Is Axel Springer about to launch takeover bid for Purplebricks?

first_imgTroubled City investment fund manager Neil Woodford has reduced his holdings in Purplebricks.Woodford Investment Management Ltd yesterday dropped its stock by nearly five million shares in the hybrid agency, helping the fund liquidate assets worth £5.97 million.Speculation was rife in the City yesterday afternoon that the sell-off by the fund manager pointed to a full takeover of Purplebricks by another large shareholder in the company, Axel Springer.Last week shares in Purplebricks jumped from £1.25 to £1.32p a share on the news that Axel Springer had been sounding out other shareholders in the company to see if they would be willing to sell their stock.Shares leapAxel Springer has chosen its moment well; Neil Woodford’s fund has been cutting its stakes in a number of London-listed stocks recently after the star fund manager controversially suspended withdrawals from his equity fund to give himself time to raise cash to pay back investors.But Axel Springer is not the only company sniffing around the beleaguered hybrid agency.As The Negotiator reported in May, a US equity fund called Francisco Partners was rumoured to be considering a takeover of Purplebricks.Also, another UK fund, Toscafund Management, has been busy hoovering up Purplebricks shares as well in recent months most likely to cash in should there be a takeover bid for Purplebricks.  54,120,585Purplebricks Neil Woodford axel springer September 20, 2019Nigel 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 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 » Is Axel Springer about to launch takeover bid for Purplebricks? previous nextAgencies & PeopleIs Axel Springer about to launch takeover bid for Purplebricks?Substantial stock sell-off by troubled City fund manager Neil Woodford of his share holdings in Purplebricks points to potential future bid.Nigel Lewis20th September 201902,233 Viewslast_img read more

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LAPINSKI, THOMAS KENNETH

first_img83, died on August 3, 2017 at the Jersey Shore Medical Center, surrounded by his family. Thomas was born in Bayonne, and resided there until 1999, when he moved to Manahawkin, NJ. He worked for the Hudson County Prosecutor’s Office as a Homicide Detective for 15 years. Prior to that he was a Detective for the Port Authority of New York & New Jersey for over 25 years. He proudly served his country in the U.S. Army during the Korean Conflict (1954-1956). Husband of Claire (nee: Murray). Father of Denise Lapinski Bock and her Husband Thomas, Kevin Kenneth Lapinski and his Wife Susan, and the late Karen Lynn Lapinski. Grandfather of Lauren Bock, Alexandra Bock, Jillian Lapinski, and Kevin J. Lapinski. Brother of Frances Larson and her Husband Arthur, Barbara Dunwoody and her late Husband Richard, and the late Carole VanSant and her surviving Husband George. He is also survived by several Nieces & Nephews. He was predeceased by his Parents Estelle (Nee: Elchak) and Thomas Lapinski. Funeral arrangements by G. KEENEN O’BRIEN Funeral Home, 984 Avenue C.last_img read more

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Planning Board Denies Proposed Office Building on Ninth Street Corridor

