Foxtons CEO cashes in shares worth £800,000

first_imgThe CEO of Foxtons Nic Budden has cashed in shares in the company worth £800,000 despite the firm last week reporting its worst results for five years.Budden sold a million shares in Foxtons Group PLC for 80p a share, it has been revealed.The decision to liquidate some of his holdings in the company follows details of his salary and bonus in the its most recent annual results. In 2017 his remuneration package totalled £914,000 including a bonus of £218,000.Foxtons Group last week revealed that its profits before tax in 2017 had dropped by 65% year-on-year while revenues dropped by 11.4% and earnings per share by 67%. Also, its operating margin tanked from 35% in 2013 to 12.8% last year.Poor performanceIn comments published by Foxtons, Budden (pictured, right) this week blamed the company’s poor performance squarely on exterior forces.He said Foxtons had “delivered a performance in line with market expectations”.“However, sales activity in the London property market is near historic lows and this had a significant impact on our overall performance in 2017.”Budden and the rest of the senior management team at the company would appear to have dodged shareholder criticism, helped by a resilient lettings operation and an aggressive cost-cutting programme.“The London property market has attractive long-term characteristics and our brand strength, coverage and approach, position us well to manage through the current market uncertainties and take advantage of any future market recovery,” says Budden.Gender reportFoxtons has also published its Gender Pay Gap Report, revealing a 16% difference between men and women’s mean pay which the company says is down to male employees having worked at the company on average 37% longer than their female counterparts. 46% of employees at Foxtons are women, and 70% of staff work in sales or sales support roles. One out of seven Directors at Foxtons are female, the report reveals.nic Budden results Foxtons Foxtons Group April 13, 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 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 » Foxtons CEO cashes in shares worth £800,000 previous nextAgencies & PeopleFoxtons CEO cashes in shares worth £800,000Payday for Nic Budden comes despite tanking profits at the company which he has blamed on ‘historically low’ sales transaction levels in London.Nigel Lewis13th April 201802,628 Viewslast_img read more

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U.S. solar outlook surges despite tariffs

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:Projections for utility-scale solar growth from 2020 to 2022 now exceed forecasts drafted before the Trump administration’s announcement of Section 201 tariffs, according to new analysis from energy research and consulting company Wood Mackenzie Power & Renewables.Many external factors, like global oversupply, a spike in corporate procurements and the passage of California’s SB100 law mandating 100 percent clean energy, have helped shift the market since the January 2018 tariff announcement. Analysts say the overall health of the industry has blunted the industry’s worst-fear impacts, even if the dynamics of the market look different than they did then.“It’s absolutely not apples-to-apples, but to me that’s a really important message,” said Colin Smith, a senior solar analyst at Wood Mackenzie Power & Renewables who covers the utility-scale market. “Not only has the market recovered and done really well despite the tariffs, it’s actually to the point where we expect more solar — at least on the utility-scale solar side — than we did in the pre-tariff conditions.”Smith said WoodMac’s Q1 2019 utility-scale forecast for 2020 is 8 percent higher than its Q4 2017 forecast, released before the administration finalized tariffs. It’s 2021 forecast is 19 percent higher than the pre-tariff projection.Notwithstanding the jumble of tariffs impacting solar systems — on modules, inverters and aluminum and steel — prices have also hit historic lows: $0.93 per watt DC for utility fixed-tilt systems and $1.04 per watt DC for utility single-axis tracking systems.With a robust utility-scale pipeline over 23 gigawatts and expected growth in coming years, analysts say the industry has proved resilient to the tariff-tied uncertainty that once gripped it. Analysts also pointed to an “unprecedented” 13.2 gigawatts of utility-scale power purchase agreements signed last year as another indication of a bounce-back.More: Utility-scale solar projections now exceed pre-tariff forecasts U.S. solar outlook surges despite tariffslast_img read more

