OnTheMarket shares finally exceed original AIM launch share price

first_imgIf you’re an agent who holds OnTheMarket shares then it may be time to celebrate.The company’s share price has finally recovered and today exceeded its original offer price of £1.63p from ten days ago.Trading in OnTheMarket shares peaked at £1.70p late this afternoon, the highest the share price has reached to date.At launch the share price dropped to a low of £1.40p but has since been climbing slowly to today’s high, helped by an upbeat announcement on Friday that included details of its strategy to both target smaller agents and tie-in larger agent groups to long-term deals.“The more agents who join now, the more we believe all agents and property-seekers will benefit in terms of the increased property stock at OnTheMarket.com,” CEO Ian Springett said in Friday’s statement.“We are focused on reaching out to agent firms across the country which can see the disruptive appeal of our proposition of sustainable fair pricing from an agent-backed portal.”ExcitedSpringett is currently refusing all interview requests, but has been busy doing the rounds at agent gatherings, including at agent Jackson-Stops’ annual conference, at which he said he was “excited by progress”.During today’s session on AIM nearly 18,000 share in OnTheMarket were traded, slightly down on Friday’s volumes, although its shares were the only ones to record gains – the vast majority of the property industry’s PLCs saw their shares drop.Ian Springett OnTheMarket onthemarket shares AIM AIM market share price February 19, 2018Nigel 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 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 2021 Home » News » Marketing » OnTheMarket shares finally exceed original AIM launch share price previous nextMarketingOnTheMarket shares finally exceed original AIM launch share priceAfter initially plummeting to £1.40p after its AIM listing, shares in the portal today reached £1.70p.Nigel Lewis19th February 201801,349 Viewslast_img read more

LATEST: Sales income dips by 16% at LSL’s high street brands following closure programme

first_imgHome » News » Agencies & People » LATEST: Sales income dips by 16% at LSL’s high street brands following closure programme previous nextAgencies & PeopleLATEST: Sales income dips by 16% at LSL’s high street brands following closure programmeCompany reveals damage done to its business during 2019 by the closure, merging or transfer of some 120 Your Move and Reeds Rains branches last year.Nigel Lewis28th January 202003,285 Views Agency grouping LSL has revealed the damage its branch closure programme inflicted on revenues during 2019 following its February announcement that 120 Your Move and Reeds Rains branches were to be closed, merged or transferred.The company’s full-year trading update for 2019 reveals that, although it expects profits to be higher year-on-year, overall revenues are down 4% and 16% lower within its estate agency division.But the closures are not the only factor – the slow sales market is also to blame and the company says revenues at its sales division would be down 4% even if it hadn’t closed so many branches.But LSL admits the reductions in revenue are largely down to the branch closure programme, which has seen surplus-to-requirement offices up and down the UK boarded up or transferred to new franchisees.Slow marketThe slow market has also impacted its upmarket London agency, Marsh & Parsons, which has been opening rather than closing branches.Its revenues are down 3% overall including a 5% dip in sales fees and a 2% reduction in lettings.LSL’s financial services has been hit by the closures too as referral leads have declined, but its surveying business is one of the company’s bright spots. Revenues there are up 24% year-on-year after it recently bagged a Lloyds Bank home surveying contract.LSL is relying on 2020 being a better year and an improved sales pipeline at the beginning of this month indicates the market has begun to pick up, it says.The cost of shutting down so many branches has also pushed it further into the red; the group’s net banking debt increased by nearly £10 million last year to £41.9 million, a figure the company’s board says it is ‘comfortable with’. Marsh & Parsons LSL Reeds Rains Your Move January 28, 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 2021last_img read more

