Savills' first half strengthened by strong markets in UK, Europe
7th Aug 2014 09:52
Savills half-year results exceeded company expectations with revenue up 8% to £430.8m as a result of strong markets in the UK and Europe. The real estate group said first-half pre-tax profit rose 15% to £24.7m from last year's £21.4m. Meanwhile, underlying profit shot up 16% to £30.1m from the prev
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreSavills boosts US presence as it completes Studley takeover
2nd Jun 2014 07:35
London real estate advisor Savills said it has completed the acquisition of US commercial real estate services firm Studley in a deal worth up to $246m. Savills, which currently earns less than 1% of its revenue in the US, is paying for the acquisition with a combination of cash, notes and shares.
Read moreWife of Beazley CEO sells 200,000 shares
15th May 2014 15:57
The wife of David Horton, the Chief Executive Officer of Beazley, has sold 200,000 shares in the global specialist risk insurance and reinsurance business, thereby reducing his interest to 1.58m shares. Sophie Horton sold the shares at 244.50p a piece, giving the deal a trade value of £489,000.
Read moreSavills positive on performance in 2014 so far
12th May 2014 13:31
A positive start to the year which saw continued growth in the UK in the January-April period helped lift shares in Savills, the FTSE 250-listed international real estate advisor, on Monday. As anticipated, the company delivered a "robust" performance in both Asia and Continental Europe, while its
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFTSE 250 movers: Ophir rises after positive Deutsche Bank rating
20th Mar 2014 14:45
Ophir Energy was a strong riser after Deutsche Bank reiterated its 'buy' rating on the stock despite it posting wider annual losses. The group fell sharply in yesterday's session after it said it had failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore
Read moreSavills ramps up full-year profit, dividend hike
20th Mar 2014 07:51
- Annual pre-tax profit improves 35 per cent - Makes solid start to 2014 - Total dividend hiked 19 per cent Savills, the real estate services provider, delivered a 35% increase in annual pre-tax profit on Thursday. Pre-tax profit jumped 35% to £70.1m for the year ended December 31st while revenue
Read moreFTSE 250 movers: Savills climbs on reports of partnership deal
10th Mar 2014 13:45
Savills rose on the news the real estate advisor had agreed a new partnership with McGuire Real Estate, the San Francisco-based real estate brokerage. Water regulators have given a boost to Pennon Group, pushing the stock firmly higher after saying its regulated water utility, South West Water, has
Read moreTuesday broker round-up UPDATE
26th Nov 2013 08:18
BBA Aviation: Goldman Sachs shifts target price from 420p to 425p and reiterates a buy recommendation. BTG: Numis raises target price from 350p to 440p upgrading from reduce to hold. Cambria Automobiles: Panmure Gordon starts with a target price of 61p and a buy recommendation. Daily Mail & Gener
Read moreSavills' full-year results to meet upper end of expectations
14th Nov 2013 08:37
Savills, the real estate services provider, reported a 'strong' period of trading since the start of July and said its overall underlying result for the year would be towards the upper end of its expectations. However, it also remained 'somewhat cautious' about the extent to which Hong Kong's mark
Read moreSavills lifts profits, flags signs of housing market recovery
8th Aug 2013 07:38
Savills said it appeared UK households were starting to consider moves that they had put off for years as it reported a 25 per cent leap in half year profits. The international real estate company said in recent weeks it had seen a significant increase in new registered applicants and viewings in b
Read moreThursday broker round-up UPDATE
8th Aug 2013 07:10
Aquarius Platinum: Investec places its target price (prev.: 46p) under review, while keeping its hold recommendation. Avocet Mining: Canaccord Genuity upgrades from sell to hold with an unchanged target price of 112p. BBA Aviation: Citi raises target price from 292p to 335p reiterating a buy recom
Read moreSavills trades in line with expectations
8th May 2013 11:05
Real estate advisor Savills traded in line with expectations in the first four months of the year with strong growth seen across the Asia Pacific region. The company said Asia achieved substantial improvements year-on-year. However, Hong Kong will be affected by the latest round of government con
Read moreBroker tips: ARM, AVEVA, Savills
23rd Apr 2013 10:44
Investec has maintained its 'hold' recommendation and 940p target price for chip designer ARM Holdings but has hailed the company's forecast-beating first-quarter results. "We believe ARM is entering a sustainable, royalty-driven upgrade cycle and expect this positive momentum to continue. However
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