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Teen smashes Michael Phelps’ long-standing 200m butterfly record

first_imgChad le Clos, who eventually finished third behind Daiya Seto and Milak, touched first through 50m and 100m, but the Hungarian stormed back to take the gold and break Phelps’ decade-old record.”It’s a tremendous honor to beat such a great men’s world record,” Milak said after the event (via the Olympic Channel).”When I turned back and I saw the time, 1:50.73? All the pressure and tension just went off my back and all the joy came out.” Kristof Milak shattered Michael Phelps’ long-standing world record in the 200-meters butterfly was broken Wednesday by Hungarian teen Kristof Milak at the World Aquatics Championships in Gwangju, South Korea.Milak, 19, won the event final in 1:50.73, breaking Phelps’ record of 1:51.51 set in 2009. Phelps, who holds the record for the most Olympic gold medals with 23, had held the world-leading time in the event for 18 years in total, having become the youngest male to break a swimming world record at the age of 15 in March 2001.last_img read more

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Scudamore will accept £5m bonus from Premier League, sparking fury

first_img Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ no dice Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury The money will be paid over three years and will depend on the 59-year-old agreeing to a “comprehensive set of non-compete clauses” in terms of the roles he takes on in the future.It will also demand his availability as an adviser to his successor Susanna Dinnage. MONEY Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade Richard Scudamore WILL accept his proposed £5m send off from the Premier League – sparking widespread criticism from supporters groups.The Premier League on Thursday agreed to pay their departing executive chairman the leaving gift in recognition of his “outstanding work” over the past two decades. Most Popular Football News Top nine Premier League free transfers of the decade Tottenham chairman Daniel Levy and West Ham co-owner David Gold were among those to speak publicly in support of the deal, which has been met less than favourably by fans’ groups.Spirit of Shankly, a Liverpool supporters’ group, said on its website: “The pay-off to Richard Scudamore is shameful.“However the Premier League and clubs try to dress up today’s decision, most supporters will look at it and think only one thing – greed.“The initial suggestion that clubs would each put in a quarter of a million pounds was rightly met with derision and anger. Whilst supporters have tribal loyalties, this issue united all in condemnation.“Those involved in today’s decision should spend some time on their journey home quietly reflecting on the damage done. They should hang their heads in shame.” Richard Scudamore has been an influential figure in overseeing the English top-flight’s expansion during his 20 years in charge Susanna Dinnage is joining the Premier League in 2019 REVEALED Every time Ally McCoist lost it on air in 2019, including funny XI reactions Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move huge blow center_img shining Son ban confirmed as Tottenham fail with appeal to overturn red card Which teams do the best on Boxing Day in the Premier League era? REVEALED RANKED 2 2 BEST OF ADVICE REPLY Where Ancelotti ranks with every Premier League boss for trophies won Premier League Team of the Season so far, including Liverpool and Leicester stars The Football Supporters’ Federation voiced its objection to each of the league’s 20 clubs contributing £250,000 to Scudamore’s ‘golden goodbye’ on Thursday, prior to the Premier League’s announcement, urging clubs not to back the “hugely unpopular” deal.In a statement, the Premier League said the pay-off deal was decided upon by its audit and remuneration committee and “supported and endorsed by the clubs”, whose bosses were in London on Thursday for a Premier League shareholders’ meeting. BREAKING: Here’s how the clubs are justifying defiantly refusing to bow to fierce public and media pressure and still paying Premier League supremo Richard Scudamore a £5million departure bonus. Big and controversial call. Won’t go down well with some… pic.twitter.com/6lYhR7Kmfp— Dan Roan (@danroan) November 15, 2018Scudamore earns a reported £900,000 salary plus bonus of £1.6 million and is believed to have earned £26m during his time with the organisation.The Premier League’s UK television rights were valued at about £670m when Scudamore joined in 1999, while the most recent deal was worth £5.14bn.In addition to his lucrative exit bonus, The Times report that the 59-year-old is set to receive a New Year honour in recognition for his work at the Premier League.last_img read more

