Savills Share News (SVS)

UPDATE 1-Property valuers drop Brexit clauses from most contracts as markets steady

(Adds details from two more valuers) By Esha Vaish Sept 20 (Reuters) - Five big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote in June to le

Property valuers drop Brexit clauses from most contracts as markets steady

By Esha Vaish Sept 20 (Reuters) - Three big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a sharp drop immediately after Britain's vote to leave the EU. The original Brexit clause, seen

Wednesday broker round-up

(ShareCast News) - Polypipe: Berenberg maintains buy with a 360p target. Vodafone: Jefferies reiterates buy with a 260p target. Standard Chartered: HSBC downgrades to hold with a 650p target. Prudential: Goldman Sachs keeps at buy with a target price of 1750p. WPP: Berenberg reiterates hold with

Broker tips: Standard Chartered, Balfour Beatty, Savills

(ShareCast News) - Standard Chartered's rating was downgraded to 'hold' from 'buy' and its target price was left at 650p by HSBC on Wednesday. HSBC said Standard Chartered's share price has responded positively to the weaker pound against the dollar following Brexit as the company's revenues are dol

Savills rallies on Citigroup upgrade

(ShareCast News) - Savills got a boost on Wednesday as Citigroup upgraded the stock to 'buy' from 'neutral' following solid first-half results. "We were reassured by this resilient performance which served to remind us as to the true portfolio within the group with limited reliance on any one geogra

BUZZ-Savills: boosted by Citi upgrade

** Estate agent Savills up c.5 pct & 3rd top FTSE midcap gainer as Citi raises rating to "buy" from "neutral" ** Brokerage flags co trading at c.20 pct discount to long term historic avg share price & limited exposure to the UK makes it attractive ** Co gets only about 1/3 of its rev

LONDON BRIEFING: Admiral Hikes Dividend; UK Unemployment On Tap

UPDATE 2-Savills says UK commercial property business hit by Brexit vote

* UK commercial property suffers ahead of Brexit vote * Underlying profit rises 11.5 percent, helped by China (Adds quotes, details) By Costas Pitas LONDON, Aug 9 (Reuters) - Estate agent Savills said profits at its British commercial property business more than halved in the

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