Investment firm Alchemy has laid its cards on the table following Countrywide’s rejection of Connells’ offer for the estate agency giant, matching its offer of £2.50 a share.It has also claimed that a Connells takeover would lead to ‘multiple branch closures and job losses’.Alchemy, which remains the Countrywide board’s preferred bidder, says its offer to shareholders gives them the opportunity either to sell their shares or to participate alongside Alchemy in the recapitalisation of the company.This solves a problem for Countrywide’s shareholders, who are split between those who want to exit and those who believe it has a future.Alchemy believes this feature of the proposal represents the only way to satisfy enough shareholders to deliver a transaction – and that a conventional takeover – as offered by Connells – will not succeed.So far Alchemy has secured promises from shareholders holding 44.8% of Countrywide’s issued share capital as of yesterday.This includes Hosking Partners, Oaktree Capital and Brandes International but not, unsurprisingly, Robin Paterson’s Catalist.ExperienceIn response to Connells’ criticism that it has no experience of running a large estate agency, Alchemy has hit back saying its long-standing investment in Countrywide, and its separate ownership of a letting agency, give it a good understanding of Countrywide’s ‘business lines’.Alchemy says it also has an ‘outstanding new management team’ waiting in the wings, as well as new chairman Carl Leaver.“Alchemy firmly believes that Countrywide has a strong future as an independent, listed company; however, unlocking that potential requires a comprehensive recapitalisation, a new management team and a reinvigorated governance structure,” it says.Branch closuresDespite Connells offer being rejected, Alchemy has still taken time to slam the defunct deal, saying Connells’ offer to buy all the company’s shares does not give an opportunity to shareholders who want to stick around and see their stock increase in value.Most damning, Alchemy claims Connells’ offer is “likely to involve wholesale rationalisation of the Company’s business involving multiple branch closures and job losses, and would also likely be investigated or blocked by the Competition and Markets Authority”.The Alchemy deal includes raising £70m to clear the company’s debts partly through a new share issues and also new lending.Alchemy connells Countrywide December 4, 2020Nigel LewisOne commentJames Gibbs, Gibbs Gillespie Gibbs Gillespie 5th December 2020 at 9:45 amThe world is full of individuals and organisations who think they know how to run Estate Agencies without previously working in the industry and they all fail. Connells would know how to make a success here, but they would be tough shrewd operators, but would need to be.Log in to ReplyWhat’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 » LATEST: Connells’ Countrywide bid ‘would see job losses, branch closures’ previous nextAgencies & PeopleLATEST: Connells’ Countrywide bid ‘would see job losses, branch closures’Claim is made by Alchemy, which is scathing of the Connells takeover bid and says its offer will satisfy all shareholders.Nigel Lewis4th December 20201 Comment2,025 Views
IS IT TRUE we had a problem with the posting of the June 17, 2016 IS IT TRUE? …are reposting some of the June 17, 2016 IIT for you’re reading pleasure?IS IT TRUE Indiana recently passed new regulations for the liquid used in a smoking alternative known as vaping,? …local businessman John McCullough Jr spent about $80,000 to make sure his company would comply with the new State law? … it now looks like many e-liquid producers are now being shut out in doing business in Indiana because of an alleged backroom political deal that effectively gives the sole rights to distributed e-liquid to a politically connected security firm located in Lafayette? …we wonder why our local State Senators and State Representatives allow this law be approved without proper research and debate?IS IT TRUE as week the newly elected President of IVY TECH Dr. Sue Ellsperman visited the Southwest campus in Evansville? …we are pleased that Dr. Ellsperman understands there is a public misunderstanding about why community colleges exists, and she said she wants to change it? …we recommend that she addresses the staffing, marketing, political and communications problems at IVY TECH system wide? …if anyone can lead IVY TECH in