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MARIO, AENGUS AND DARRAGH WANT YOU TO ‘BAKE FOR BRAIN INJURY’

first_imgMario Rosenstock, Rebecca Sheri dan age 3, Aengus Mac Grianna and Michael Darragh Mccauley get tucked inMario Rosenstock, Aengus Mac Grianna and Michael Darragh Macauley donned their aprons to brush up on their baking skills ahead of Acquired Brain Injury Ireland’s annual fundraiser in Donegal ‘Bake for Brain Injury’ which takes place from 10th-16th March.The trio are calling on local people to host a Bake Break at home, in their workplace or in their school during Brain Awareness Week to help raise funds for ABI Ireland’s Residential and Community Neuro-Rehabilitation services in Donegal.ABI Ireland provides community-based neuro-rehabilitation services and advocates for the 13,000 people who acquire a brain injury every year in Ireland. “A brain injury can happen to anyone, anytime and anywhere,” said Barbara O’Connell, CEO of ABI Ireland.“Whether you fall victim to an unprovoked assault or road traffic accident, suffer a blow to the head on the football pitch, or simply trip in your high heels on a night out, a brain injury is devastating and life-changing.“We provide a personalised neuro-rehabilitation service to help those who acquire a brain injury regain their independence and live full lives in the community. Demand for services is constantly on the rise so hosting a ‘Bake Break’ with your friends or colleagues will help us make a big difference to the lives of those affected and their families,” she said. Men are three times more likely to acquire a brain injury, with young men between the ages of 18 and 35 most at risk.Footballer of the Year and ABI Ireland ambassador Michael Darragh Macauley said: “I’ve been supporting ABI Ireland for a number of years now because I’ve seen the good work they do and the difference their services have made, especially to young men my own age.“The reality that it could happen to any of us really hit home with me and I believe the rehabilitation ABI Ireland provides should be available to anyone who may need it. We can make sure this service continues to deliver by getting involved and raising much-needed funds during Bake for Brain Injury.”Register to host a Bake Break at www.bakeforbraininjury.ie or call 01 280 4164. All organisers will be entered into a draw to win a Ballymaloe Cookery Experience for two. Donations to Acquired Brain Injury Ireland can be made online. Join the conversation on Twitter using the hashtag #BakeBreak.MORE About Acquired Brain Injury IrelandEstablished in 2000, Acquired Brain Injury Ireland provides community based neuro-rehabilitation services to those who have acquired a brain injury. The organisation helps rebuild lives that have been shattered by the trauma of brain injury, through placing a critical emphasis on client-centeredness, quality, effectiveness and value for money. Rehabilitation and clinical support are key aspects to the service. Approximately 13,000 people suffer from a head injury in Ireland each year and face a dramatically altered life thereafter. People with acquired brain injury (ABI) progress at different rates, and may need to access services at different points in time as their needs change. Within each stage of rehabilitation a range of different service providers is involved, which must be coordinated. Once back in the community the emphasis is on more extended activities of daily living, integration, and return to work or education. Interventions focus on enhanced participation, improved quality of life, psychological adjustment and carer stress. Acquired Brain Injury Ireland is filling a vital service gap, in collaboration with statutory bodies.MARIO, AENGUS AND DARRAGH WANT YOU TO ‘BAKE FOR BRAIN INJURY’ was last modified: February 28th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Acquired Brain Injury IrelandBake for Brain InjuryBrain Injury Awarenessdonegallast_img read more

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Want to grow Africa’s economy? Include women

