Countrywide’s hybrid rollout

first_imgWhile there’s enormous ‘noise’ around ‘online-only’ and hybrid agents such as Hatched and Purplebricks, Countrywide has been quietly rolling out its online activity across swathes of the UK.Countrywide’s digital ‘hybrid’ rollout is significant, including a four-phase launch that now covers 25 per cent of its business, and 200 branches.After trials with three brands in June last year – Austin & Wyatt in the SW, Frank Innes in the East Midlands and Spencers in Leicestershire – it introduced the offering to Carsons in Hampshire, Miller Countrywide in Cornwall and Devon and Fulfords in Somerset.In January this year it also added its hybrid offering to Entwistle Green in Liverpool and Lancashire and says that it has shown “the most positive results to date.” A launch then followed at Bridgfords, the largest brand to do so thus far.Countrywide’s hybrid model charges a £695 to £995 fee for a Purplebricks-style service – vendors have to conduct their own viewings and sale negotiations.Results from its original trial brands from earlier in 2016 reveal that having a ‘hybrid’ option drove 11 per cent more valuations, 18 per cent more instructions and 9 per cent more sales, all without impacting fee levels, the company says.The platform that drives the offering across the different brands has so registered 2,700 online accounts and 1,000 valuations booked online.“The launch of our digital sales pilot in summer 2016 surpassed our ambitions and we have now accelerated the roll-out to more than 25 per cent of our network,” says Chief Executive Alison Platt.hybrid rollout online agencies Countryside’s digital “hybrid” rollout Countrywide April 21, 2017The NegotiatorWhat’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 » Agencies & People » Countrywide’s hybrid rollout previous nextAgencies & PeopleCountrywide’s hybrid rolloutThe Negotiator21st April 20170631 Viewslast_img read more

Commanding Officer of USS Nimitz to Visit National Museum of Pacific War

first_img View post tag: War Commanding Officer of USS Nimitz to Visit National Museum of Pacific War Share this article The commanding officer of the USS Nimitz warship will join others here Saturday for a fundraiser to benefit the museum with the same namesak…(fredericksburgstandard)[mappress]Source: fredericksburgstandard, April 7, 2011; View post tag: Officer View post tag: USS View post tag: Pacific View post tag: Nimitz View post tag: News by topic View post tag: Navycenter_img Training & Education Back to overview,Home naval-today Commanding Officer of USS Nimitz to Visit National Museum of Pacific War View post tag: Museum April 7, 2011 View post tag: Visit View post tag: Commanding View post tag: Naval View post tag: Nationallast_img read more