the right direction Dr. Sue Ellsperman is the person to do it?IS IT TRUE we hear that Vanderburgh County GOP Chairmen Wayne Parke had meetings with a few GOP precinct committeemen that supported Sean Selby for County Commissioner in the political caucus? …we hope that Mr. Parke didn’t meet with the Sean Selby supporters in order to take them to task for supporting Mr. Selby In last month’s political caucus? … we are waiting to see if Mr. Parke will publicly announce that he supports Sean Selby for Vanderburgh County Commissioner in the upcoming November 8, 2016 General election?IS IT TRUE as week the proprietor of the controversial “bikini bar” proposed for 825 S. Green River Rd. withdrew his request for a zoning variance that would allow him to move forward with his plan? … that a group of well-organized remonstrance attended this meeting? …that the bar owner’s ex-wife testified that they wanted scantily-clad servers and entertainers because they would attract a “higher type” clientele than they currently have? …that the remonstrance should keep an eye open for another interesting proposal presented by the current bar owners?IS IT TRUE we are extremely pleased that the City of Evansville have decided to build new glass enclosed shelters at select bus stops throughout the City? …the new bus stop shelters will protect our disadvantaged citizens of our community during bad weather? …we hope that the Mayor will find the money to continue building additional shelters because it’s a worthy public works project? …we hope that the Mayor will start ridding of the unsightly park type benches that are presently located at bus stops? …we also feel that advertising displayed on these benches are also unattractive?IS IT TRUE last week a Graduation Ceremony for 10 outstanding Evansville Firefighting recruits was held? … …we would like to congratulate graduates-Matthew Alexander, Joshua Petrig, Jamie Phillips, Colton Blanchard, Brian Dispense, Michael Gleeman, Ian Pate, Erik Schlub, Brian Richardt and Derek Rollins? . ..we would also like to give special thanks to the Evansville Fire Chief Mike Connelly for turning the Evansville Fire department into a progressive firefighting unit?IS IT TRUE EVSC deserves kudos for its Health Sciences Institute career exploration program? …we believe all of our students could benefit from an “up close” look at a variety of occupations, from fast food to brain surgery?… a real look at a future with and without at least technical education may open a few young folks’ eyes?Todays “READERS POLL” question is: Do you feel that it is time for the City to do away with the advertising on bus stop benches because its unattractive?Please take time and read our newest feature articles entitled “HOT JOBS” and “LOCAL SPORTS” posted in our sections.If you would like to advertise in the CCO please contact us City-County [email protected] 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributedFacebookTwitterCopy LinkEmail
Jack Devine will speak about his 32-year career with the CIA during the Ocean City Historical Museum’s annual luncheon on Sept. 17. Jack Devine will speak about his 32-year career with the CIA during the Ocean City Historical Museum’s annual luncheon on Sept. 17.Jack Devine, an Ocean City homeowner and former North Wildwood Beach Patrol lifeguard, will be the featured speaker at the Ocean City Historical Museum’s annual luncheon at noon Wednesday, Sept. 17, at the Flanders Hotel.The former CIA agent will speak about his 32-year career with the agency. Tickets ($40) are available at the museum (in the Ocean City Community Center at 1735 Simpson Ave.).The following is a review of Devine’s account of life in the CIA released last month by Sarah Crichton Books (available at Sun Rose Words and Music at 756 Asbury Avenue in Ocean City, NJ and on Amazon.com). The review is by Joseph Grimes, a former Ocean City Beach Patrol member, Cherry Hill attorney and Ocean City resident.More information on the Sept. 17 luncheon follows the book review. Tickets available to hear Devine as luncheon speaker on Sept. 17Jack Devine, former CIA agent and author of the just-published memoir “Good Hunting” is confirmed as the speaker for Ocean City Historical Museum’s annual luncheon — noon Wednesday, Sept. 17, at the Flanders Hotel. (This Jack Devine is no relation to the president of our local Arts Board, although the Historical Museum does reside in the same building.)Devine