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Savills PLC (SVS.L)

SVS.L on London Stock Exchange

828.50GBp
23 Aug 2019
Change (% chg)

-6.50 (-0.78%)
Prev Close
835.00
Open
835.00
Day's High
848.50
Day's Low
827.00
Volume
107,617
Avg. Vol
219,350
52-wk High
975.00
52-wk Low
677.50

Latest Key Developments (Source: Significant Developments)

Savills Says H1 Pretax Profit Fell 7%, Sees Full-Year In Line
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Savills PLC ::H1 PRETAX PROFIT FELL 7 PERCENT TO 24.7 MILLION STG.INTERIM DIVIDEND INCREASED 3% TO 4.95P PER SHARE.HY GROUP REVENUE UP 16% (14% IN CONSTANT CURRENCY*) TO £847.0M.CONTINUE TO ANTICIPATE THAT PERFORMANCE FOR FULL YEAR WILL BE IN LINE WITH BOARD'S EXPECTATIONS.HAD ANTICIPATED A SLIGHT DECLINE IN PROFITS FOR FIRST HALF OF 2019.HY GROUP UNDERLYING PROFIT BEFORE TAX DOWN £4M (9% AS REPORTED;12% IN CONSTANT CURRENCY) TO £38.4M.HY GROUP PROFIT BEFORE TAX DOWN 7% TO £24.7M.IN PARTICULARLY UK & HONG KONG, POLITICAL AND ECONOMIC UNCERTAINTY CONSIDERABLY REDUCED VOLUME OF REAL ESTATE TRADING ACTIVITY IN RECENT MONTHS.CURRENTLY CONTINUE TO ANTICIPATE THAT OUR PERFORMANCE FOR FULL YEAR WILL BE IN LINE WITH BOARD'S EXPECTATIONS.IN ASIA PACIFIC, IMPOSITION OF SINO/US TRADE TARIFFS HAS AFFECTED INVESTMENT CONFIDENCE, PARTICULARLY IN HONG KONG.HY UK COMMERCIAL TRANSACTION FEE INCOME DECREASED 7% TO £31.4M (H1 2018: £33.9M), REFLECTING CONTINUED BREXIT-RELATED UNCERTAINTY.  Full Article

Savills Anticipates Overall Performance For 2019 To Be In Line With Expectations
Wednesday, 8 May 2019 

May 8 (Reuters) - Savills PLC ::DURING YEAR TO DATE GROUP HAS TRADED IN LINE WITH OUR EXPECTATIONS.ANTICIPATE OVERALL PERFORMANCE FOR 2019 TO BE IN LINE WITH EXPECTATIONS.IN UK MARKET, COMMERCIAL TRANSACTION ACTIVITY IN NEXT FEW MONTHS MAY BE OVERSHADOWED BY PROLONGED BREXIT UNCERTAINTY.EXPECT SOME STRENGTHENING OF ACTIVITY IN CERTAIN OVERSEAS MARKETS.COMMERCIAL TRANSACTION BUSINESS RESILIENT IN LONDON BUT VOLUMES ACROSS UK HAVE DECLINED AND DEVELOPMENT ACTIVITY IS RELATIVELY SUBDUED.  Full Article

Savills Plc Reports 10 Pct Rise In FY Group Revenue
Thursday, 14 Mar 2019 

March 14 (Reuters) - Savills PLC ::SAVILLS PLC - FINAL RESULTS.SAVILLS PLC - FY GROUP REVENUE UP 10% TO £1.76BN (2017: £1.6BN).SAVILLS PLC - FY UNDERLYING PROFIT UP 2% TO £143.7M (2017: £140.5M).SAVILLS PLC - FY STATUTORY PROFIT BEFORE TAX DECREASED 3% TO £109.4M (2017: £112.4M).SAVILLS PLC - FINAL ORDINARY AND SUPPLEMENTARY INTERIM DIVIDENDS TOTAL 26.4P PER SHARE.SAVILLS PLC - AT THIS STAGE, WE EXPECT TO SEE DECLINES IN TRANSACTION VOLUMES IN A NUMBER OF MARKETS.SAVILLS PLC - HAVE MADE A SOLID START TO 2019; HOWEVER, YEAR AHEAD IS OVERSHADOWED BY MACRO-ECONOMIC AND POLITICAL UNCERTAINTIES ACROSS WORLD.SAVILLS PLC - RETAIN OUR EXPECTATIONS FOR GROUP'S PERFORMANCE IN 2019.SAVILLS-WEAKEST COMMERCIAL PROPERTY SECTOR IN FY WAS RETAIL SECTOR, WHERE STRUCTURAL, BREXIT-RELATED IMPACTS AFFECTED RETAILER PERFORMANCE.SAVILLS PLC - SHARP FALLS IN INVESTMENT TURNOVER IN RETAIL SECTOR CONTRIBUTED TO A 5% YEAR-ON-YEAR FALL IN COMMERCIAL PROPERTY INVESTMENT IN FY.  Full Article

Savills Announces Group Chief Executive Succession Plan
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Savills Plc ::SAYS THAT JEREMY HELSBY WILL RETIRE AS GROUP CHIEF EXECUTIVE AT END OF 2018.SAYS JEREMY WILL BE SUCCEEDED BY MARK RIDLEY, CURRENTLY CEO OF SAVILLS UK AND EUROPE, EFFECTIVE 1 JANUARY 2019.SAYS MARK WILL JOIN BOARD OF SAVILLS PLC AS DEPUTY GROUP CHIEF EXECUTIVE ON 1 MAY 2018.  Full Article

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Trade war, Brexit hit Savills half-year profit

Real estate services provider Savills Plc posted lower pretax profit for the first half, as uncertainty due to the U.S.-China trade dispute and Brexit led to fewer commercial transactions in Asia and Britain, respectively.