US companies criticized for cutting jobs rather than investor payouts

first_imgUS companies laying off workers in response to the coronavirus pandemic but still paying dividends and buying back shares are drawing criticism from labor unions, pension fund advisers, lawmakers and corporate governance experts.While most US companies are scaling back payouts after a decade in which the amount of money paid to investors through buybacks and dividends more than tripled, some are maintaining their policies despite the economic pain.Royal Caribbean Cruises Ltd, Halliburton Co, General Motors Co and McDonald’s Corp have all laid off staff, cut their hours, or slashed salaries while maintaining payouts, according to a Reuters review of regulatory filings, company announcements and company officials. “This is the time for large companies to try to help, for systemic reasons, to keep things flowing,” said Ken Bertsch, executive director of the Council of Institutional Investors. The council’s members include public pension funds and endowments that manage assets worth about US$4 trillion.Read also: Five more months to business as usual: Business playersRoyal Caribbean, which has halted its cruises in response to the pandemic and borrowed to boost its liquidity to more than $3.6 billion, said it began laying off contract workers in mid-March, though the moves did not affect its full-time employees.The company has not suspended its remaining $600 million share buyback program, which expires in May, or its dividend, which totaled $602 million last year and is set quarterly. “We continue to take decisive actions to protect (our) financial and liquidity positions,” Royal Caribbean spokesman Jonathon Fishman said. He declined to comment specifically on the layoffs or shareholder payouts.While Royal Caribbean’s rival Carnival Corp has also laid off contract workers, it has suspended dividends and buybacks as it raised more than $6 billion in capital markets to weather the coronavirus storm.Unemployment surgeGoldman Sachs analysts forecast this week that S&P 500 companies would cut dividends in 2020 by an average of 50 percent because of the fallout from the coronavirus pandemic.While there has been criticism of companies maintaining investor payouts, only those receiving financial support from the US government under a $2.3 trillion stimulus package are obliged to suspend share buybacks.US companies hare buybacks and dividends payouts. (Reuters/-)Layoffs contributed to US unemployment skyrocketing last month. Jobless claims topped 6.6 million in the week ended March 28 – double the record set the prior week and far above the previous record of 695,000 set in 1982.Companies say job cuts are necessary to offset a plunge in revenue but their critics say they should consider turning off the spigots to shareholders before letting employees go.“If companies are paying dividends and doing buybacks, they do not have to lay off workers,” said William Lazonick, a corporate governance expert at the University of Massachusetts.Workers at franchised McDonald’s restaurants say they are getting fewer shifts since dining areas were closed in March, leaving only carry-out and drive-through services open.Alma Ceballos, 31, who has worked at a franchised McDonald’s near San Francisco for 14 years, said she could not pay her rent after her schedule was cut to 16 hours from 40 and her husband, a janitor at Apple Inc’s Cupertino, California, campus was laid off.McDonald’s, which has suspended buybacks but maintained its annual dividend, worth $3.6 billion in 2019, told Reuters its staffing and opening hours were not related to “making a choice between employees and dividends”.About 95 percent of its US restaurants are run by franchisees who decide staffing. McDonald’s said it was offering rent deferrals and other help to keep franchises open and employing workers.Read also: Tens of thousands of workers across Indonesia laid off because of COVID-19 outbreak“McDonald’s could commit to 30 days of income for all workers,” Mary Kay Henry, president of the labor union SEIU which has 2 million members, said in an interview with Reuters. “Corporations need to pay their fair share here.”‘It’s just wrong’General Motors has halted normal production in North America and temporarily reduced cash pay for salaried workers by 20 percent. It paid its first-quarter dividend on March 20 and has a month before declaring its next dividend, a spokeswoman said, adding that GM would assess economic conditions before deciding.“Our focus in the near term is to protect the health of our employees and customers, ensure we have ample liquidity for a very wide range of scenarios, and implement austerity measures to preserve cash,” spokeswoman Lauren Langille said.Oilfield services firm Halliburton furloughed about 3,500 workers in its Houston office starting on March 23, according to a letter sent to the Texas Workforce Commission obtained by Reuters. It has also cut 350 positions in Oklahoma.Halliburton cited disruption from the coronavirus as well as plunging oil prices as the reason for the furlough. In March, it paid its first-quarter dividend to shareholders as planned.A Halliburton spokeswoman declined to comment on the furlough and the company’s dividend policy.Read also: Coronavirus drives record US job losses amid economic shutdownSome of the companies laying off workers while still paying out shareholders, such as General Motors, signed an initiative last year from the Business Roundtable, a group of chief executives, pledging to make business decisions in the interest of employees and other stakeholders, not just shareholders.Large asset managers such as BlackRock and Vanguard have cited managing “human capital” as a priority for companies in which they invest. Yet they have been reluctant to publicly press companies to avoid layoffs during the crisis.Vanguard told Reuters it “recognizes the need for companies to exercise judgment and flexibility as they balance short- and long-term business considerations”.BlackRock did not respond with a statement when contacted for comment.“Profits should be shared with the workers who actually create them,” US Senator Tammy Baldwin, a long-standing critic of share buybacks, told Reuters in an email.“It’s just wrong for big corporations to reward the wealthy or top executives with more stock buybacks, while closing facilities and laying off workers.”Topics :last_img read more

Vintage bomb found in Singcang-Airport

first_imgBACOLOD City – A vintage bomb was found at a construction site in Barangay Singcang-Airport. According to police investigators, 26-year-old construction laborer Eldon Tejero discovered the explosive device while he was digging in the site around 2:40 p.m. on May 6.The 60-millimeter bomb was turned over to Demi Montoya, a bomb expert of the Bacolod City Police Office./PNlast_img