brings history to life because he lived it during his 32 years in the Central Intelligence Agency. Time magazine covered him in its “10 Questions” feature earlier this month.While at the CIA, he served as both acting director and associate director of the CIA’s operations outside the United States and, in this capacity, he had supervisory authority over thousands of CIA employees involved in sensitive missions throughout the world. Mr. Devine held numerous other senior positions at the CIA such as chief of the Latin American Division; and head of the Counternarcotics Center, which was responsible for coordinating and building close cooperation between all major U.S. and foreign law enforcement agencies in tracking worldwide narcotics and crime organizations in the 1980s. Mr. Devine also headed the CIA’s Afghan Task Force, which successfully countered Soviet aggression in the region. He was awarded the CIA’s Meritorious Officer Award for this accomplishment.He was the expert NBC interviewed in coverage of the Bin Laden raid. He has written op-eds and articles for The Washington Post, The Financial Times, The Miami Herald and The World Policy Journal. He has also made guest appearances on CBS, NBC, MSNBC, Fox News, as well as the History and Discovery channels, PBS and ABC Radio.Devine is a founding partner and now President of The Arkin Group LLC, an international risk consulting and intelligence firm. He has a home in both New York and Ocean City.Tickets ($40) are available at the Ocean City Historical Museum, 1735 Simpson Avenue. Good Hunting: An American Spymaster’s Story (Hardcover). Review by Joseph Grimes.Protecting the public is a recurring theme in Jack Devine’s career. As a lanky six-foot-five-inch teen, Devine manned a lifeguard stand for the North Wildwood Beach Patrol in 1960, ready to respond to the next rip tide imperiling a bather’s fun. The undertow of those lazy summers in the early 1960s became symbolic, if not prophetic, of the dawn of a new type of war, a so-called cold war, embracing the world. As super-powers squared off, it would become the growth of a new government agency, the Central Intelligence Agency, charged with the responsibility of harnessing international intelligence to promote and protect American national security. It also became the progenitor of new career paths of a select group of Americans who labored under titles of “operative” or “analyst” but whose counterparts in international circles were simply “spies.”Now, returning to his summer roots at the Jersey Shore, Devine and his wife, Pat, make Ocean City their second home. Working in Manhattan at the Arkin Group, a high-end corporate investigations and crises management firm Jack co-founded with celebrated New York lawyer Stanley Arkin, Devine has chronicled his life’s work for the government in “Good Hunting: A Spymaster’s Story” that now garners him the title “SpyMaster.”In a fascinating career spanning more than three decades with the CIA, Devine memorializes a life of intrigue, international adventure and sometimes danger, intertwined with and often influencing, great events in U.S. foreign policy history. From the toppling of Allende in Chile, to heading the internationally coordinated capture of narco-terrorist Pablo Escobar, to becoming task force chief of Congressman Charlie Wilson’s War, funneling Stinger missiles to the Mujahideen, which turns the tide of the conflict against the Russians in Afghanistan, Devine rises from a young field operative to CIA Director of Operations.With wife Pat and six unwitting kids in tow (who believe their Dad is an international businessman), the Devines travel from continent to continent and back, becoming the poster family of patriotism and dedication to public service. In direct counterpoint, Aldrich Ames, a member of the same CIA rookie class, betrays his country and those foreign double agents who trusted him, by selling out to U.S. enemies and compromising national security for millions in blood money, which he ultimately and involuntarily cashed in for a lifetime prison cell.Devine’s detailed life account trumpets a theme that is as relevant today as when he boarded the plane for his first foreign assignment: U.S. covert action is an instrumental sine qua non to keep those who threaten American freedom in check. As much a spy-thriller, a political science treatise and a love story, it is a must-read for the fully informed.
