Purplebricks shares drop by 6% following BBC investigation

first_imgShares in hybrid estate agent Purplebricks dropped by nearly 6% following the BBC’s Your and Yours programme in which the company’s CEO Michael Bruce defended claims that it had made misleading claims to customers.Following the programme, which was broadcast at a 12.15pm yesterday on Radio 4, the Purplebricks PLC share price dropped from a high of £4.78p to £3.92p before rallying at 4.38p.Purplebricks’ share price has been dropping since July 24th when it peaked at an all-time high of £5.13p, but today has been one of the more dramatic drops, dipping by 5.77% or 26.9p in one afternoon.On 5th July Purplebricks faced criticism from the Advertising Standards Authority following a complaint from West Sussex estate agent Arun Estates, which had complained to the ASA about ‘fees saved’ case studies on the Purplebricks website which it believed were misleading under ASA advertising codes. The complaint was upheld.During the You & Yours programme presenter Winifred Robinson claimed the hybrid estate agent has been making “exaggerated claims that it’s already been banned from making by the advertising regulator” in emails to existing and potential customers seen by the BBC programme Watchdog.Purplebricks has been censured six times over the past year by the ASA, including claims made about how much vendors can save if they chose Purplebricks rather than a traditional high street agent.During the investigation into Purplebricks, it was discovered that vendors who defer their up-front payment to Purplebricks were then entering into a credit agreement or loan with lender Close Brothers, something the company’s agents or LPEs failed to tell vendors in three out of five cases, the BBC found.Number of listingsThe BBC also recorded an LPE claiming to one investigator that he listed 20-25 properties a month and that 92% of these were sold, but it was discovered he was listing 8-11 a month.NAEA spokesman Paul Walsh told the programme that such claims were at risk of being in breach of consumer protection and trading regulations, and were also likely to be in beach of Property Ombudsman regulations as well.Michael Bruce, Purplebricks’ CEO, told the You and Yours programme that “at the time those [email] claims were made we took that reference down from over 1,000 different places where it appeared and it has [now] appeared in one place and I was informed about that last night and within an hour it was taken down.”Responding to the claims that Purplebricks had not told some customers about the Close Brothers’ ‘loan’ credit agreements, Michael Bruce told the programme that it was instead a “facility agreement” and therefore not a regulated product and that customers had to click online to agree to the terms.Details of the full BBC investigation will be revealed in tonight’s Watchdog programme on BBC1 tonight at 8pm.Purplebricks Michael Bruce Purplebricks share price BBC purplebricks Winifred Robinson Your and Yours August 2, 2017Nigel LewisOne commentChris Arnold, Agency Negotiation Agency Negotiation 2nd August 2017 at 9:24 pmCouldn’t happen to a nicer company. Might stem the rush by uneducated estate agents to join this slightly rubbish band of hucksters.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 » Purplebricks shares drop by 6% following BBC investigation previous nextAgencies & PeoplePurplebricks shares drop by 6% following BBC investigationYour and Yours Radio 4 programme this afternoon and tonight’s Watchdog TV show both look into aspects of Purplebricks’ offering.Nigel Lewis2nd August 20171 Comment28,587 Viewslast_img read more

Listen To Recess’s Debut EP ‘Brothel Gospel,’ Streaming In Full [Premiere]

first_imgFounded in 2014, RECESS continues to impress fans with an infectious blend of electro, funk and soul, powered by the duo of Ian Gilley (keyboardist) and Drew Birch (guitar/production). After jamming together, the two have been inspired to produce new music, inspired by all sorts of styles including the late great J. Dilla. Two years later, the duo are finally ready to release The Brothel Gospel, their debut EP.Listen to the great five-track release below, and scroll down to read out more about this exciting band and new release from Birch himself! You can also order the album via iTunes.L4LM: Your band has seen enormous growth since its foundation in 2014. How did the project form?Drew Birch: We met in elementary school and linked back up after college. Both of us worked on music in our spare time but we weren’t taking it as seriously as we are now. There were a couple songs I had never released that we embellished on and then the rest we made together. A few weeks later, we snagged all of our gear, headed to a studio on the outskirts of town and just started writing. No expectations, no format… just started working on music.L4LM: Where does the name RECESS come from?DB: We wrote a song with organ and guitar licks that kind of bounced back and fourth that never made it to the album. We originally named it ‘RECESS’ because of the loose playful banter between the instruments. Recess is normally associated with high energy and fun so it just fit the style.L4LM: Your new album has a lot of J. Dilla influences, including the track “MicroDilla.” What is it about Dilla’s music that influenced you, and how do you bring those influences to light on Brothel Gospel while maintaining your own unique voice?DB: Most producers have a background in hip hop. I think that’s where it all starts, a classic 90 bpm track that can really flow in any direction musically.  Once you start getting into sampling and drums, you find the producers that you just click with. It’s not just about Dilla, there are a lot of producers out there that have that bounce or that raw sample selection… once you find those guys, you realize it’s about presentation and vibe. Letting the drums and bass swing a bit and fit into a lazy pocket just has more flow.L4LM: Can you describe the Brothel Gospel sound?DB: The name sort of blossomed from writing these grimy organ church chords over melancholic guitar lines, so we try and keep that theme prevalent throughout the album regardless of the vibes of the track. How will that translate into live performances?DB: We have some call and response licks we play together that sort of lets each instrument preach its gospel per se.  You’re essentially speaking a language to an audience through your instrument and that’s what we try to do in a live setting too.last_img read more

