Edition:
India

Savills PLC (SVS.L)

SVS.L on London Stock Exchange

914.50GBp
23 Apr 2019
Change (% chg)

-7.00 (-0.76%)
Prev Close
921.50
Open
919.00
Day's High
924.50
Day's Low
908.00
Volume
243,449
Avg. Vol
300,032
52-wk High
999.50
52-wk Low
677.50

Latest Key Developments (Source: Significant Developments)

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

Savills says performance for FY will be in line with board's expectations
Thursday, 10 Aug 2017 

Aug 10 (Reuters) - Savills Plc :H1 PRETAX PROFIT ROSE 27 PERCENT TO 32.4 MILLION STG.INTERIM DIVIDEND 4.65 PENCEPER SHARE.HY GROUP REVENUE UP 15% (7% IN CONSTANT CURRENCY*) TO £714.4M (H1 2016: £622.7M).HY GROUP UNDERLYING PROFIT BEFORE TAX UP 12% (5% IN CONSTANT CURRENCY) TO £48.1M (H1 2016: £42.8M).HY GROUP PROFIT BEFORE TAX UP 27% TO £32.4M (H1 2016: £25.5M).HY UNDERLYING BASIC EARNINGS PER SHARE UP 18% TO 25.7P (H1 2016: 21.8P).HY BASIC EARNINGS PER SHARE UP 39% TO 16.1P (H1 2016: 11.6P).HY INTERIM DIVIDEND INCREASED 6% TO 4.65P PER SHARE (H1 2016: 4.4P).CONTINUE TO ANTICIPATE THAT PERFORMANCE FOR FULL YEAR WILL BE IN LINE WITH BOARD'S EXPECTATIONS.  Full Article

Savills says proposed acquisition of Aguirre Newman S.A.
Friday, 28 Jul 2017 

July 28 (Reuters) - SAVILLS PLC ::FURTHER BUILDING SCALE OF SAVILLS EUROPEAN REAL ESTATE SERVICES BUSINESS.DEAL FOR UP TO EUR 67 MILLION PAYABLE IN INSTALMENTS OVER FIVE YEARS FROM COMPLETION.SAYS PROPOSED ACQUISITION OF AGUIRRE NEWMAN S.A..ACQUISITION IS SCHEDULED TO COMPLETE BY 30 NOVEMBER 2017 FOLLOWING SATISFACTION OF CUSTOMARY REGULATORY AND CLOSING CONDITIONS.SAYS PURCHASE CONSIDERATION WILL BE FUNDED FROM SAVILLS CASH AND EXISTING BANKING FACILITIES.  Full Article

Savills sells distribution hub in Redditch for 25.15 mln stg
Monday, 12 Jun 2017 

June 12 (Reuters) - Savills Plc :Savills - ‍savills, on behalf of a client of savills investment management, sold 237,919 sq ft iforce distribution hub in Redditch, Worcestershire​.‍Royal London Asset Management has acquired warehouse for 25.15 million stg, reflecting a net initial yield of 5.35 pct.​.‍JLL advised Royal London Asset Management​.  Full Article

Savills says trading to date ahead of year ago
Tuesday, 9 May 2017 

May 9 (Reuters) - Savills Plc ::During year to date Savills has traded in line with our expectations and ahead of corresponding period in 2016.In UK commercial markets, Savills has maintained a significant share of Prime Central London investment and leasing markets.In the UK commercial markets, uncertainty continues to affect transactional volumes.Outside London, transactional volumes and professional and development services have grown over comparable period in 2016.As expected, volumes in UK prime residential market have been lower in year to date.Period leading up to UK general election is expected to have a short term adverse impact on residential transaction activity over next few weeks.Against backdrop which demonstrates greater levels of uncertainty than few months ago, continues to see performance in line with expectations.  Full Article

UPDATE 1-Britain's Savills sees Brexit-fuelled drop in some markets

Jan 15 UK-based real estate services provider Savills said on Tuesday it expects lower transaction volumes in some markets this year because of Brexit-related uncertainties.