first_imgAfrica is rising and women will play a major part in its growth, say delegates at the International Women’s Forum South Africa conference. They called for women to be included in the continent’s mainstream economy. (Image: Brand South Africa)• International Women’s Forum South Africa+27 11 325 [email protected]• South African women on Forbes Africa tech list• Women taking SA forward• Foster builds a network of support• Towards gender equality• Women’s rights to advance Shamin ChibbaFive of the world’s estimated 20 female central bank governors come from southern African countries – Botswana, Lesotho, Seychelles, Madagascar and South Africa. This was according to Gill Marcus, governor of the South African Reserve Bank and a guest speaker at the International Women’s Forum South Africa (IWFSA) conference held in Johannesburg from 18 to 19 June.With “Africa Rising” as its theme, the conference brought together more than 200 women from business, government and civil society to examine women’s role in the continent’s economy and find ways to include them in the mainstream.The high number of African women in top central bank jobs, Marcus said, was in contrast to the first world, where only one woman heads a state bank. And Janet Yellen’s appointment as chairperson of the American Federal Reserve in February this year caused controversy in the US. “Leading newspapers in the United States discussed, quite seriously, what it would be like to have a ‘pink dollar’,” Marcus said.The only other leading woman in global economics, she said, is France’s Christine Lagarde, managing director of the International Monetary Fund.But Marcus added that while this is an achievement for equality in southern Africa, it is how those five women make a difference in everyone’s lives that counts. Women essential to developmentLinah Mohohlo, governor of the Bank of Botswana, said including women in the mainstream economy so they can earn their own money is essential to African development.With 16 years at the helm of Botswana’s bank, Mohohlo is one of the world’s longest-serving reserve bank governors. She said women’s exclusion from the economy is not just a developing world problem but one also found in advanced nations. “Developed countries are experiencing joblessness, which brings concerns over social inequality.”Excluding women from economic activity was a waste of productive resources, she said. One way to include women is to narrow the gap between rich and poor. And technology, she said, was the one thing that could close that divide. “It was not long ago that we were concerned about the digital divide. Now technology is building bridges between those at the top and those at the bottom.” Southern African women are leading the charge in the continent’s economy, with five female central bank governors coming from the region, including governor of the South African Reserve Bank, Gill Marcus. (Image: Shamin Chibba) Africa is risingAs an emerging market economy, Marcus said, Africa is set to soar in the next three years. Before the financial crisis set off in 2008, emerging markets accounted for 25% of the world’s GDP and 17% of global public debt. She said that by 2017 emerging markets will contribute 40% of the world’s GDP and 16% of its debt. “Emerging markets contribute far more to growth in global GDP, whereas advanced economies add to global public debt. Emerging markets have helped sustain the global economy, yet when things get better they are dismissed by advanced economies, who basically say, ‘You are on your own.’”Marcus added that in South Africa, citizens are too critical of economic conditions. Public discourse was more focused on what was wrong in the country and not on its achievements, she said. Instead, we must reflect inward to see where the real problem lies. “South Africa has done phenomenally well in 20 years. So we need to tackle ourselves and see what is wrong with our attitude.” Infrastructure and womenThe impact of infrastructure development on women’s wellbeing was also discussed. Poor energy supply throughout Africa, for example, was a major cause of women’s health problems, Mohohlo said. The smoke from using firewood for energy, particularly indoors, caused illness and sometimes death. She said investment in appropriate energies would reduce the use of firewood and so improve the health of women.Water supply was also discussed as a serious health issue that impeded the development of African women. Pregs Govender, deputy chairperson of the South African Human Rights Commission, said that when it comes to water, African governments’ macroeconomic policies have done a disservice to marginalised people, particularly women and the poor.Govender said macroeconomic policies – which tackle the broader trends in an economy –were initially designed to reduce inequality and maintain economic balance in society. But they stopped being effective when they were no longer used for the benefit of the people.Human Rights Commission research on water use in South Africa found that these policies, instead, served corporates and ignored poor communities. Corporates pay less per kilolitre for water than households do. More worrying is business is generally the biggest polluter of water, but does not take responsibility for cleaning it up. “Our greatest thief of water is the corporate sector,” said Govender. “They waste water the most. Yet the image of water wastage is of a dripping tap in a poor community.”She added that women in Senegal spend more time sourcing and collecting water than on any other activity.last_img read more

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Bridging Online and Offline Marketing With StickerYou

first_img4 Keys to a Kid-Safe App 9 Books That Make Perfect Gifts for Industry Ex… In an age where digital advertising is becoming increasingly important, Toronto-based startup StickerYou aims to bridge on- and offline marketing with a new service that lets anyone turn their website into a “sticker selling machine.” StickerYou lets you upload your own artwork in order to make custom stickers. You can select the images, size, and the die-cut you want for your stickers. For fans of stickers, that’s an exciting enough proposition right there.The company has just released a beta version of its Sticker Maker, which allows you to market your stickers on its website or on your own site via a widget. As with the other sticker-making services the company provides, StickerYou handles all the printing and distribution. Users can also use this to generate revenue from their artwork or logos, earning royalties on the sales of stickers they help initiate. The startup has already landed a number of major licensing deals, including one with Sony Pictures for stickers coinciding with the recent release of the Green Hornet film. But according to Joseph Puopolo, StickerYou’s VP of Marketing, the service isn’t geared to just large businesses but to anyone with a brand, logo, artwork or website. “We wanted to make it easier for sites that have unique content to have their own Sticker Maker by using our automated integration process. This will enable any brand or site’s profile to sign up for free and quickly allow their fans to express themselves uniquely via stickers.” Tags:#biz#Reviews audrey watterscenter_img 5 Outdoor Activities for Beating Office Burnout Related Posts 12 Unique Gifts for the Hard-to-Shop-for People…last_img read more

