance it is not entirely clear how this story will end well.”Read more about EasyProperty. Marcus Whewell HouseSimple Purplebricks Robert Ellice Toscafund easyProperty eprop June 3, 2019Nigel 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 » Agencies & People » EasyProperty could close as investment fund launches takeover bid for parent company previous nextAgencies & PeopleEasyProperty could close as investment fund launches takeover bid for parent companyToscafund is to offer shareholders in eProp 50p a share but says something must be done about ailing online-only part of business including possible closure or sell-off.Nigel Lewis3rd June 201901,734 Viewslast_img read more

Local OfficeMax Slated To Permanently Close By Mid-May

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) LAKEWOOD – OfficeMax located in the Chautauqua Mall has announced it will soon be closing it’s doors. Signs outside the building went up early last week stating the store will be closing. The store will be selling off its product, and will close by mid-May.Last year the company announced that it would be closing up to 90 Office Depot and OfficeMax stores as a result of a drop in sales revenue.This follows a growing list of other stores that have closed in recent years in the mall, including Bon-Ton, Sears, Payless Shoe Store, Hot Topic, and Aunti Annes. The company says they will continue to serve its local customers online.last_img read more

Poll: Teachers In NYS Are Split About Returning To The Classroom

first_imgeflon / Flickr / Piqsels / CC BY 2.0ALBANY – When it comes to returning to the classroom, teachers in New York are split down the middle.New York State United Teachers came out with a new poll on Thursday showing a major division among the state’s educators.The survey says 50 percent are unwilling or reluctant to go back to in-person instruction in the fall.Seven percent say they are not willing to go back. Meanwhile, 50 percent say they were either willing or eager to return to teaching students in-person.Twenty percent say they’re eager to go back.Full polling results are posted below:Failed to fetch Error: URL to the PDF file must be on exactly the same domain as the current web page. Click here for more info Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Local food systems

first_imgThe University of Georgia hopes to bring gardening, fresh produce and nutritious food a little closer to the people who need it by first educating its students.Starting in the fall 2011, a certificate program in local food systems will give UGA undergraduates the opportunity to learn about the policies, production issues and cultural implications involved in producing food at the community level.“With the slow-food movement, farm-to-school program and documentaries, there’s been a connection made between food, health and community,” said David Berle, a horticulture professor with the UGA College of Agricultural and Environmental Sciences, who’s heading up the program. “There’s a recognition that people in need don’t often get the advantages of fresh food. They’re limited by their budgets as to what they have access to.”The certificate program is being started by a three-year, $140,000 Higher Education grant from the U.S. Department of Agriculture. Its purpose is to train students for careers that support healthy food choices and lifestyles and counter the rise of obesity and diet-related chronic diseases.Berle sees these goals being met through building both urban and rural local food systems, educating people on how to make healthy food choices and teaching them to grow some of their own food, which can help them reduce their household food budgets.Out of the box“There aren’t many big colleges that offer programs in local food production, and with this program, we’re crossing beyond the traditional agricultural boundaries,” Berle said. “There are a lot of people with sustainable or organic programs but very few with a multidisciplinary approach. In a sense, it brings recognition to the college of ag, but it also demonstrates that to solve these programs, it’s going to take everyone working together,” he said.CAES faculty in horticulture, plant pathology, crop and soil science and engineering are teaming up with UGA faculty in geography, family and consumer science, anthropology, ecology, environment and design, English and history to give students a big-picture look at food systems and how they fit into society.Being multidisciplinary, the program allows students to take classes they usually wouldn’t be allowed to register for. That means an English student could take a horticulture class, or an engineering student could take an ecology course.“It’s really a chance for students to get outside of their normal box,” Berle said.Community involvementOne of the program’s core components is community involvement.“We have the opportunity to marry student-learning projects with a community service need,” said UGA horticulture department head Doug Bailey. “There are a lot of folks who need food.”Students will work with community gardens in Athens either as part of a class or as an internship. “They would work with some community group on some specific problem and bring their talent and knowledge from different disciplines together,” Berle said.The grant provides money for internships. “Really, this all fits in with the college’s deans’ promise of doing more service work and study abroad,” he said. “The money would pay students to work for organizations that otherwise couldn’t afford an intern.”Back to basicsUGA students started an on-campus garden in 2010. The UGArden plot is maintained by about 20 volunteers a week, and 200 students subscribe to its e-mail listserv. Many of these students are not in the College of Agricultural and Environmental Sciences.Berle incorporated the garden into the grant. “We were trying to capture some of that student energy in the grant,” he said. “These students want to learn how to garden; they’re interested in organic foods.“A lot of students have been just piecing their own programs together. We’re now trying to provide a pathway for them to follow,” he said.One of the program’s goals is to give students the tools to later teach communities how to start their own gardens. The UGArden plot does this. The other hope is that communities will invest in canning facilities – or at least classes to teach their residents how to preserve food.Bailey sees the program as a way to teach students basic life skills.“Anybody can benefit from these classes,” he said. “In my opinion, everybody should have to take basic classes like HORT 2000, because even if you’re not a horticulture major, you’re probably going to have a yard or garden to take care of someday.”For more information on the certificate in local food systems, call 706-542-0771, e-mail [email protected] or visit ugalocalfoodsystems.uga.edu.last_img read more