first_imgBy Donald WittkowskiAssailed as an oversized “monstrosity” by its critics, a proposed $2 million real estate office that would have been a new commercial centerpiece for the main gateway into town was rejected Wednesday night by Ocean City planners.The 7-2 Planning Board vote against the corporate headquarters proposed by the Keller Williams realty firm capped a two-hour hearing punctuated by strong opposition and harsh comments from members of the public.“I feel this building is a monstrosity. It’s too big,” Ocean City resident Marie Hayes said in remarks that were echoed by other critics.Despite the board’s denial of his project, Keller Williams owner Paul Chiolo said he would not give up on his efforts to develop the site. The office building would occupy a prominent location at the foot of the Ninth Street corridor, the main route to the beaches, Boardwalk and other tourist attractions in the center of town.“It is our intention to continue on with that site,” Chiolo said in an interview after the meeting.Chiolo stressed that he was “very disappointed” with the outcome and noted he planned to sit down with his attorney Thursday to consider his options. He did not indicate whether he would consider filing a lawsuit to challenge the vote.“It was very disappointing. Of course, I’m surprised,” he said. “We had every intention of doing something very beautiful for the city.”An architectural rendering depicts the proposed Keller Williams office.In a presentation to the Planning Board, Chiolo’s representatives characterized the project as an “aesthetically pleasing” building that would enhance the Ninth Street entrance off the Route 52 Causeway bridge into the city.“We think this has the potential to be a landmark fairly near the foot of the bridge,” said Chiolo’s architect, George Wray Thomas.Thomas also called the office building the “perfect use” for the site.“There’s no square peg in a round hole whatsoever,” he said.Keller Williams proposed building the office on land formerly occupied by an abandoned and blighted Exxon gas station that had marred the appearance of the Ninth Street entryway for years. The company bought the site at the corner of Ninth Street and Bay Avenue for $500,000 and demolished the old Exxon station to make room for construction.Planning Board approval was needed for the project’s site plan as well as four zoning variances sought by Keller Williams, primarily for parking accommodations and access to the office complex.Planning Board members voted 7-2 to reject the project after expressing concerns about traffic and parking.Board members who voted against the project expressed skepticism about the parking plans and the proposed traffic flow in and out of the site. They also voiced concerns that vehicular traffic generated by the office could create a danger for pedestrians and bicyclists using the nearby walkway along the Route 52 Causeway bridge.“I’m just not sold on it,” board member Robert Becher said while casting his no vote.Michael Allegretto, the city’s director of Community Services and Mayor Jay Gillian’s designee on the Planning Board, questioned why Keller Williams had not performed a traffic study for the site. Allegretto noted that the corner of Ninth Street and Bay Avenue, where the project is proposed, is a busy intersection in town.Avery Teitler, Chiolo’s attorney, told Allegretto that a traffic study was not required for the project. Gary Griffith, the Planning Board’s solicitor, agreed with Teitler.However, the board members who opposed the project, including Allegretto, repeatedly cited their concerns about traffic flow. In addition, the board members doubted whether Keller Williams’ parking plan would be adequate for the office complex.“I don’t see it functioning,” John Loeper, the board chairman, said while criticizing the parking plan during his no vote.Members of the public who addressed the board were overwhelmingly opposed to the project. They said they feared the office building would exacerbate traffic congestion on Ninth Street and could pose a danger to pedestrians and bikers using the Route 52 Causeway bridge.The biggest concern cited by opponents, though, was the building’s size. Keller Williams has proposed a two-story office containing 6,000 square feet of space. One critic said the building would have been 38 feet high, the height of a three-story structure.“I think that the building is overwhelming for the site,” said Ocean City resident Michael Hinchman, a former president of Fairness In Taxes, a local government watchdog group.Mary Trueman, another local resident, told the Planning Board, “The last thing you would want to do is put a gigantic building on the corner.”Keller Williams’ attorney Avery Teitler, left, and architect George Wray Thomas described the project in glowing terms.Wray and Teitler responded to criticism of the building’s size by noting that Keller Williams had the option under the city’s zoning laws to develop a larger structure. They said the building would be well below the mass density that is allowed.“It’s not a maxed-out building,” Teitler said. “It’s not a monstrous building for that property.”Ever since Keller Williams announced its project last year, there has been debate whether an office building would be the best use for the site.Removal of the blighted former Exxon site is a key piece of the city’s overall plan to beautify the Ninth Street corridor from the bay to the Boardwalk, creating a far more appealing first impression for visitors arriving in town via the Route 52 Causeway bridge.Originally, Mayor Gillian wanted to convert the old Exxon site into landscaped green space. But during a town hall meeting in October to discuss ideas for redeveloping the Ninth Street corridor, Gillian seemed to endorse the Keller Williams project by calling it a “beautiful place.”Asked whether Keller Williams would consider selling the old Exxon site to the city now that the Planning Board has rejected its project, Chiolo said he “never even thought of that as an option.” Paul Chiolo, owner of Keller Williams, will consult with his architect and engineer about possible changes to the project.last_img read more