No free ride during Coronavirus, landlords remind tenants

first_imgHome » News » COVID-19 news » No free ride during Coronavirus, landlords remind tenants previous nextCOVID-19 newsNo free ride during Coronavirus, landlords remind tenantsRent payments must be maintained where possible say landlords as rent campaigners calls for a payment holiday grow louder.Sheila Manchester8th April 202001,979 Views Landlords are calling for a clear statement from the government in response to campaigners’ calls for rent payments to be stopped during the coronavirus crisis as more and more landlords are contacting the National Residential Landlords Association saying their tenants are under the impression they no longer have to pay rent as a result of the pandemic. The association is now asking government to clarify its guidance; that rents should continue to be paid where possible.Some tenants believe that because lenders have provided the option of a three-month mortgage payment holiday to landlords, they should not pay rent for this period, while groups, including the National Union of Students, are also campaigning for rent breaks for tenants.While the NRLA believes flexibility is necessary, it calls on the Government to better publicise guidance that tenants must still meet legal and contractual obligations where they can – including paying rent – to dispel any myths.Understand the rulesNRLA’s Chief Executive, Ben Beadle (left), said, “The mortgage repayment holiday is only available for landlords struggling to make payments because their tenants are unable to pay part or all of their rent as a direct result of the coronavirus, through no fault of their own.“It is not an automatic payment holiday and landlords who successfully apply still have to make these payments later on. It is not a grant. What it does allow is that where a tenant is having genuine difficulty in meeting their rent payment because of a loss of income, landlords have much greater flexibility to agree a mutually acceptable plan with the tenant to defer the rent due. This is not a green light to tenants everywhere to stop paying their rent.”94 per cent of private landlords let property as individuals, 39 per cent report a gross non-rental income of less than £20,000, many depend on the extra rental income, many would be unable to continue letting property, leading to a housing supply crisis when the epidemic eases, particularly for students returning to university.Tenants may make use of assistance provided by the Government to replace lost income if need be including through the Job Retention Scheme, increased housing support through the benefit system and maintenance loans which continue to be paid to students.The NRLA calls on landlords to show as much flexibility with tenants as they are able to within their means and has been heartened by the many stories showing tenants and landlords pulling together including landlords offering properties rent-free for NHS workers where they afford to do so.NRLA tenants rent Ben BEadle April 8, 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 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

Chancellor widens SME emergency loans scheme and relaxes criteria

first_imgHome » COVID-19 support » Chancellor widens SME emergency loans scheme and relaxes criteria previous nextCOVID-19 newsChancellor widens SME emergency loans scheme and relaxes criteriaFollowing criticism of the initial CBILS scheme, it now includes all SMEs and directors no longer have to give guarantees for loans under £250k.Nigel Lewis3rd April 202002,554 Views The Chancellor Rishi Sunak has this morning beefed up the government’s support measures for smaller businesses after severe criticism of his previous announcement last week revealing its Coronavirus Business Interruption Loans Scheme or CBILS.It provides loans of up to £5 million repayable over six years for SMEs that are losing revenue and seeing their cashflow disrupted as a result of the Coronavirus outbreak.Operated through 40 accredited lenders, CBILS was initially offered to those who could not access regular commercial business loans, and many banks were requesting personal guarantees from directors and charging high interest rates.Instead, property industry firms will be relieved to hear, CBILS lending is now available to all SMEs and directors requesting loans under £250,000 will only have to make personal guarantees for 20% of the money borrowed.HM Treasury has also urged lenders to charge ‘reasonable’ interest rates when making credit decisions.Also, HM Treasury had already prevented lenders from insisting that company owners put up their homes to guarantee loans, and it will continue to cover the first twelve months of interest and fees.The changes to CBILS will go live on Monday, 6th April.“We’re pleased that the Chancellor is listening and responding to the real-world concerns posed by firms across the UK who are urgently trying to access financial support,” says Adam Marshall, Director-General, British Chambers of Commerce.Mike Cherry, Chair of the Federation of Small Businesses, says: “Taking on debt at the current time is a daunting prospect for many small businesses and the self-employed.“We look forward to continuing our constructive engagement with government to ensure that debt can be repaid in an affordable way that allows small businesses to recover from this crisis and to thrive again.”Read more about Coronavirus. CBILS FSB Chambers of Commerce coronavirus Rishi Sunak Chancellor of the Exchequer April 3, 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 2021last_img read more

