* * * During the 80s and 90s, Foxtons created a distinctive internal culture. Heavily influenced by Hunt’s personality and working habits, it endures, little changed, to this day. In its recruitment and working patterns, in its rewards and penalties, in its use of branding and digital technology, the company has been a pioneer for many of today’s British white-collar employers.At the core of Foxtons is obsessive commitment. Opening for longer hours than rivals means longer working hours for Foxtons staff. The issue dominates whenever they talk about their jobs. “The hours are completely insane,” posted a former lettings negotiator last year on an online forum where Foxtons employees gather anonymously. “You work 12 hours a day Mon-Friday PLUS every other weekend, with no lieu days!” A former sales negotiator added: “It becomes exceptionally difficult to maintain bonds and relationships with people outside [Foxtons] EVEN IF YOU LIVE WITH … [Read more...] about Is Foxtons the estate agent London deserves?
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The fall meant that at one point the UK’s largest property services company was valued at less than the £35m average house price on Britain’s most expensive street, Kensington Palace Gardens in London. Shares closed down nearly 63% at 18.5p. … [Read more...] about Countrywide shares plunge 60% after emergency cash call
Foxtons plunged to a loss of £2.5m in the first half of 2018 compared with a £3.8m profit this time last year as a result of turmoil in the London property prompted by Brexit fears and higher stamp duty. The agency, best known for its heavily branded Mini Coopers and steep commission charges, sold only 1,188 properties in the first half – down by a quarter from the same period last year. … [Read more...] about Foxtons slips to £2.5m loss amid weak London property market
Chris Mehl, the policy director of Headwaters Economics, a Bozeman-based research firm, told me that the concerns of ranchers like Hagenbarth and Olson were entirely valid. “All state lands in the west other than state parks have a mandate to be utilized to maximize return,” he explained. That means a rancher could be kicked off a piece of ground if the state couldn’t demonstrate profitability from the lease, or if there were a promise of a higher return from another activity. In the event that a piece of state land didn’t cash-flow, the state would be legally obligated to sell it – a worst-case scenario that would open the door to massive development. By contrast, the multiple-use mandate of the federal land management agencies means no user group claims priority, and there is no requirement for federal lands to remain in the black. Land transfer advocates claim state ownership would be better for business, but Mehl disagrees: “We look at rural … [Read more...] about In Montana, land transfer threatens the American rancher’s way of life
The estimated scale of the post-Grenfell cladding crisis is far higher than previous government figures have suggested and comes ahead of a rally in Westminster on Tuesday, when leaseholders from Manchester, London, Birmingham, Southampton and Ipswich facing unaffordable bills of up to £100,000 each will demand action from ministers. … [Read more...] about Half a million people in UK live in flats with unsafe cladding – report