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Heritage Ministries Appoints New Chief Financial Officer, Greg Fernandez

first_imgGERRY — Heritage Ministries has named a new chief financial officer from Syracuse, according to Lisa Haglund, president and CEO of Heritage Ministries.Greg Fernandez, CPA, MBA, has been named Chief Financial Officer of the organization. Fernandez comes to Heritage with a background of more than 38 years in financial management, previously serving as a consultant for ProNexus, and CFO of Franciscan Management Services in Syracuse.“We welcome Greg’s expertise as we look forward to the future, knowing that he will work alongside our dedicated teams to support the Heritage mission,” Haglund said. “His experience in not-for-profit financial management will help Heritage to maintain a strong and healthy future as we work each day to promote hope, dignity, and purposeful living to all those entrusted to our care.”Fernandez obtained both his bachelor’s in accounting and his master’s in business administration from LeMoyne College and has been engaged with Heritage as the interim CFO since May 2020. In his role, Fernandez will be responsible for the oversight of all financial operations at Heritage and its affiliates, nationwide. “I am excited to join Heritage Charitable Care Ministries as the permanent Chief Financial Officer. I am looking forward to working alongside all of the wonderful, dedicated employees that contribute to the compassionate mission of Heritage,” Fernandez said.He currently resides in Syracuse with his wife Barbara. They have two sons, Gregory and Michael. Fernandez also serves as a member of the Supervisory Committee for the Empower Federal Credit Union. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

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Watch Darren Criss Sing Full Studio Version of ‘Not Alone’

View Comments Darren Criss Star Files Broadway.com Audience Choice Award winner Darren Criss has a lovely holiday surprise for his legion of fans! Check out below a fully produced version of his track “Not Alone.” The Hedwig and Glee favorite explained in a Facebook post: “Many of you have been wondering for years where a full-length album is. I can promise that while I’ve been continually working towards putting one out, I have equally been primarily focused on making it a body of work that I’m proud of. I have in fact, written and recorded dozens of songs, but a majority of them haven’t felt quite ready. However, a track that always stood out on its own was a full studio version of ‘Not Alone.'” We can’t wait to hear the whole album when it’s complete! read more

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Storms Buoy Farmers

first_imgShurley calls peanut situation as stable as he’s ever seen it. “Supply and demand are fairlyequal right now,” he said. “That should keep prices for peanut products about the same atthe grocery store.” As the sun peeked through the clouds after late-April storms swept through Georgia,farmers who rely on rainfall to water their crops could see a ray of hope. Hudson tells farmers to check their fields even closer. “Research shows that if a farmerfinds insects in his fields at this time, he could lose significant yield,” he said. The mild winter and dry spring made insects worse in corn this year, and “these rains willmask some of their damage,” said extension entomologist Randy Hudson. Extension economist George Shumaker said for many farmers, soybeans are an attractivecrop. “They can use the same equipment in corn and soybeans,” he said. “And theprofitability potential is good. Georgia farmers don’t raise enough corn or soybeans to significantly affect nationalmarkets, Shumaker said. These two crops are used mainly as livestock feeds. Level cornand soybean prices can help keep meat prices level, too. Planting at the perfect time has another advantage, too. “This latest rainfall during the weekend of April 26-28 is perfect,” he said. “As fields dryout and farmers can plant, it puts them in the field during the optimal planting time tominimize the risk of tomato spotted wilt.” This killer virus can wipe out half a peanut crop. Once the soil has enough moisture to make the seed germinate and break the surface,Beasley said the young plants can grow for several weeks without more rain withoutjeopardizing the final yield. “The corn crop is mostly planted,” he said. “Dry conditions prior to last weekend mayswitch acreage to soybeans or cotton. Now that moisture has returned, better contractsmay attract more peanut acreage as well.” “Contract prices for both quota and additional peanuts have increased in recent weeks,”said Don Shurley, an extension economist. “The best prices I’ve seen so far this year are$650/ton for quota and $350/ton for additionals.” Beasley said most of the peanut belt got up to 4 inches of rain during the last full week ofApril. That was enough to moisten the top two to three inches of soil — near-perfectplanting conditions. For farmers with corn already in the field, the rains could make them miss potentiallyserious insect problems. In all, peanuts, corn, cotton and soybeans directly add $1.36 billion to Georgia’s economy. “But some land could go into cotton, too,” he said. “This latest rain should add someenthusiasm to the markets that most thought had peaked.” Shurley said dry, cooler weather earlier in April may have changed some farmers’ plantingdecisions. What do the late-April rains mean to consumers? If anything, the experts say it will keepprices about the same. “That’s exactly what we needed to get farmers into their fields and planting peanuts,” hesaid. “The rains couldn’t have come at a better time for peanut growers,” said John Beasley, anagronomist with the University of Georgia Extension Service. “We almost went fromfamine to feast, though.”last_img read more