School Bash

first_imgThe Georgia 4-H Health Rocks Back-to-School Bash with Radio Disney will be held at the Mall of Georgia Saturday, July 30 from 1 p.m. to 3 p.m. The “head back to school healthy” bash will be held in the Nordstrom wing. The event will feature games, contests and prizes as well as information and hands-on activities aimed at making healthy choices, said Richie Knight, program specialist with Georgia 4-H. “Georgia 4-H and Health Rocks! are thrilled to have formed such a great partnership with Radio Disney,” Knight said. “This will be our second annual Back-to-School Bash and hope to see a huge crowds from 4-H groups and shoppers.”Health Rocks! is a healthy living program based on good decision making and health knowledge. Teens and adults lead the program, which is designed to help youth learn key health messages as well as how to manage stress and peer pressure, communicate effectively and analyze media messages. “Health Rocks! works year-round to provide Georgia’s youth with the proper skills to make healthy decisions in all aspects of their lives,” Knight said. After the main bash, Yogi Bear (PG) will be shown on an outdoor screen in the Village. Activities and concessions will begin at 5:30 p.m. For more information on Health Rocks! contact Knight at 706-542-4H4H, [email protected] or georgia4h.org/healthrocks.last_img read more

How to make your money last when you don’t have a lot of extra cash

first_img 57SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Wendy Moody Wendy Moody is a Senior Editor with CUInsight.com. Wendy works with the editorial team to help edit the content including current news, press releases, jobs and events. She keeps … Web: www.cuinsight.com Details When you’re working hard and not bringing a lot home, it may seem as though you’ll never make ends meet. But, fear not! Below are three ways to stretch your hard-earned cash when money woes have got you down.Set realistic goalsAre you working to save money up or trying hard to stick to a budget? Whatever your financial goal may be, don’t aspire to achieve something that just isn’t attainable. Doing so will only make you more depressed about your lack of dough. Instead, sit down and plan exactly how far your money will take you. Even if it means saving a very small amount or waiting longer to take a vacation, you’ll be glad you’re being realistic and smart about your money matters.Be careful with credit cardsIt sure can be tempting to open credit cards to help pay for things when you don’t have cash readily available. But constant charging can really get you into financial trouble, and quickly. Instead of building bad debt, look for other ways to earn extra cash. Sell clothing or goods you no longer use or check out any one of these interesting ways to make money on the side.Abide by your budgetWhen money is tight, busting the budget you’ve set for yourself is a big deal. Unlike those who make more and have some financial wiggle room, you’ll have to work extra hard to abide by your budget. One great option to consider is the 50/30/20 rule, which allocates half of your income to necessities; 30% to the “extras” or “wants” (such as entertainment or dining out); and 20% to those not-so-fun (but important) items like retirement, emergency funds, or savings. Although this is a good option, it’s important that you’re flexible with your budget to ensure that you formulate a plan that’s right for your situation.last_img read more

Letters to the Editor for Thursday, Aug. 15

first_imgCategories: Letters to the Editor, OpinionState taking right steps on marijuanaNew York lawmakers and Gov. Andrew Cuomo are being faulted for failing on marijuana reform.I believe they did it right. They did what they should. They didn’t do what they shouldn’t.Possession of small amounts is decriminalized, with provisions to erase past arrests and convictions. This is a triumph for fairness.For decades, the poor and minorities have been arrested. Being unable to afford bail, they have been incarcerated and dehumanized while awaiting a day in court, and then are at the mercy of overworked public defenders, prosecutors and judges, all of whom are on the public payroll.Reputations and employment opportunities have been damaged. Families and communities suffer.Meanwhile, privileged youth and adults have been free to partake with impunity. It has been a cruel mockery of the democratic ideal of equal justice under the law.What New York lawmakers did not do was legalize marijuana. Legalization is another word for commercialization.The privileged are hypocritically investing to profit from behavior that they had supported as criminal conduct when it mostly targeted the most vulnerable and minorities.A new bureau would be needed to regulate a new industry. The state would become the pushers of arguably bad behavior with the uncertain prospects of lowering taxes.The Legislature should now identify the savings by decriminalization. The reduced police, court and incarceration costs should be redirected to improve public education.Frank WicksSchenectadyCuomo puts pets above human beingsWell, Prince Andrew (our Prince Andrew not England’s) has done it again, making news by passing a law to make it illegal to declaw cats. Even better, we are the first state in the Union to do so; again we are watching history in the making.I’m sure all the cat lovers (I’m definitely one) will appreciate the significance of this to all our feline friends.The problem that confronts me is that we care so much about our pets, cats, dogs, etc., but care so little for human life. If an unborn baby was reclassified as a pet, I’m sure there would be a huge outcry to overturn Gov. Cuomo’s previous worst law, that of late-term abortion.It’s surprising how we can have so much empathy for pets and not for humans. Are we not a little bit more vital than an animal? Guess not.That’s why life is so cheap in the inner city and murder is so rampant — human life is worth nothing.Lastly, there may be a ploy here that the prince wants to explore. With these two great laws that liberals must love, it might elevate him to a position of being in contention for those running for King of the Hill and knock some of the other people down a peg.We could only hope not. However there are enough village idiots throughout this great country on both sides to go around. Hopefully one doesn’t get picked.Bob NicolellaScotiaMore from The Daily Gazette:Gov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Beware of voter intimidationlast_img read more