Russia: Project 955 Borei Nuclear-Powered Ballistic Missile Submarine Hits Water for First Time

first_img View post tag: 955 Industry news Russia: Project 955 Borei Nuclear-Powered Ballistic Missile Submarine Hits Water for First Time October 25, 2011 View post tag: Missile View post tag: first View post tag: Nuclear-Powered View post tag: hits View post tag: Navy View post tag: water Share this article View post tag: Borei View post tag: Naval View post tag: submarine Back to overview,Home naval-today Russia: Project 955 Borei Nuclear-Powered Ballistic Missile Submarine Hits Water for First Time View post tag: project Project 955 Borei nuclear-powered ballistic missile submarine (SSBN) Alexander Nevsky on Oct 22 took the sea for the first time in order to start shipyard’s trials, reported press service of Severodvinsk municipal administration on Oct 24.SSBN Alexander Nevsky is the first serial submarine of Project 955 Borei; the lead sub of the project is SSBN Yury Dolgoruky which is presently engaged in tests of newest ballistic missile Bulava. Till the year is over, it is planned to start the missile tests on Alexander Nevsky.“The submarine left the basin of JSC Sevmash shipyard in the morning of Oct 22. On board the sub are trial team led by Alexander Reznikov and the crew headed by Capt 1 rank Vasily Tankovid“, says the report.As was previously reported by Russian media sources, all onboard systems will be tested during the first trials phase including life support system and performance characteristics.At present, construction of the third (second serial) submarine of the “grand duke” project named SSBN Vladimir Monomakh is going on at JSC Sevmash shipyard (Severodvinsk, Russia).SSBN Alexander Nevsky is the fourth-generation nuclear submarine. She was laid down in 2004 and is supposed to join Russian Navy in Dec 2011. The submarine passed mooring trials in 2010. It is planned that SSBN Alexander Nevsky would be stationed at Pacific Fleet.[mappress]Source: rusnavy, October 25, 2011; View post tag: For View post tag: News by topic View post tag: time View post tag: Ballisticlast_img read more

VIDEO: Royal Navy’s Wildcat Takes to the Sky for the First Time (UK)

first_img January 29, 2013 The first Wildcat attack helicopter to be delivered to the Royal Navy has successfully taken its first flight at Yeovil in Somerset.The Wildcat has a more powerful engine, allowing it to be flown in extreme conditions all year round. It is also equipped with a more robust fuselage, a high-tech interactive display and a new radar system that provides 360-degree surveillance.The Wildcat HMA Mark 2 will carry Sting Ray torpedoes, a door-mounted, 0.5-inch heavy machine gun and new light and heavy variants of the future anti-surface guided weapon missiles.Expected to perform a range of tasks once in service, the maritime Wildcat attack helicopter will be used in anti-surface warfare, force protection and counter-piracy. It will also be able to carry out an anti-submarine role.Chief of the Naval Staff, Admiral Sir Mark Stanhope, said: As a ship-borne helicopter, Wildcat will provide commanders with a flexible attack capability which can be deployed to tackle a range of threats at sea and from the sea.With state-of-the-art sensors, equipment and weapons, it will be an outstanding asset that will maintain Royal Naval units at the cutting-edge of worldwide maritime operations.Minister for Defence Equipment, Support and Technology, Philip Dunne, said:The new maritime Wildcat attack helicopter is an excellent addition to the Royal Navy’s arsenal, providing it with greater firepower and a range of technological enhancements.The support and training contract with AgustaWestland is also good news for the local economy in Somerset, securing 500 highly skilled jobs in the defence sector.The MOD signed a £250 million contract with AgustaWestland last year to provide support and training for the Royal Navy and British Army’s 62-strong fleet of Wildcat helicopters.The Royal Navy will receive 28 maritime attack variant helicopters, which will begin operations across the globe from 2015 and replace the existing Lynx Mark 8.The following is a video showing AW159 Lynx Wildcat in action during sea trials in July 2012.The AgustaWestland AW159 Wildcat (previously called the Future Lynx and Lynx Wildcat) is an improved version of the Westland Super Lynx military helicopter. The AW159 will serve in the battlefield utility, search and rescue and anti-surface warfare roles.[mappress]Naval Today Staff, January 29, 2013; Image: UK MoD View post tag: Wildcat View post tag: Naval VIDEO: Royal Navy’s Wildcat Takes to the Sky for the First Time (UK) View post tag: first View post tag: takes View post tag: News by topic View post tag: Royal Share this article View post tag: Sky View post tag: Navy View post tag: time Industry news Back to overview,Home naval-today VIDEO: Royal Navy’s Wildcat Takes to the Sky for the First Time (UK) last_img read more