The announcement comes as statistics released this week by the ONS reveal that UK exports rose 10.4% to £627.6 billion between March 2017 and the end of February 2018, with increases in both goods and services and a £12.9 billion reduction in the trade deficit.A new report from HSBC also revealed that the export boom looks set to continue in the coming years, predicting that the value of UK exports of goods and services will rise by 22% by 2020, and double by 2030.DIT is the focal point for foreign investment capability across government, and helped attract a record 2,265 FDI projects in 2016 to 2017, up 2% on the previous year. This is estimated to have created or safeguarded more than 108,000 jobs.BackgroundThe invest.great.gov.uk site already provides a range of information to help international businesses invest in the UK. This includes details on: International Trade Secretary, Dr Liam Fox today announced his department will launch new content to promote more than £30 billion worth of FDI opportunities, which will help to drive growth across the UK.UK Invest, which is set to launch in the coming weeks, will make use of the Invest is GREAT website to publicise more than 60 opportunities across the country, and ensure the international investment community understand the rich breadth of the UK offer.Hosted on invest.great.gov.uk, the portfolio will provide a quick and simple signpost for international investors looking to gain access to or grow their existing holdings in the UK economy.The UK is the number one destination for inward investment in Europe. The portfolio will appeal to global investors who are attracted to the UK’s open, liberal economy, flexible and dynamic labour market, business-friendly taxation and regulation and strong, transparent rule of law.International Trade Secretary, Dr Liam Fox, said: As an international economic department, we have been building relationships with the world’s most important investment stakeholders, including sovereign wealth funds, pension funds and investor developers. UK Invest will work with every part of the UK to identify investment opportunities, and ensure the strong appetite for investing in the UK generates prosperity and jobs in every part of the country. how DIT can helps companies to build connections with businesses across their sectors in the UK advice on hiring staff from recruitment through to salary benchmarking unique insights into specific markets in the UK based on companies’ needs information on grants and incentives to help businesses grow in the UK assistance with visa applications and other immigration issues
Bakery ingredients manufacturer Puratos has launched an agroforestry project with PUR Projet. The initiative is part of its in-house Cacao-Trace scheme, a sustainable cocoa sourcing programme supporting cocoa smallholder farmers. Puratos is aiming to ensure business operations are carbon neutral by 2025.“Both Puratos and Cacao-Trace farmers benefit from the community-based approach to implement agroforestry models with cocoa parcels led by PUR Projet. The trees will capture CO2, helping Puratos to achieve its ambitious goal,” said Franck Cassé, environmental sustainability programme manager at Puratos.“The cocoa farmer benefits in three main ways: the shade reduces disease outbreaks and increases biodiversity to enhance cacao pollination, leading to a stabilisation of yields; it creates extra sources of revenue by selling the fruits; and the trees fertilise the soil, reducing expenses on fertilisers.”It will be implemented in five countries where Puratos sources cocoa: the Philippines, Papua New Guinea, Ivory Coast, Vietnam and Mexico (where the Cacao-Trace programme launched last month).Puratos will plant 300,000 trees a year until 2023, said the company. Planting is already underway in the Philippines and Vietnam. The aim is to create a business model resilient to climate change and improve farmers’ livelihoods.“Over the past decades we have seen extensive deforestation all over the world. The livelihoods of cocoa farmers are significantly impacted by the effects of climate change, which are accelerated by deforestation,” said Daniel Jongejan, senior program manager at PUR Projet.“Puratos is leading the way in undertaking actions to ensure cocoa will be available for the next generations to come by diversifying income sources of farmers and protecting natural resources.”Puratos has invested further in Mexico and a new post-harvest centre was erected in the state of Tabasco, which is the heart of the Mexican cocoa region, last month.This will run alongside newly built fermentation and drying facilities in Comalcalco. After the farmers collect Trinitario cocoa ‘en baba’ (fresh white cocoa beans), an expert team will oversee the fermentation process, which takes place in wooden boxes and lasts six days.The beans will then be gently sun-dried, bagged and stored in optimal conditions to preserve their quality.
The semi-annual Record Store Day tradition will return on Black Friday, November 25th, entreating music lovers everywhere to head out to local record stores for exclusive releases. With just a few weeks to go, RSD has released the full list of albums that will be available for that one day only!There are dozens of albums available, and the full list can be found here. There are entries from Jerry Garcia, Jimi Hendrix, Gary Clark Jr., The Kinks, The Beach Boys, The Budos Band, Ornette Coleman, Otis Redding, The Rolling Stones, Sesame Street (yes you read that right – Sesame Street is releasing an Abbey Road tribute album!), Frank Sinatra, The Sugarhill Gang, Yardbirds, The Paul Butterfield Blues Band, Frank Zappa and so many more! Unfortunately, contrary to initial reports, the first-ever Grateful Dead single does not appear to be included in the list.With so many great options, there’s no excuse not to get some sweet new vinyl on Record Store Day!