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Trail Mix | Tommy Womack

first_imgPlaying with house money.I am sometimes bandy that about when chatting with (or about) people who have had near brushes with death. Folks and friends who, just maybe, missed that trip through the long black veil by sheer luck, happenstance, or divine intervention.We all know someone like that.Tommy Womack sure fits the bill. Having once defied the odds by kicking addiction in 2012, Womack was involved in a horrifying car crash in June of last year when his Nissan Sentra was t-boned by a tractor trailer truck while on tour in Kentucky.By all accounts, Womack shouldn’t be here. But he battled back (again) and – thankfully – the stark and witty songwriting that has won him a loyal and fervent fan base continues on his new record, Namaste.Tommy Womack recently took the time to chat with me about the new record, giving thanks, and good coffee.namasteBRO – Considering the year you have had, the power of your album cover is not lost on me. For what are you giving thanks each day?TW – I’m giving thanks for a lot, but here’s one specific thing. I’ve driven thousands of miles in every state of mind imaginable. Never wrecked. I’ve been sober for four years. So if I had to have a wreck, I’m thankful it happened NOW, when there wasn’t a joint in the ashtray and no half-empty bottle rolling around on the floorboard.BRO – In truth, I had no idea what “namaste” meant when I got your record. I had to look it up. Knowing what it means now, it seems like we could all use an extra dose of that spirit.TW – The whole world needs a dose of that spirit. I’m religious but I’m not religious about it. I do believe in spirit, and I believe in people.BRO – How did songwriting help in your recovery?TW – Well, you know, I don’t know if it did specifically. It’s just something I do now and then and when I’ve done enough, I go into the studio and make a record. I try not to question why I do it anymore, or how. Probably, buying a good new La-Z Boy helped my recovery as much as anything.BRO –  I really enjoy your Monday Morning Cup of Coffee feature, which I follow on Youtube. What makes for your favorite cup of coffee?TW – Coffee’s like the last best drug. I actually go to bed feeling excited about waking up and having that first cup. The brain jump-starts and it’s a new day. Everything is fresh. That’s the best cup.BRO – We are featuring “End Of The Line” on this month’s Trail Mix. If I may speak for fans of yours everywhere, we sure hope Namaste isn’t yours.TW – Thank you. Every record I make, I promise myself it’s the last one. No more of this foolishness. But it never sticks. John Prine says if you think breaking into show business is hard, try breaking out! And, as Billy Joe Shaver says, there’s nobody quit to.Tommy Womack heads back to the stage in early August with shows in Nashville and Chattanooga. For more information on Tommy Womack, the new record, or when he will be coming to a stage near you, check out his website. And, for you fans of coffee and witticism out there, make sure you follow Tommy’s Monday Morning Cup of Coffee.Also, be sure to check out “End Of The Line” on this month’s Trail Mix.Photo by Stacie Huckeba.More from the Trail Mix blog:last_img read more

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YOUR RIGHT TO KNOW: State gets new government transparency leader

first_img“Open and transparent government is a priority of Governor Cuomo and I look forward to working with the Committee to continue to highlight the importance of the Freedom of Information, Open Meetings and Personal Privacy Protection Laws,” Bewlay said in a statement announcing her appointment Monday.Bewlay has a challenging task ahead of her.She’s works in a state with a long history of political corruption and secrecy. The era of electronic communication makes it more challenging to access records and easier for public officials to hide communications and records. The decline of local media and its ability to serve as effectively as government watchdogs as it did in the past has resulted in less direct oversight of government malfeasance when it comes to open government laws. And we’re living in a political atmosphere in which personal privacy is arm-wrestling against public disclosure.She’ll also face the challenge of trying to maintain independence from the executive branch of state government run by a powerful governor. Freeman often clashed with leaders in his own government, yet had managed to maintain a healthy independence under both Republican and Democratic governors over several decades, in large part because of his popularity with the press and public due to his vigorous grassroots-level opposition to government secrecy.As citizens, we must hope that Ms. Bewlay continues the strong tradition of the Committee on Open Government’s independence, advocacy for legislation that supports public disclosure and support for the public’s right to know.Click here to read an article in LoHud for more on Bewlay’s appointment.More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Make a game plan for voting. Do it now.Foss: Schenectady Clergy Against Hate brings people togetherFoss: Schenectady homeless assistance program Street Soldiers dealing with surge in needEDITORIAL: No more extensions on vehicle inspections Categories: OpinionNew York residents have a new advocate for open government.Shoshanah Bewlay — a Vassar-educated lawyer, former general counsel for the state’s Office of Information and Technology Services, former agency records access officer, and longtime manager of the state Attorney General’s eDiscovery program — has been appointed as executive director of the state Committee on Open Government.She replaces Robert Freeman, the legendary open government guru who was fired in disgrace in June over allegations of sexually inappropriate conduct.last_img read more

