Savills Share News (SVS)

Savills reports 11.5% rise in first half profits

(ShareCast News) - Real estate agent Savills posted an 11.5% increase in first half underlying pre-tax profit on Tuesday, as strong growth in residential revenue offset a fall in commercial transactions. Group underlying profit before tax came to £42.8m in the six months ended 30 June, up from £38.4

Savills sees UK commercial profits halve due to Brexit vote

LONDON, Aug 9 (Reuters) - Estate agent Savills said profits at its British commercial property business fell 54 percent in the first half of the year, hit by a referendum on EU membership, and that the vote and upcoming U.S. presidential election had hit sentiment. Underlying profit at the

RPT-UK construction hit by Brexit but some weathering storm

(Repeats story published late on Tuesday) By Paul Sandle and Esha Vaish LONDON, Aug 2 (Reuters) - As Britain's construction industry reels from its sharpest downturn for seven years, it is companies that operate under longer-term contracts and have less exposure to London that are bet

UK construction hit by Brexit but some weathering storm

By Paul Sandle and Esha Vaish LONDON, Aug 2 (Reuters) - As Britain's construction industry reels from its sharpest downturn for seven years, it is companies that operate under longer-term contracts and have less exposure to London that are better weathering market uncertainty caused by the

UBS launches coverage of UK estate agents

(ShareCast News) - UBS initiated coverage of the UK estate agent sector on Wednesday, with Foxtons and Savills at 'buy', Countrywide at 'neutral' and Purplebricks at 'sell'. The Swiss bank, which expects UK wide housing transactions to fall 6% this year and 5% the next - with a 10 drop in London in

Brexit leaves Dutch property market simmering

* Foreign buyers invested more than 2 bln euros in May, June * Foreign capital accounted for 52 pct of investment in 2015 * UK, U.S. private equity interest surges By Anthony Deutsch AMSTERDAM, July 8 (Reuters) - Until the British vote to leave the European Union last mont

In UK property turmoil, some wealthy Asians seek bargains

* Some wealthy Asians see plunge in sterling as opportunity * Some property deals slower, re-priced downwards after Brexit * Asians have been large buyers of London property * Top players like GIC say still committed to market By Denny Thomas HONG KONG, July 7 (Reute

DIRECTOR DEALINGS: Savills Non-Executive Buys 15,000 Shares

Directors dealings: Real estate sector execs pick up shares

(ShareCast News) - Friday's sharp drops among shares of UK homebuilders and real estate outfits saw executives from several outfits step-in to pick-up some shares. Glyn Barker, non-executive director at Berkeley Group Holdings scooped up 2,000 shares in the homebuilder for a total £52,060.00. In pa

DIRECTOR DEALINGS: Savills Non-Executive Buys First Shares

HSBC's record-low British mortgage rate sparks risky lending concerns

LONDON, June 21 (Reuters) - HSBC has launched what is thought to be Britain's lowest-ever mortgage deal with an interest rate of less than 1 percent, raising concerns of a return to riskier lending practices to try to boost flagging profits. Europe's largest bank is offering customers the c

Ahead of EU vote, property investors secure discounts in Britain's regions

By Esha Vaish June 10 (Reuters) - In Britain's regions, smaller investors are securing discounted deals on commercial property as heavyweight funds put purchases on ice ahead of the referendum on EU membership. Defying an investment lull in the capital, regional property markets have

BUZZ-UK housebuilders fall as surveyors turn bearish

** UK housebuilders fall after data from the Royal Institution of Chartered Surveyors paints a bearish picture of the UK housing market ** Percentage of respondents expecting a fall in prices v those expecting a rise turns negative for the first time since November 2012, with sentiment on L

Savills takes stake of hybrid estate agency YOPA

(ShareCast News) - International real estate advisory firm Savills announced a fresh investment on Friday, confirming that is proprietary investment subsidiary Grosvenor Hill Ventures has taken a minority stake in YOPA Property, by participating in its £16m equity fundraising. The FTSE 250 firm said

TOP NEWS: Savills Invests In YOPA For Hybrid Estate Agency Roll Out