While the city of Denver has always had a lively music scene, one can easily say that Denver is in the midst of a sort of musical renaissance. With its breathtaking natural surroundings, vibrant community of artists, and the relatively recent introduction of the ultimate “x-factor,” legal weed, artists and fans alike have migrated to the Colorado capital at unprecedented rates. And with so much talent–and so many enthusiastic patrons of live music–all in one place, the possibilities for incredible collaborations are endless.Take this past Wednesday night, for instance. Adam Deitch had just returned home to Colorado after finishing up Lettuce tour in New York City last weekend. Joey Porter and Garrett Sayers of The Motet made their triumphant return to Denver after their nationwide Fall Tour with a 2-night blowout at The Ogden Theatre last weekend (featuring a set of their Halloween theme, Mixtape 1979) before heading west for a 3-night run in Oregon this weekend. But while they had a few days off from the road, these three stellar talents weren’t content to take time off from performing–not with so much talent on their home turf–so they convened their Deitch, Porter & Sayers trio side project for a mid-week performance at Ophelia’s Electric Soapbox.The performance saw the band run through a list of funk, dub, and jazz-fusion grooves, including takes on covers like Stevie Wonder‘s “All Day Sucker”, Lafayette Afro Rock Band‘s “Hihache”, and Bill Withers‘ “Kissing My Love” (with special guest Lyle Divinsky of The Motet on vocals). The evening also featured Garrett’s brother and Motet tenor sax player Drew Sayers playing DJ, spinning dub and roots jams.Most cities don’t offer so much space-funk magic on their best night. But in Denver, it was just another Wednesday.You can watch crowd-shot video of “Hihache” and “All Day Sucker” below courtesy of YouTube user Adam Smith.“Hihache” by Lafayette Afro Rock Band“All Day Sucker” by Stevie Wonder“Kissing My Love” by Bill Withers ft. Lyle Divinsky of The MotetAfter their performance in Eugene, OR last night, The Motet continue their Oregon run with a show at Portland’s Revolution Hall tonight and Ashland’s Armory tomorrow. For tickets, visit the band’s website.Adam Deitch will be back in action next month with Break Science. Get the low-down on Break Science’s upcoming Live Band run at Brooklyn Bowl December 16th-17th here.
Load remaining images NYC’s Brooklyn Bowl celebrated their 9th anniversary with the debut of a new project, (nO*sO*nO*) on Saturday, July 7th. The new trio was spearheaded specifically for the occasion by guitarist Eric Krasno (Soulive/Lettuce), who played at the venue’s opening night celebration nine years ago in addition to the opening nights of its offshoot venues in Las Vegas and London, and featured a pair of enigmatic instrumentalists in the rhythm section: drummer Joe Russo (Joe Russo’s Almost Dead) and bassist MonoNeon (Prince).While the three musicians have played together on many occasions in various other supergroup formations, Saturday night marked the first performance as a dedicated trio under this moniker. For most of the two-set performance, surprise guest keyboardist Peter Levin (Gregg Allman Band) added his own ivory flavors to the mix.Relying heavily on improvisation, (nO*sO*nO*) dug deep into the funk, jazz, and psychedelic rock catalogs. Covers of Jimi Hendrix‘s “Manic Depression”, The Beatles‘ “Get Back”, Billy Cobham‘s “Stratus”, and John Scofield‘s “Hottentot”, appeared throughout the free-flowing jams and captivated the audience with their supersonic chemistry.As of now, Saturday night was the only scheduled performance for (nO*sO*nO*). However, the excitement from both the band members and the crowd was high enough throughout the performance that we’re hopeful for at least a second round in the future. Watch the full two-set show below, courtesy of the Relix Channel on YouTube.(No*So*No*) ft. Eric Krasno, Joe Russo, & MonoNeon w/ Peter Levin – Full Set [Pro-Shot][Video: Relix]Thanks to taper McRoberts, you can also listen to full audio of the show below:[Audio: McRoberts]Check out the full gallery from (nO*sO*nO*)’s debut performance below, courtesy of photographer Andrew Blackstein.(nO*sO*nO*) | Brooklyn Bowl | Brooklyn, NY | 7/7/18 | Photos: Andrew Blackstein
