UBS reviews listed agencies

first_imgAs share prices rose and fell in the post Brexit turmoil, UBS reported on estate agencies listed on the stock market, recommending ‘buy’ for Foxtons and Savills; leaving Countrywide at ‘neutral’ and suggesting ‘sell’ for Purplebricks.The Swiss bank expects UK wide housing transactions to fall 6 per cent this year and 5 per cent the next – with a 10 per cent drop in London in 2017. It believes that online-only agents are structurally altering the landscape of the sector and are gaining significant market share as consumer awareness and willingness to consider using them grows.UBS says that conventional agents most able to differentiate themselves, such as Foxtons and Savills, justify a premium price and will be most successful in withstanding the changes.The bank added that the UK referendum result added significant uncertainty, in particular for the London housing market and it has factored in a declining market in the second half of this year and 2017 within its forecasts. However, in the medium term, it sees organic growth potential at Foxtons, driven by a rollout of five to seven new branches per year.On the other hand, it sees Countrywide most at risk from this shift, with pressure on commissions over the last six years indicative of its limited ability to respond to online competition.On Purplebricks, UBS said, “With the business not yet in profit and on EV/sales of 18x we see valuation risks. The model has been proven fit for growth, but the self-employed nature of franchisees, as well as the large revenue cut that Purplebricks takes from its franchisees, for us creates question marks around scalability. There are also significant costs associated with growing a web-based company.”listed agencies stock market share prices UBS August 19, 2016The 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 » UBS reviews listed agencies previous nextProducts & ServicesUBS reviews listed agenciesThe Negotiator19th August 20160549 Viewslast_img read more

GSAS honors four alumni

first_imgThe Centennial Medal is the highest honor awarded by the Graduate School of Arts and Sciences (GSAS), given annually on the day before Commencement to celebrate the achievements of a select group of Harvard University’s most accomplished alumni. The medal was first awarded in June 1989, on the occasion of the 100th anniversary of the founding of GSAS.Everett MendelsohnEverett Mendelsohn, Ph.D. ’60, history of science, is emeritus professor of the history of science at Harvard University, where he has been on the faculty since 1960. He is a pioneering figure in the history of the life sciences, having founded the Journal of the History of Biology in 1968. His work has also explored the social and sociological history of science, especially in the modern era. He is past president of the International Council for Science Policy Studies and has been deeply involved in the relations between science and modern warfare as a founder of the American Association for the Advancement of Science’s Committee on Science, Arms Control, and National Security, and of the American Academy of Arts and Science’s Committee on International Security Studies. Mendelsohn is the former master of Dudley House, the Graduate School of Arts and Sciences student center, and is a longtime advocate of the importance of mentoring at the graduate student level — so much so that the Graduate Student Council named its annual mentoring award in his honor. For decades, he has contributed to Middle East peace and reconciliation efforts, leading committees of the American Academy of Arts and Sciences and the American Friends Service Committee.Arnold RampersadArnold Rampersad, Ph.D. ’73, English, is professor of English and the Sara Hart Kimball Professor in the Humanities Emeritus at Stanford University. He is considered the leading biographer of African-American writers and cultural figures, and his body of work — which includes essential and groundbreaking studies of Ralph Ellison, Langston Hughes, and W.E.B. Du Bois, as well as a biography of Jackie Robinson and a memoir collaboration with Arthur Ashe — was recognized with the National Humanities Medal in 2010 and with the 2012 Anisfield-Wolf Book Awards Lifetime Achievement Award, a juried competition recognizing contributions to our understanding of racism and diversity. Rampersad joined the Stanford faculty in 1975 and stayed until 1983, when he left for a position at Rutgers University. He went on to teach at Columbia and Princeton, before returning to Stanford in 1998. His teaching and research focus on 19th- and 20th-century American literature; American autobiography; race and American literature; and African-American literature. He is an elected member of the American Academy of Arts and Sciences and the American Philosophical Society, and he held a MacArthur fellowship from 1991 to 1996.Louise RichardsonLouise Richardson, Ph.D. ’89, government, is the principal and vice chancellor of the University of St. Andrews in Scotland, a title equivalent to that of president at U.S. institutions. She was an assistant and then associate professor of government at Harvard for 12 years and head tutor in the department for eight of those years, responsible for overseeing the large undergraduate program. In 2001 she became executive dean of the Radcliffe Institute for Advanced Study and was instrumental in the transformation of Radcliffe into an interdisciplinary center promoting scholarship across a wide range of academic fields and the creative arts. In her scholarship and teaching, she has specialized in international security with an emphasis on terrorist movements, forming a reputation as a leader in the field when few other scholars were tuning in to its importance. For many years, she taught Harvard’s only courses on terrorism, including the large and popular undergraduate lecture course “Terrorist Movements in International Relations.” She is the author of “What Terrorists Want: Understanding the Enemy, Containing the Threat” (2006), the editor of “The Roots of Terrorism” (2006), and the co-editor of “Democracy and Counter-Terrorism: Lessons from the Past” (2007), among other books, journal articles, and book chapters. In 2011, she was appointed to the Scottish government’s Council of Economic Advisers.Sherry TurkleSherry Turkle, A.B. ’69, Ph.D. ’76, sociology, is the Abby Rockefeller Mauzé Professor of the Social Studies of Science and Technology at the Massachusetts Institute of Technology (MIT) and the founder and director of the MIT Initiative on Technology and Self. She has been called “the leading anthropologist of cyberspace,” with a landmark body of work that explores how technology is shaping our society and ourselves. A licensed clinical psychologist and an expert on mobile technology, social networking, and sociable robotics, Turkle has been thinking and writing about people’s relationships with computers since at least as early as 1984; that year, her book “The Second Self: Computers and the Human Spirit” looked at how MIT students were beginning to use computers as metaphors for their own minds. She drew wide attention in 2011 with “Alone Together: Why We Expect More from Technology and Less from Each Other,” which argued that digital connectedness is impoverishing human relationships. She is also the author of “Simulation and Its Discontents” (2009) and “Life on the Screen: Identity in the Age of the Internet” (1995), among other books, edited collections, chapters, and articles. She is a sought-after media commentator and the subject of profiles in such publications as the The New York Times, Scientific American, and Wired.last_img read more

Easysland back to Cheltenham on Friday | Racing News

first_imgEasysland will try to make it three wins from as many appearances at Cheltenham when he returns to Britain for the Glenfarclas Cross Country Handicap Chase on Friday.Trained in France by David Cottin, the six-year-old is the new kid on the block in that sphere, having toppled Tiger Roll with a dominant performance at the Festival in March.- Advertisement – “The plan is to come to Cheltenham,” said McManus’ racing manager, Frank Berry.“”Everyone is very happy with him. It will be nice to see him back there, and the ground and everything should be good.“With a bit of luck he’ll stay in one piece and give a good account of himself.”- Advertisement – Easysland had impressed on his first visit to the Cotswolds in December after winning the Grand Steeplechase Cross Country de Compiegne in November.It was after his first win at Cheltenham that owner JP McManus stepped in to buy the gelding.Connections have decided to bypass Compiegne this year and go to Cheltenham instead – where he could face an early rematch with Tiger Roll.- Advertisement –center_img – Advertisement –last_img read more