Stock Exchange’s Paternoster move

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Trump asks supporters not to sue if they catch COVID-19 at his rally

first_imgTopics : In Florida, Arizona and North Carolina, the number of infections has even started to rise again. Trump supporters must sign a waiver on his campaign website to register for the first of the rallies, in Tulsa, Oklahoma, on June 19.”By clicking register below, you are acknowledging that an inherent risk of exposure to COVID-19 exists in any public place where people are present,” the waiver states.”By attending the Rally, you and any guests voluntarily assume all risks related to exposure to COVID-19 and agree not to hold” the Trump campaign, or any of its affiliates, contractors or employees responsible, it continues. Donald Trump supporters who attend the US president’s upcoming election rally must sign a waiver promising not to sue if they catch COVID-19 at the event, according to his campaign website.The Republican billionaire announced on Wednesday that he would resume his campaign rallies in four states — Oklahoma, Florida, Arizona and North Carolina — despite the coronavirus pandemic that continues to rage in the US. More than 113,000 people have died in the country of COVID-19, the disease caused by the new coronavirus, while more than two million cases have been recorded. center_img The page makes no mention of other measures to control spread of the virus, such as wearing masks. The Tulsa rally has already ignited controversy as America grapples with weeks of unrest and protests against racism and police brutality following the killing of an African-American man, George Floyd, while in police custody in Minneapolis on May 25.Tulsa was the site of a racist massacre in 1921 when a mob of whites killed hundreds of African Americans in a thriving black neighborhood in the city, while June 19 — “Juneteenth” — marks “Freedom Day” celebrating the abolition of slavery in Texas on June 19, 1865.California senator Kamala Harris, whose name is among those being touted as a possible running mate for Democratic presidential candidate Joe Biden in November, slammed the rally as a “welcome home party” for white supremacists.The White House responded Thursday, saying Juneteenth was a “meaningful day” for Trump and that he wanted to use the occasion to share the progress made for black Americans. Biden has not yet announced a resumption of campaign rallies. last_img read more

Jakarta again shuts down Car Free Day due to ‘undisciplined’ crowds

first_imgThe CFD on June 21 was the first since it was suspended on March 15, nearly a month before the capital implemented the large-scale restrictions (PSBB) on April 10.Responding to lax discipline among participants in maintaining physical distance on Sunday, Prasetio Edi of the Jakarta Legislative Council (DPRD) urged the administration to consider suspending the event to minimize the risk of coronavirus infection.“The CFD a couple of days ago must be reevaluated because Jakarta residents still lack discipline [in following the health protocols],” Prasetio said on Tuesday.Jakarta Governor Anies Baswedan announced on June 14 that the CFD would be revived the following Sunday “for exercise only”, and that street vendors would be banned from the event during the transition from the PSBB to the “new normal” phase.By Tuesday, Jakarta had recorded 10,123 confirmed cases of COVID-19 and 619 deaths linked to the disease. (rfa)Topics : The Jakarta administration has once again suspended Car Free Day (CFD) amid concerns over public health and safety following reports of large crowds turning up to the weekly event’s reopening on Sunday, despite the physical distancing still in force.Jakarta Transportation Agency head Syafrin Liputo confirmed that the administration had reimposed suspension on the event.“Correct, [the CFD] on Sudirman and Thamrin is suspended,” Syafrin told kompas.com on Wednesday, referring to the major thoroughfares in Central Jakarta where the event takes place on Sundays. Separately, Jakarta Public Order Agency (Satpol PP) head Arifin said that the administration planned to use public spaces like parks to accommodate Jakartans accustomed to exercising outdoors during the CFD.“For the time being, the CFD on Sudirman and Thamrin is suspended. But there may be alternative spaces […] so people can [exercise] outside of Sudirman and Thamrin,” said Arifin. “We will look for public spaces in the city that can [host] physical activities.”He said that moving the CFD elsewhere would minimize the number of people that could gather in one place at a particular time.Photographs and videos showed thousands of Jakartans flooding Central Jakarta on Sunday, walking, jogging or cycling down the two streets. The mass outdoor activity during the COVID-19 health emergency raised public health concerns, particularly in the epicenter of the Indonesian outbreak.last_img read more