Arsenal boss cautions ahead fans return to Stadium

first_img FacebookTwitterWhatsAppEmail分享 “We are all desperate to have our people back in the stadiums and make football what it is again. “But obviously we have to create a safe environment for people to join and my opinion is that it would be gradual. The sooner the better, but let’s be careful.” Arteta it will be recalled was among the first of EPL stakeholders to test positive to the coronavirus that is still holding the entire world to the jugular four months down the line. Many are baffled that the world in spite of the much talked about super power and scientific advancement is still in limbo over how best to tackle the pandemic. Read Also‘No magic’ recovery for Arsenal without spending, warns Arteta The virus which has its origin in Wuhan China has not only removed most of the fun associated with sports and entertainment, but has also crippled economies throwing many out of job and depriving others of their source of livelihood. Promoted Content5 Of The World’s Most Unique Theme ParksWhich Country Is The Most Romantic In The World?14 Hilarious Comics Made By Women You Need To Follow Right Now7 Universities Where Getting An Education Costs A Hefty PennyWho’s The Best Car Manufacturer Of All Time?Who Is The Most Powerful Woman On Earth?Portuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Universities In The World Where Education Costs Too MuchLil Nas X Is About To Beat A World Record!Couples Who Celebrated Their Union In A Unique, Unforgettable WayThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Things You Didn’t Know About Coffee Arsenal head coach Mikel Arteta has welcomed the decision to re-open stadiums in October but has urged for caution and safety in doing so. The government has paved the way for fans to return to stadiums from October after Prime Minister Boris Johnson outlined the next steps to ease coronavirus restrictions. The Prime Minister said trials would begin to see larger gatherings occur in places like sports stadiums as well as announcing most remaining leisure centres would be allowed to reopen on August 1. Mass gatherings at sports grounds have been banned since March as part of social distancing measures brought in to combat the pandemic Arteta, whose Arsenal side face Manchester City in an FA Cup semi-final on Saturday, welcomed the announcement but said it was important to be cautious “Obviously things are evolving differently in different countries,” Arteta said. “I think we have to be patient.Advertisement Loading… last_img read more

Charley Hull shoots 68 in Kraft Nabisco

first_img Charley makes the cut in Kraft Nabisco 31 March 2012 Top England amateur Charley Hull has impressively made the halfway cut the Kraft Nabisco Championship in California. The 16-year-old, who is playing in her first Major, qualified for the weekend right on the cut mark, at four-over par. Charley, the fifth-ranked amateur in the world, had four bogeys, one double and one birdie as she compiled a second round 77. But, coupled with her opening round of one-under 71, it was good enough to keep her in the championship. The Woburn player is one of four amateurs to make the cut, alongside a Thai golfer and two Americans. The championship is led at the halfway stage by world number one Yani Tseng. After the second round, Charley told her Twitter followers “Played bad today but made the cut.” She said she tried to hit too hard under pressure but added: “I know how to smooth things out, take one more club and swing soft!” English professionals to make the cut were Jodi Ewart on two-under, Karen Stupples on one-over and Melissa Reid on three-over.   England’s world number five amateur, Charley Hull, shot up the leaderboard in the Kraft Nabisco Championship in California with a superb four-under par 68 in the third round. It lifted the 16-year-old into a share of 37th place in the first Major of the season, ahead of such players as Morgan Pressel, Caroline Hedwall, Melissa Reid and Karen Stupples. The Woburn player, who is now level par for the championship, noted her score on Twitter with the very expressive hashtag “Boom.” She also told her followers: “I’m gaining loads of experience this week playing in my first professional and my first Major championship!” Charley’s impressive performance began with a round of one-under 71, followed by 77 and now 68. Her latest score included five birdies and just one bogey. She’s just one-shot behind the two leading amateurs, Ariya Jutanugarn of Thailand and Austin Ernst of the USA. Meanwhile, the championship is jointly led by world number one Yani Tseng and Karin Sjodin of Sweden who are both nine-under par. 30 Mar 2012 Charley Hull shoots 68 in Kraft Nabisco center_img Flying start for Charley at Kraft Nabisco 30 March 2012 England’s Charley Hull made a flying start to her first Major when she birdied the first hole at the Kraft Nabisco Championship in California – on her way to a one-under 71 in the opening round. Charley, who has just been promoted to fifth in the world amateur rankings, is in a share of 18th place and five shots behind the first round leader, Amy Yang. She’s in top class company, just three shots behind world number one Yani Tseng two behind Paula Creamer – and England’s Jodi Ewart – and one ahead of teenage sensation Lexi Thompson. After her round, Charley, 16, told the LPGA about her dream start: “I birdied my first ever hole of my first ever major, and that was my first ever pro tournament, so I was pretty chuffed with that. “It was really good. The next hole I just forgot about it and just carried on playing golf. It just got me up and excited.” The Woburn player explained that she had set out to cope with playing on such a big stage by keeping things simple. “It’s hard to take it all in, but I’m just trying to concentrate, not try and do anything different to upset my routine,” she said. Charley’s scorecard looked very neat, with birdies on the first and sixth and a solitary bogey on the fourth. But she later tweeted: “Left so much out there!”   Meanwhile, Charley moved up to fifth when this week’s world amateur golf rankings were announced. It’s her highest ranking so far. It’s been quite a week for Charley, who was earlier selected for the GB&I Curtis Cup team, after much controversy. The Ladies Golf Union had originally said that she made herself unavailable for selection by accepting her invitation to the Kraft Nabisco championship, instead of playing in a team trial. But the selectors overturned that decision. The team was announced while she was in the States and Charley has spoken of her pleasure to the USGA: “I’m overwhelmed. I’m so happy, and I’d like to thank all the selectors. It should be great. We’ve got a great captain, Teg, so I’m really looking forward to it. “I’m back on the team now. I was upset, obviously, but now I’m really happy that I’m back in it. Now it’s history. I didn’t think they were going to change it for me, but I’m glad they did. I can’t wait for Nairn.” Image: copyright leaderboardphotography.comlast_img read more