India, Japan and US Engage in Malabar 2014

first_img View post tag: americas View post tag: Defence Share this article View post tag: Exercise View post tag: India View post tag: Malabar View post tag: 2014 India, Japan and US Engage in Malabar 2014 View post tag: Engage Authorities View post tag: asiacenter_img View post tag: News by topic July 24, 2014 View post tag: Japan Naval forces from India, Japan and the United States will participate in exercise Malabar 2014, July 24 – 30. The exercise will feature both ashore and at-sea training. While ashore in Sasebo, Japan, training will include subject matter expert and professional exchanges on carrier strike group operations; maritime patrol and reconnaissance operations; anti-piracy operations; and visit, board, search and seizure (VBSS) operations.The at-sea portions will be conducted in the waters south of Japan. They are designed to advance participating nations mil-to-mil coordination and capacity to plan and execute tactical operations in a multi-national environment.Events planned during the at-sea portions include liaison officer professional exchanges and embarks; communications exercises; search and rescue exercises; helicopter evolutions; underway replenishments; gunnery exercises; VBSS; and anti-submarine warfare exercises.Three Indian Navy vessels, INS Ranvijay, INS Shivalik and INS Shakti, have entered Port Sasebo, Japan on 23 July 2014 for the exercise.Two destroyers along with a P3C Orion and a sea-plane (US-2) are participating from the Japanese Navy. From the US Navy one submarine (SSN), two destroyers, one tanker along with one MR aircraft would be participating. One US Carrier Strike group (CSG) is likely to join for the sea phase of the exercise.Malabar is a yearly exercise between the Indian and U.S. navy and has been going on since 1992 and has featured the Japanese Navy on three separate occasions. Malabar 2014 is the latest in a continuing series of exercises conducted to advance multinational maritime relationships and mutual security issues.[mappress]Press Release, July 24, 2014; Image: Wikimedia View post tag: Naval View post tag: Navy View post tag: US Back to overview,Home naval-today India, Japan and US Engage in Malabar 2014 last_img read more

New F-35B Lightning II Undergoes Extreme Temperature Tests

first_img New F-35B Lightning II Undergoes Extreme Temperature Tests Equipment & technology Back to overview,Home naval-today New F-35B Lightning II Undergoes Extreme Temperature Tests February 3, 2015 View post tag: Naval View post tag: americas View post tag: Royal Navy View post tag: F-35B View post tag: News by topic View post tag: Undergoescenter_img View post tag: Temperature View post tag: Lightning II Share this article The new F-35B Lightning II joint striker fighter destined for the Royal Navy’s HMS Queen Elizabeth and HMS Prince of Wales aircraft carriers was subjected to temperatures ranging from 120˚F to -40˚F in a climatic laboratory at Eglin Air Force Base in Florida.As well as ice, the fight-generation stealth aircraft was tested in wind, solar radiation, fog, humidity, rain, freezing rain, icing cloud and snow.F-35 test pilot Billie Flynn, who performed extreme cold testing on the aircraft, said:While we are testing in the world’s largest climatic testing chamber, we’re pushing the F-35 to its environmental limits.To this point, the aircraft’s performance is meeting expectations. It has flown in more than 100 degree heat while also flying in bitter sub-zero temperatures.In its final days of testing, it will fly through ice and other conditions such as driving rain with hurricane force winds.With 13 countries currently involved with the program, the F-35 must be tested in meteorological conditions representative of those locations from which it will operate, ranging from the heat of the Outback of Australia to the bitter cold of the Arctic Circle above Canada and Norway.[mappress mapid=”15027″]Image: Royal Navy View post tag: Tests View post tag: Extreme View post tag: Navy View post tag: Newlast_img read more

