‘Battle with Purplebricks cost me my estate agency business’

first_imgFormer estate agent Chris Wood has revealed that the investigation into Purplebricks’ use of Trustpilot by tech magazine Wired is only the tip of the iceberg and that material was left out following legal advice.Wood helped the magazine put together its article but says his long-term campaign to investigate the company helped contribute to the closure of his business, which shut up shop in March.“There’s more to come and it’s going to be serious stuff, and it will be more about whether in general anyone can trust online reviews,” he says.Wired’s article revealed what it claims is evidence Purplebricks is ‘gaming’ the Trustpilot system to ensure positive reviews about its service are posted by customers, an activity that Wood has been highlighting for several years.Purplebricks has rebutted the allegations made in the article and also told The Negotiator that “it’s worth looking at our reviews on Feefo [instead of Trustpilot] as this is the main review site we flag on our adverts now”.Vindicated“Every time something is published about Purplebricks I feel a little more vindicated because some of the stuff I’ve been ranting on about and been getting flack about is coming out into the open,” says Wood.“This has all cost me an awful lot of money and, probably, my estate agency business too.Wood says a previous run-in with Purplebricks over a blog he wrote in 2014 that was referred to the Advertising Standards Authority and investigated by Trading Standards is still hanging over him.“A year after they put me under official caution for writing the blog Trading Standards have yet to talk to me or take any further actions which is ridiculous,” he says. “I’ve put in an official complaint about this.”Wood says he is working 70-80 hours a week to pay off debts left owing after he closed his SW estate agency PDQ Estates and that he is busy building up his recently-established 3D photography business Ocean3D.co.uk.Wired Purplebricks chris Wood September 27, 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 » Marketing » ‘Battle with Purplebricks cost me my estate agency business’ previous nextMarketing‘Battle with Purplebricks cost me my estate agency business’Former estate agent Chris Wood says he feels vindicated by Wired magazine’s investigation in to Purplebricks’ use of TrustPilot but says it has all come at a heavy personal price.Nigel Lewis27th September 201902,269 Viewslast_img read more

Blizzard Causes Cuomo to Declare State of Emergency for LI

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York New York Gov. Andrew Cuomo declared a state of emergency in Nassau and Suffolk Counties as a Nor’easter began its onslaught on Long Island Friday afternoon, dumping snow and rain across the Island.Declaring a state of emergency allows the state to better aid local governments hit harder than others. The declaration also includes Bronx, Dutchess, Kings, New York, Orange, Putnam, Queens, Richmond, Rockland and Westchester.The governor and other agencies throughout the day warned drivers to get off the roads as soon as possible and to make way for public work crews to clear snow-covered roadways.Traffic was moving at a snail-like pace on some roadways, including the Northern State Parkway where drivers pulled over to clear snow off their cars. Some cars had veered off the road and into trees while other drivers tried unsuccessfully to get their cars out of heavy packs of snow.Nassau County police reported Friday night that Route 135 is closed in both directions at exit 14 and that the southbound ramp is also closed from the Long Island Expressway due to snow.“As this winter storm unfolds, bringing heavy snow and high winds to parts of the state, I strongly urge all New Yorkers to exercise caution, avoid travel, and stay indoors,” Cuomo said. “To ensure an effective and rapid response to this winter storm, I am declaring a state of emergency for counties in the lower Hudson Valley, New York City, and Long Island so resources can get to communities where they are needed as quickly as possible.”The storm, which was expected to wallop most of the Northeast, led to nearly 5,000 flight cancellations, including more than 2,300 flights locally.John F. Kennedy Airport said it would cease operations at 6:30 p.m., the governor’s office said. LaGuardia was to suspend most flight operations at 4 p.m.The Long Island Rail Road was operating without any delays on most of its branches, reporting minimal disruptions due to storm conditions.The railroad notified officials that it will suspend service if snow accumulation reaches 10 to 13 inches.In preparation for the storm, the New York State Department of Transportation prepared hundreds of plow trucks to hit the roads. The state also has more than 470,000 tons of salt on hand to treat roads before and during the storm.The state also deployed extra New York State Troopers to Long Island to assist local police with their response efforts.The National Weather Service said the worst is yet to come and that the storm is expected to intensify at 9 p.m. All of Long Island remains under a blizzard warning until 1 p.m. Saturday.As of 6:30 p.m. the Long Island Power Authority, which ceased storm response operations to National Grid during the storm, reported that more than 5,000 customers were without power.last_img read more

AXA IM: Investors must focus on China’s digital services economy

first_imgMark Tinker, head of Asian equities at AXA Framlington, added that innovative developments were boosted by China’s growing middle class population and rising incomes, as well as by the continuing migration to urban areas where more people were digitally connected.He advised investors to shun state-owned firms “as they represent the old industry”.The same went for indices and exchange-traded funds because they lacked sufficient technology, innovation and growth, Tinker contended. “Only by actively investing will investors benefit from the technological revolution in China,” he said. AXA Framlington only offers actively managed funds.Bryan Collins, head of Asian fixed income at Fidelity International, also saw opportunities in the transition to a consumption-driven services economy which was increasingly focused on the environment.“As a consequence, new chances are created in technology such as renewable energy and air purification,” he said.Collins also emphasised that investments were possible across the entire spectrum of the Chinese capital market, comprising a diversity of bonds in terms of duration, rating and coupon rates as well as dollar and renminbi-denominated government paper.He noted that China’s “onshore bonds” for foreign investors – issued since 2015 – have been added to several indices and that this trend was accelerating.As the onshore market represents a value of $12trn (€10.1trn), the potential was enormous, according to Collins. Investors should refocus on China as a new digital services economy rather than on “old China” and its production-based economy, according to AXA Investment Managers (AXA IM).Speaking at the annual conference of IPE’s Dutch sister publication Pensioen Pro last week in Amsterdam, senior economist Aidan Yao said that the country’s transition to a services-based economy was in full swing and was driven by a fast-growing middle class, as well as innovation and new technology.This trend was confirmed by an annual rise in research and development costs of 12% across the country during the past five years, he said.Although the Chinese government was largely sponsoring these costs, in Yao’s opinion, the reform policy was bearing fruit “as the authorities are increasingly open to the privatisation of companies”.last_img read more