David Livesey
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Latest property news
Connells purchase of Countrywide officially completes
After years of uncertainty and internal ructions, Connells says Countrywide now faces a brighter future under its ownership.
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Latest property news
We’re ready to buy more agents says Connells ahead of Countrywide arrival
Connells' latest results for 2020 show sales, lettings, conveyancing and surveying activity down, but profits remain steady after cost-cutting.
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Latest property news
BREAKING: Connells buys Countrywide after improved offer worth £134 million
Deal is due to officially complete by March and will see all of Countrywide's debts cleared and new investment in branches, people and tech.
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Connells now offers £104m for Countrywide against ‘flaky’ Alchemy rival deal
Connells chief says it will now pay shareholders £3.25 a share, an increase of 30% on its original £2.50 deal.
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Connells now ‘ready to buy Countrywide’ after completing due diligence
Connells once more says Alchemy deal to finance Countrywide will not sort out its financial and operational problems.
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Connells celebrates the ultimate company man: Chief Executive David Livesey
Company issues a celebration of its Chief Executive's 30-year-career but omits his closure of hybrid agency Hatched and the OTM/Gascoigne Halman court case.
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Connells ‘most successful’ estate agency in UK, its latest results claim
Despite claim based on market share and homes sold, estate agency also reveals reduced profits and house sales down 8% within subdued market.
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Connells reveals shaky first half of 2018 but launches sales progression tool for all
Estate agency giant Connells saw profits drop during the first half of 2018 but invested in a new online sales progression tool.
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OnTheMarket wins claim against Gascoigne Halman in long-awaited tribunal decision
OnTheMarket has won the Competition Appeal Tribunal case it brought against Gascoigne Halman after the agent, following its acquisition in October 2015 by Connells, refused to abide by OnTheMarket’s ‘one other portal rule’. After the ruling OnTheMarket Chief Executive Ian Springett (pictured, below) accused Zoopla of funding the action, and also said that he intended to recoup legal and other court costs from Gascoigne Halman, particularly so because “the manner in which our opponents conducted the case has caused us to divert considerable resources and management time”. Gascoigne Halman said during the hearings that its contract with OnTheMarket was in effect void because what it believed are restrictive clauses within it were in breach of Section 2 of the Competition Act 1988. These include the ‘one other portal rule’ which requires participating agents to only use two property portals, the ‘bricks and mortar rule’ prohibiting online agents from joining OnTheMarket, and the ‘exclusive promotion rule’ that prevents agents from promoting their membership of Rightmove or Zoopla. The legal process was triggered when Gascoigne Halman listed its properties on all three property portals in defiance of OnTheMarket. OnThemarket subsequently sought a judgement on the matter through the tribunal system to prove…
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