Pediatric Plastic Surgeon

first_imgThe Johns Hopkins All Children’s Hospital Division of PediatricPlastic Surgery in St. Petersburg, Florida seeks a BC/BE plasticsurgeon with fellowship training in pediatric plastic surgery whowill be a full-time faculty member in the Department of Plastic andReconstructive Surgery, Johns Hopkins University School ofMedicine. The professional opportunity would involve participationin multidisciplinary clinics, resident education, and research aswell as building a community practice in pediatric plastic surgeryin the metropolitan Tampa Bay region.Johns Hopkins All Children’s Hospital is a 259-bed teachinghospital, ranked as a U.S. News & World Report BestChildren’s Hospital. We serve as the craniofacial/pediatric plasticsurgery rotation site for the University of South Florida plasticsurgery residency. We offer a competitive salary and benefitspackage including medical malpractice insurance (tail insurance),relocation assistance, paid vacation, paid time and expenses forCME, 403(B) retirement plan, pension plan, short and long-termdisability coverage and life insurance and health benefits.Interested individuals must be dedicated to academic plasticsurgery and expanding the scope of pediatric plastic surgeryavailable on the west coast of Florida. You will work within adynamic academic environment located in an expanding clinicalcampus in St. Petersburg within Johns Hopkins Medicine. There aremany opportunities and support to develop clinical, educational,and research interests. Applicants with interest in facialreanimation, peripheral nerve, pediatric microsurgery, migrainesurgery, hand surgery, transgender medicine, vascular anomalies,adolescent breast surgery, microtia, and other disciplines areencouraged to apply. Opportunities are available to care for adultpatients for transitional care and cosmetic surgery in addition toour pediatric practice.To confidentially learn more details, please contact:Sarah StephensAdministrative ManagerJohns Hopkins All Children’s [email protected] Johns Hopkins University is committed to equal opportunity forits faculty, staff, and students. To that end, the university doesnot discriminate on the basis of sex, gender, marital status,pregnancy, race, color, ethnicity, national origin, age,disability, religion, sexual orientation, gender identity orexpression, veteran status or other legally protectedcharacteristic. The university is committed to providing qualifiedindividuals access to all academic and employment programs,benefits and activities on the basis of demonstrated ability,performance and merit without regard to personal factors that areirrelevant to the program involved.The successful candidate(s) for this position will be subject to apre-employment background check.If you are interested in applying for employment with The JohnsHopkins University and require special assistance or accommodationduring any part of the pre-employment process, please contact theHR Business Services Office at [email protected] For TTYusers, call via Maryland Relay or dial 711.The following additional provisions may apply depending on whichcampus you will work. Your recruiter will adviseaccordingly.During the Influenza (“the flu”) season, as a condition ofemployment, The Johns Hopkins Institutions require all employeeswho provide ongoing services to patients or work in patient care orclinical care areas to have an annual influenza vaccination orpossess an approved medical or religious exception. Failure to meetthis requirement may result in termination of employment.The pre-employment physical for positions in clinical areas,laboratories, working with research subjects, or involvingcommunity contact requires documentation of immune status againstRubella (German measles), Rubeola (Measles), Mumps, Varicella(chickenpox), Hepatitis B and documentation of having received theTdap (Tetanus, diphtheria, pertussis) vaccination. This may includedocumentation of having two (2) MMR vaccines; two (2) Varicellavaccines; or antibody status to these diseases from laboratorytesting. Blood tests for immunities to these diseases areordinarily included in the pre-employment physical exam except forthose employees who provide results of blood tests or immunizationdocumentation from their own health care providers. Anyvaccinations required for these diseases will be given at no costin our Occupational Health office.Equal Opportunity EmployerNote: Job Postings are updated daily and remain online untilfilled.EEO is the LawLearn more:https://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdfImportant legal informationhttp://hrnt.jhu.edu/legal.cfmlast_img read more