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Practice, opening night rescheduled at Thunderhill Raceway

first_imgBy Edward Anschutz STURGEON BAY, Wis. – With weather conditions being less than favorable, Thunderhill Raceway has been forced reschedule its planned practice session for April 29 while the season opener has been postponed to May 3.“While we want to get the 2014 season rolling, the biggest emphasis will be put on taking care of the drivers and their race cars,“ promoter Woody Wodack said. “We refuse to tear up equipment or the track just to get opening night in the books.” “The goal will to be to give drivers and race fans the best show possible,” he continued. “Mother Nature has played havoc in recent weeks so we are hoping for some sunshine and dry weather.”A second practice is also in the works. Five divisions do battle every Saturday night through the summer. IMCA Modifieds, IMCA Stock Cars, IMCA Northern SportMods, IMCA Hobby Stocks and Street Stocks will compete on the 1/3rd mile clay oval.For more information, please visit the track’s website at www.racethunderhill.com Thunderhill is located at the John Miles Fair Park on Sturgeon Bay’s east side. Pit gates open at 3:30 p.m. racing starts at 6 p.m. For your social media outlet like Thunderhill Raceway on Facebook and follow us on Twitter.last_img read more

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GOtv Boxing Night Mini: Boxers talk tough

first_imgRelatedPosts GOtv Boxing Night Mini holds today Excitement builds as GOtv Boxing Night Mini nears GOtv Boxing Night Mini will help boxers – Coach Mensah Boxers billed to fight at the maiden edition of GOtv Boxing Night Mini have been speaking of their preparations ahead of the event billed to hold on Saturday at the Rowe Park Sports Complex, Yaba, Lagos. Typically, the boxers’ comments have been marked by boasts about their abilities and how such would swing things in their way.Some of the boxers scheduled to be in action are Rilwan “Real One” Oladosu, reigning West African Boxing Union (WABU) lightweight champion; Rilwan “Baby Face” Babatunde, West African Boxing Union (WABU) welterweight champion, Waheed “Showmax” Shogbamu, Ola Adebakin and Cynthia “Omo Bobby” Ogunsemilore.Oladosu, who is billed to take on  Adebakin in a national lightweight challenge, declared himself ready, willing and able to see off his opponent without fuss.“I am unstoppable. Tell Adebakin that he will see hell. I don’t even need to exert myself. I’m sufficiently prepared and he’d feel the full force of my preparation,” he said.The lesser known Adebakin, however, responded that while he is an underdog, he will show Oladosu that underdogs can bite and dangerously, too. He bragged that he will inflict on the WABU champion his first defeat as a professional.  “Real One might be better known, but that will count for nothing when we step into the ring. He isn’t familiar with me, but did know him well, including his weaknesses. I’m ready to exploit this and put him where he belongs: on the canvas,” he bragged.WABU welterweight champion, Rilwan “Baby Face” Babatunde, is also in war mood, issuing a strong warning to his opponent, Dennis “The Range” Mba.   He said he has seen media reports quoting Mba as threatening him with defeat, something for which he would make him pay. “I’ve seen him boast in media reports, but he’ll be sorry at the end of the fight. He’d be treated like every other opponent who’s been foolish enough to face me,” he raved. Waheed “Showmax” Shogbamu and Semiu “Jagaban” Olopade have similarly swapped boasts, with the former vowing to leave his opponent in tears and blood.Also, Ogunsemilore, who is billed to take on take on Omowunmi “Mummy’s Pet” Akinsanya in a national super featherweight challenge, said she expects to win the bout and improve her fight record.“I am well prepared for this fight and I am primed to ensure Akinsanya continues to remain a “Mummy’s Pet” in the ring. I really need the win in order to show that my nascent boxing career is really progressing,” she said.Also on the bout card is a national cruiserweight challenge between Kabiru “KB Godson” Towolawi and Tunji “Germani” Olajide.Tags: GOtv Boxing Night Minilast_img read more

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