Uk Estate Agent Foxtons Makes $1.2 Billion Stock Market Debut

No. 19 UK Volleyball Sweeps Lipscomb

Junior Jackie Napper had a match-high 11 digs. Kentucky’s defensive effort led to a .089 hitting clip performance from the Bison. “Offensively we were fantastic today,” Skinner said. “Our defense really came along as the match went along.” Lipscomb raced out to a 7-2 start to open the first set, benefiting from four kills and a pair of UK errors. Kentucky clawed back and cut the deficit to one at 15-14, but the Bison responded with a kill down the line to break the Cats’ run. A block from the hands of Bergren and Thomasson knotted the score at 17 apiece forcing the Bison to burn a timeout. The teams would exchange points until Morgan’s dump gave UK its first lead at 20-19. Following a Lipscomb miscommunication on a set, UK increased its lead by two and the home squad burned its final timeout. Kentucky would go ahead 22-19, but then two errors by the Cats pushed the score to 22-21 in favor of UK. Skinner opted to take his first timeout of the stanza. The teams traded service errors to end the frame and Kentucky captured a 25-23 opening set win for the 1-0 lead in the match. The Wildcats posted 14 kills on a sizzling .480 hitting percentage in the set with Morgan and Schwarzwalder both notching four kills apiece.

A Foxtons estate agent sign is seen outside a branch in north London September 3, 2013. REUTERS/Suzanne Plunkett

More kids Safina Qureshi, a grade six student, and her sibling Zain Qureshi both of whom come from Islamic families, are meditating with their Sikh friend Harjinder Pal Singh inside one of the large halls of Guru Nanak Sikh Academy in Hayes in Middlesex. These students are part of the UKs first state funded Sikh secondary school that was inaugurated in 1993 by then British home secretary Jack Straw and went to attain the same status of an academy as Roman Catholic and Anglican Church schools in the state sector. Nearly 20 years later, UK government has now officially announced opening of 15 similar new faith schools, including eight Sikh schools. The objective is to arrest the problem of racism and intolerance for other religions. The plan, as part of 102 new free schools, which are to be opened from 2014 and beyond, was approved in July this year by UK education secretary Michael Gove. Free schools in the UK are run by teachers rather than a local or central government authority and have the freedom to decide the length of the school day and term, the curriculum, and how they reward their teachers and spend their money. In cosmopolitan countries like the UK, where you have a big number of Sikhs, Buddhists from China or Shinto Japanese, the objective is to strengthen bonds between home, community and school and providing a preparation for each pupils entry into the wider community. This is where faith schools are the next big future of our society, said British Indian MP Paul Uppal, who opened a similar Sikh ethos school in his constituency Wolverhampton. According to a 2011 Race for Equality report by National Union for Students (NUS), a confederation of 600 students unions, amounting to more than 95% of all higher and further education unions in the UK, showed that 1 in 6 Black students have experienced racism in their current institution. Such is the growing popularity of faith schools that one Nishkam School in Houslow in West London due to open in September had received nearly four applications for each seat. The Nishkam School Trust, which already runs a primary school in Birmingham, claims the Hounslow School will be the UKs first all-round faith school, catering to pupils from the age of four to 18. These schools are also aimed at providing community elders such as grandparents to share their skills in sewing, cooking and storytelling with the kids of single working parents.

UK to open 8 Sikh ‘faith schools’ to inculcate tolerance

CHEQUERED HISTORY House prices fell 16.3 percent in London after the financial crash and by 16.6 percent across England and Wales, according to Land Registry data. While London prices have recovered to 6 percent above their pre-crash peak, in the rest of the country they are still 10 percent below. Foxtons’ offering, which was oversubscribed, raised 335 million pounds for selling shareholders, including majority owner private equity group BC Partners, and company employees. BC Partners reduced its stake from 75 percent to 28.3 percent through the sale and if an overallotment option – whereby more shares can be sold if there is strong enough demand – is exercised this will drop further to 22.3 percent. Foxtons Chief Executive Michael Brown stands to pocket 52.3 million pounds from reducing his stake to 8.1 percent. The company, known for its cafe-style branches and the distinctive Mini Cooper cars driven by its sales staff, also raised 55 million pounds from selling new shares to reduce debt. A source close to the deal said good demand had come from investors in the UK and United States, with buyers confident housing market transactions volumes were far from peaking and Foxton’s strong lettings business would also support its value. The offer prospectus shows New-York based asset manager Blackrock (BLK.N) was a large investor, buying an 8.2 percent stake, while Fidelity Worldwide Investments holds 3.2 percent. The offer price valued Foxtons at around 18 times next year’s forecast earnings, compared with 17 times for Countrywide and a median of around 12.3 times for UK housebuilders, according to Thomson Reuters data. The float marks a milestone for BC, which has had a chequered history with Foxtons since first buying it for about 360 million pounds in 2007. The agency came to epitomize the woes of the private equity industry as plummeting sales pushed it into breach of the terms on its debt. BC, which ceded control of Foxtons to its lenders in 2010 before taking majority ownership again last year, is on track to make a return of close to three times its investment, a person familiar with matter said. Credit Suisse (CSGN.VX) and Numis Securities acted as joint bookrunners on the offering, while Canaccord Genuity was co-lead manager.

UK watchdog accuses retailers of fixing sports bra prices

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IXYS UK Westcode Ltd. Launches Range of Precision Bar Clamps for Press-Pack Semiconductors

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