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City analyst names agents involved in portal juggling

first_imgHome » News » Marketing » City analyst names agents involved in portal juggling previous nextMarketingCity analyst names agents involved in portal jugglingDetailed report into practice by respected Jefferies Group reveals practice to widespread but more prevalent among hybrids.The Negotiator24th March 201701,703 Views A leading City analyst has released an incendiary report into portal juggling, warning investors that many agents including dozens of high street names use it to appear busier than they are on Rightmove.Well-known names on the lists include many of the UK’s high profile agents including Countrywide, Foxtons, Chancellors, Humberts and Kinleigh Folkard & Hayward while the online-only and hybrids agents highlighted include HouseSimple, eMoov, Yopa, Purplebricks and Tepilo.The report, which was compiled with the help of Robert May’s Rummage4 software, also reveals that although portal juggling is widespread across the industry, it is more prevalent among hybrids than traditional agents.Research by Jefferies Group LLP, which has 3,300 employees and offices in 30 cities across the world, reveals that although hybrid agents have 4% of the market, they account for nearly a third of the top 50 juggled properties.Of all agents that have juggled ten or more properties, hybrid agents account for 41% of all juggles while traditional agents, who have 96% of the market, account for 59% of juggles.The Jefferies report also reveals that Purplebricks has a sale agreed/listing ratio of 89.5% in contrast with Countrywide’s 60.2%, LSL’s 50.6% and Foxtons’ 48.8%, and asks whether portal juggling is helping Purplebricks achieve such stunning figures.Jefferies says it is looking into this question, but in the meantime has published a list of what it says are the UK’s top 50 portal juggling branches and agents, as well as examples of juggled properties including a two-bedroom, end-of-terrace home in Worcester Park, south London marketed by Barnard Marcus. Jefferies says its status changed 52 times between 11 December 2016 and 3 March 2017.In the report Jefferies defines juggling as status changes between For Sale, Under Offers and SoldSTC, relisting, dopplegangers where a property is listed twice and properties that are listed for only short periods.Read the full report.Jefferies Group ‘portal juggling’ March 24, 2017Nigel 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

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“Dead Feat” Will Return To New Orleans For Two Jazz Fest Late Night Shows In 2017

first_imgThough we’re still a few weeks away from 2017, the next calendar year is filling up with all sorts of great events. With the Jazz Fest lineup due out any day now, many artists are announcing their own late night performances for the famed New Orleans festival.One of the annual traditions of Jazz Fest late nights is Dead Feat, a collaboration that generally features members of both the Grateful Dead and Little Feat, as well as musicians from the New Orleans scene. This year’s lineup unfortunately doesn’t feature any members of the Dead, though Paul Barrere and Fred Tackett of Little Feat will be performing. In addition, Jackie Greene, Anders Osborne, and Brady Blade will all be featured on the 2017 Dead Feat lineup.Dead Feat will perform for two nights, April 29th and 30th, at Republic NOLA. You can find more information here.[Image courtesy of Rex Thomson from Dead Feat 2016]last_img read more

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U.S. Coal, Nuclear Industries Seek Billions in Tax-Credit Bailouts

first_imgU.S. Coal, Nuclear Industries Seek Billions in Tax-Credit Bailouts FacebookTwitterLinkedInEmailPrint分享Axios:Two separate lobbying pushes are underway urging Congress to create new multi-billion dollar tax credits benefiting virtually all coal and nuclear power plants across the United States. The price tags: up to $65 billion for coal and $4.8 billion for nuclear.The efforts show the aggressive lengths companies are going trying to survive in a hyper-competitive electricity market while also seeking to take advantage of President Trump’s vows to boost coal and nuclear power, which has Republican backing in Congress. The tax credit proposals, which have not been publicly disclosed, face skepticism from others in the coal and nuclear industries and are sure to face criticism that they’re handouts to legacy energy sources.Companies and groups involved in the separate efforts, including coal-heavy utility American Electric Power, coal trade group American Coalition for Clean Coal Electricity and nuclear utility Exelon, are working to persuade senators to introduce proposals in the coming weeks that are separate from the broader tax overhaul.Both measures face long odds, though the coal push is the tougher ask given its bigger price tag and nuclear power’s bipartisan backing. The companies are pushing for the proposals to be included as part of any broader tax-credit extension legislation Congress could take up before the end of the year or, more likely, next year.The tax proposals are different from a Trump administration effort to overhaul electricity market rules benefiting a smaller number of coal and nuclear plants. That effort, underway at the Federal Energy Regulatory Commission, is seeking to ensure the electric grid remains resilient. Coal and nuclear provide continuous electricity and can store fuel on site, unlike most other electricity sources.The gritty details about each tax credit, according to numerous industry officials either backing each proposal or aware of them.On coal:Pushed by American Electric Power, coal producers Peabody Energy and Arch Coal and the American Coalition for Clean Coal Electricity, a coalition of coal producers and coal-dependent utilities.Would cost between $6 billion and $6.5 billion a year and last 10 years. That’s a little less than the annual combined average cost of wind and solar tax credits extended in 2015, Bailey said.All coal plants that comply with major Clean Air Act regulations would qualify, which is most if not all coal plants operating today that aren’t already scheduled to shut down.Bailey said this tax credit is necessary because whatever FERC may do would apply to about 40,000 megawatts of coal. The U.S. coal fleet is six times that. “This tax idea is designed to help the entire coal fleet, and not conflict with what FERC is doing,” Bailey said.Would allow coal plant operators to recoup half of their fixed operation and maintenance expenses up to a limit of $26 per kilowatt of installed capacity.A spokeswoman for AEP said the credit “would be an interim solution” as the FERC process unfolds. Requests for comment to Arch Coal were not returned. Peabody deferred to the trade group.On nuclear:Brown, the Exelon lobbyist, says other companies are likely to come out in support of its proposal soon.Early internal estimates of the cost are between $1 billion and $1.2 billion a year.It would be a 30% investment tax credit for capital expenditures at existing nuclear units that would run for four years.Exelon floated a similar version of this tax credit last year, but the issue wasn’t as ripe then as it is today, Brown said, thanks in part to Trump’s elevation of the issue.More: Exclusive: Coal and nuclear firms seek billions in new tax creditslast_img read more

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