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An Indiana Utility Offers Free Car Charges

first_imgIf you own an electric vehicle (EV), it apparently pays to live in Indiana.Some Indiana drivers who have invested in electric vehicles are finding very low power costs, adding up to less than 1 cent per mile. In the service area of one electric utility, fuel is free, according to an article in Green Car Reports.Customers of Northern Indiana Public Service Company can charge their cars for free, providing they do so between 10 p.m. and 6 a.m. and the car is charged on on a separate electric meter. The utility is also offering a subsidy of as much as $1,650 toward the installation of a meter to the first 250 people EV owners who request it.So far, 125 have taken advantage of the offer. The offer is good through the end of 2017, UtilityDive reported.Separately, Indianapolis Power and Light offers off-peak rates of 2.3 cents per kWh, allowing the owner of a Tesla Model S to recharge the car and drive 265 miles for $1.95 in fuel charges, Green Car Reports said.Despite a variety of incentives, EVs are still very much a niche market. The website EV Sales reports that less than 10,000 EVs sold in the U.S. in October of this year. The Nissan Leaf is the most popular brand, with year-to-date sales of about 24,400.last_img read more

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CRS begins probe into Kolkata Metro accident

first_imgTwo days after a passenger died in an accident inside the Kolkata Metro, Commissioner of Railway Safety (Metro Circle) G.P. Garg on Monday started a probe into the incident. Mr. Garg visited the Park Street metro station and also inspected the rake which was involved in the accident.On June 13, 66-year-old Sajal Kumar Kanjilal died when his hand got struck in the Kavi Subhas-bound rake at the Park Street metro station. His body was hanging outside the train as it left the platform and ran several metres into the tunnel. Mr. Kanjilal fell on the tracks after the train stopped and was declared dead when taken to a hospital.The Kolkata Police has registered a case at the Shakespeare Sarani police station where charges have been pressed under Section 304 A (causing death by negligence). “A detailed investigation will be done. All the technical features and safety features will be looked into,” Mr. Garg said. The newly inducted rake which was involved in the accident has been withdrawn from operation. Failure of sensorsQuestions are being raised over the alleged failure of the sensors on the metro rake door which allow it to open when anything comes in-between. Subhas Ranjan Thakur, an expert on railways, said the accident was clearly a result of door-sensor malfunctioning. “It is a freak incident when one in a million times technology fails,” Mr. Thakur said.last_img read more

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9 months agoBenkovic insists Celtic perfect preparation for Leicester return

first_imgAbout the authorFreddie TaylorShare the loveHave your say Benkovic insists Celtic perfect preparation for Leicester returnby Freddie Taylor9 months agoSend to a friendShare the loveFilip Benkovic says he will be ready for the Premier League after his loan stint with Celtic. The Leicester City defender has earned rave reviews for his performances in Scotland this season.And he thinks the experience will set him up perfectly for a return to the King Power.”In this period at Celtic, I feel I’ve improved as a player every day,” he told the Scottish Sun. “Here, I have to the scope to work on every aspect of my game.”That’s vital if I want to go on to play at the very top level. I feel good here and that I’m doing a good job.”Later in my career, when I look back, I want to say I did well at Celtic. I want to know that I worked hard and was very humble during my time in Scotland.”This will prepare me for the Premier League. Experience is so important for a player because it then makes it easier to deal with certain situations.”It makes you smarter. But nothing can happen without hard work because I think the Premier League is the No.1 in the world.”Here at Celtic, I play with pressure, which is good. But that’s normal for me – I came from a club in Croatia where it was the same.”I like that, I enjoy the pressure. To me that’s a positive, now and moving forward.”The last information I had from Leicester was that I am staying at Celtic until the end of the season.”I enjoy it here so that’s what I’m focusing on. After that, we will speak and see what’s for the best.”I’m having fun here and want more of it.” last_img read more

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