Directors dealings: Real estate sector execs pick up shares
24th Jun 2016 16:37
(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
Read moreSavills takes stake of hybrid estate agency YOPA
3rd Jun 2016 07:09
(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
Read moreSavills confirms property activity slowdown pre-EU vote
11th May 2016 11:32
(ShareCast News) - Savills confirmed UK commercial and residential property activity has slowed in the run up to the UK's European Union referendum, but that its expectations for the year remain unchanged. The FTSE 250 estate agent said the first four months typically represent a small element of th
Read moreNick Ferguson to succeed Peter Smith as Savills chairman
26th Jan 2016 08:51
(ShareCast News) - Real estate advisor Savills announced the appointment of Nick Ferguson - currently chairman of Sky - as a non-executive director with immediate effect. In addition, the company said Ferguson will succeed Peter Smith as chairman following his retirement from the board in May. Savi
Read moreSavills sees better 2015 thanks to Berlin boost
11th Jan 2016 07:11
(ShareCast News) - International real estate firm Savills said underlying full year results for the full year will be ahead of previous expectations boosted by its investment management business although it warned that global economic uncertainty and rising interest rates would result in a "temperin
Read moreSavills completes SEB Asset acquisition
1st Sep 2015 09:04
(ShareCast News) - Real estate group Savills said its international real estate advisory firm has completed the acquisition of SEB Asset Management. The FTSE 250 group said the acquisition will create a leading European investment management business, which will benefit from a strong platform in the
Read moreBroker tips: Barclays, ARM Holdings, GKN, Ocado, Savills
17th Jul 2015 11:50
(ShareCast News) - Investors' faith in the heir designate at Barclays may not be misplaced, quite the contrary, but in the short-term his plans for a "strategic acceleration" means earnings may be even weaker, Investec said. The analyst downgraded the bank's shares to 'sell' from 'hold' and lowered
Read moreCredit Suisse starts Savills at 'outperform', names it preferred stock in the sector
17th Jul 2015 10:56
(ShareCast News) - Savills got a boost on Friday after Credit Suisse initiated coverage of the stock with an 'outperform' rating and 1,141p price target and said it was the bank's preferred name in the UK estate agency sector. CS said the stock offered strong cyclical momentum and margin expansion.
Read moreSavills appoints Charles Taylor chairman as non-exec director
23rd Jun 2015 10:14
Rupert Robson has been appointed as Savills' independent non-executive director, the real estate advisor said on Tuesday. Robson, who is currently non-executive chairman of inter-dealer brokerage group Tullett Prebon and chairman of Charles Taylor, Sanne Group plc and EMF Capital Partners, will step
Read moreFoxtons a 'sell' for Peel Hunt as it warns estate agents face long-term headwinds
2nd Jun 2015 16:12
Peel Hunt initiated coverage of the UK estate agency sub-sector with a 'sell' rating on Foxtons and 'hold' ratings on Countrywide, LSL and Savills. The broker said the decisive result in the general election has provided a welcome fillip for the UK estate agents, removing uncertainty over mansion ta
Read moreFTSE 250 movers: AO World plunges, oil and energy stocks higher
2nd Jun 2015 14:01
Mid caps outperformed the FTSE 100 on Tuesday, as miners, engineers and telecommunications offset weakness in real estate and utilities stocks. As of 15:30 BST, the FTSE 250 was trading 0.06% higher at 18,231.5. AO World plunged as the online white goods retailer's final results revealed a £2.9m lo
Read moreTuesday broker round-up
2nd Jun 2015 07:57
British American Tobacco: JP Morgan reiterates overweight and 4,100p target price. Royal Mail: JP Morgan reiterates neutral stance. Playtech: JP Morgan reiterates buy. Henderson Group: UBS reiterates neutral stance and 275p target. Prudential: UBS reiterates buy recommendation and 1,950p target.
Read moreSavills completes Smiths Gore acquisition
1st Jun 2015 07:56
Property group Savills has completed the acquisition of rural specialists Smiths Gore in a deal worth up to £40m in cash. The FTSE 250 group had initially announced the deal for Peterborough-based Smiths Gore, which operates 31 offices, on 21 April, adding has paid approximately £21m upon completion
Read moreSector movers: Miners weigh on FTSE, real estate continues to rally
19th May 2015 17:27
Industrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
Read moreFTSE 250 movers: property and rail stocks surge on Tory win
8th May 2015 13:27
Wireless antenna maker Laird topped the risers on higher first quarter revenues and a strong outlook for the rest of the year. "We have some visibility on new products to be launched by customers in the second half of the year, which underpins our current full year outlook," said chief executive Dav
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