Uk Estate Agent Foxtons Makes $1.2 Billion Stock Market Debut

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

Emerging from the nearly 20-minute meeting, Ramdev claimed the Indian government may have had a hand in his detention. “I’m sad to say that our government did not support us. I’ll wait for all the details but what happened indicates that the UK authorities may have been misguided by the Indian government. I believe a red alert was attached to my name,” Ramdev said. UK authorities clear Ramdev after second round of questioning Earlier, the yoga guru told reporters he had “never done anything unethical or wrong”. He said, “I have been travelling to the UK and the US for eight years and I have never been treated the way I have been treated this time. “Since Friday, I have been asking the UK officials to tell me what my fault is,” he said. Ramdev further said he had followed all rules and visa conditions of the British government. “I would only expect that the way we respect the UK, they will show India and Indians the same respect. I’ll accept whatever they decide.” He is in Britain to chair a series of ‘yoga shivirs’ and talks organised by the Patanjali Yog Peeth (UK) Trust. The UK Home Office refused to comment on what it described as an individual’s questioning over immigration issues. Ramdev’s spokesperson S K Tejarawala dismissed reports that he was detained for carrying some medicines. “He was not carrying anything with him except a small bag of personal effects. It is for the British authorities to explain why he was detained,” he said.

“A bubble is when you have people buying and flipping within the space of months. What you have in London is a shortage of supply and a planning system that gums up the works,” he said. “This particular run will end some time between the back end of 2014 and 2016, as rising mortgage rates will cause the market to plateau,” Williams added. Foxtons, which last year earned more than half its revenue from its lettings business, is focused on expansion within London, home to 40 of its 42 branches, and has said it is aiming for five to 10 new branch openings a year between 2014 and 2018. But analyst Anthony Codling at brokerage Jefferies said that while estate agents were the best way to gain exposure to the UK housing market, prospects were better for nationwide firms. “We see more significant potential for house price growth outside of London than inside,” he said in a note. Jefferies worked on Countrywide’s float. 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.

UK authorities clear Baba Ramdev after second round of questioning

“I thank the UK government that they did not stay misguided for too long,” he said, adding that he had not been given any explanation for being detained. “I have never done anything illegal, immoral or unethical. So I kept asking them to let me know what my fault was. I was not informed about the reasons. But there was no bad behaviour on their part. At one point one of the officials did get angry but I stayed cool so there was no problem,” Ramdev said in reference to his detention. Ramdev is in the UK to chair a series of yoga shivirs and talks organised by the Patanjali Yog Peeth (UK) Trust. Vaz, who had accompanied the yoga guru from a gathering in Leicester for the meeting here today, said he would make further inquiries into the reasons behind the hours of questioning. “No Indian citizen travelling on a valid visa should be held in this way. I hope this will not stop Baba Ramdev from coming to the UK again. All his belongings and passport with a two-year valid UK visa have now been returned to him,” Vaz said. “It has certainly been an odd arrival but he can now go about with his planned itinerary,” the Leicester East MP said The UK Home Office refused to comment on what it described as an individual’s questioning over immigration issues. Ramdev’s spokesperson S K Tejarawala dismissed reports that he was detained for carrying some medicines. “He was not carrying anything with him except a small bag of personal effects.

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

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.