As tropical storms and hurricanes pound the U.S. East Coast, homeowners listen closely to local weather broadcasts. Whether or not a record-breaking storm affects you, University of Georgia experts say having an emergency food supply on hand is always a good idea.”Flash floods, tropical storms, blizzards, whatever the disaster, it pays to be prepared,” said Elizabeth Andress, a food safety specialist with UGA Cooperative Extension. “Every family should have at least a three-day emergency food supply to fall back on.”Having an emergency food supply, she said, will ease some of the stress of emergencies and natural disasters.”Natural disasters can prevent you from running to the grocery store to pick up supplies for dinner,” Andress said.The size of your emergency food supply depends on the size of your family and home storage area. Select foods that are nonperishable and require no refrigeration, little or no cooking, and little or no water. “Chances are, if you’re in an emergency situation, you aren’t going to have the luxuries of electricity and running water,” Andress said.Include ready-to-eat canned meats, fruits and vegetables. Select containers that can be used in one meal or snack, since you most likely won’t be able to refrigerate leftovers.Add canned juices, soups and canned or powdered milk. Include bottled water for drinking and extra water for mixing powdered milk and diluting the soups. Supply enough fluids (milk, juice, water, etc.) so each family member has at least one gallon per day. “A person who’s normally active needs to drink at least two quarts of water each day, but hot environments can double that amount,” she said.Include staple foods, like sugar, salt and pepper, too, and high energy foods like peanut butter, jelly, crackers, granola bars and trail mix.”Don’t forget to throw in some comfort foods like cookies, hard candy, sweetened cereals and instant coffee and tea,” Andress said.When stocking your emergency supply, keep in mind any special needs. Have you included food items specifically for infants or elderly family members?Don’t forget to include a hand-operated can opener, scissors and a knife for opening canned foods and foods in foil or plastic pouches. Add disposable plates, cups and utensils, too.Be sure to date items and make a list of dates that items need to be rotated out. Canned foods can last two years, but for best quality, use them within one year, Andress said.Powdered milk may be stored 12 to 24 months. Use most other foods within one year, or rotate them out. Over time, replace any rusty, leaky, dented or bulging food cans.Place your emergency supply items together in a box and store it in a cool, dry place. Dry supplies should be stored above floor level.If an emergency causes a power outage, Andress says use any perishable items from your refrigerator first. Next, use foods from your freezer and finally begin using your emergency supply. “Eat refrigerated foods like meat, poultry, fish, eggs, milk, cheeses, deli items and leftovers only if they have not been above 40 degrees Fahrenheit. for two hours,” she said. “Discard them if the power is off for more than four hours.”Condiments like jelly, ketchup, mustard and mayonnaise last a little longer, she said.“Eat frozen foods only if they have ice crystals remaining or if the temperature of the freezer has remained at 40 F. or below,” Andress said. “Covering the freezer with blankets will help to hold in the cold. Be sure to pin blankets back so that the air vent is not covered.”
The Semarang administration in Central Java has decided to extend its social-restriction policy for two weeks following the discovery of 17 COVID-19 cases in three newly emerged clusters in the city.Semarang Mayor Hendrar Prihadi said the restriction policy would remain in place until June 7. The administration had previously intended to end the measures on May 24, about a month after their implementation on April 27.”We saw declining COVID-19 cases in the first two weeks of the policy’s implementation […] But over the past two days, Semarang residents seem to have ignored the fact that they’re still living with COVID-19 and have chosen to go out of their homes to prepare for Idul Fitri celebrations,” Hendrar said on Thursday evening. Semarang imposed “public activity restriction” measures, similar to the large-scale social restrictions (PSBB) imposed in dozens of regions throughout the archipelago, to stem the spread of the virus.On the first day that the policy was in force, Semarang recorded 138 daily cases. The figure decreased to 47 on the 14th day of the policy. The curve, however, appears to have risen again with the emergence of three new clusters, Hendrar said.Read also: COVID-19: Java on ‘red alert’ as deaths spikeThe clusters originated in a market, an informal education institution and a hospital, he explained. Eight people tested positive for the virus in a series of random swab tests in a market.”We are investigating the case further,” he added.The authorities plan to carry out additional rapid and polymerase chain reaction (PCR) tests in crowded areas like shopping centers.If they find positive cases in a specific area, they will close it for sterilization. Semarang will close its borders to people arriving from red zones, including Jakarta, West Java and East Java, to comply with the central government’s mudik (exodus) ban and further contain the spread of the virus, Hendrar added. (vny)Topics :