The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSavills Share News (SVS)

Share Price Information for Savills (SVS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,154.00
Bid: 1,148.00
Ask: 1,152.00
Change: 0.00 (0.00%)
Spread: 4.00 (0.348%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 1,154.00
SVS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

British equities rise as travel stocks rally after China lifts travel curbs

Thu, 10th Aug 2023 17:30

China eased travel restrictions

*

Better than expected U.S. CPI data

*

Rio Tinto, banks stocks weigh on ex-dividend trading

*

FTSE 100 up 0.4% FTSE 250 adds 0.3%

Aug 10 (Reuters) - UK stocks closed at a one-week high on Thursday boosted by travel and luxury companies as China lifted pandemic-era curbs on foreign group tours, while a moderate increase in U.S. July inflation data boosted gains.

The FTSE 100 index added 0.4% while more domestically-focused FTSE 250 stocks rose 0.3%.

Travel and leisure shares rose 1.4% as China lifted bans on group tours for more countries, including Britain.

"This is huge for travel companies, which are in desperate need of a boost as they've been severely impeded for many years now. This is another step to return to normality," said Michael Baker, head of UK premium clients, at Capital.com.

Adding to the optimism, U.S. inflation increased moderately in July amid lower costs for goods, fuelling hopes the Federal Reserve could leave interest rates on hold next month.

The personal goods index was the session's biggest gainer, rising 2.9%, led by British luxury fashion brand Burberry Group after Bernstein increased price target on the stock.

Shares of Persimmon gained over 2.2% after the UK housebuilder said it expects annual profit to be in line with expectations.

Banks stocks Barclays, Natwest Group, HSBC Holdings were down between 0.6% and 1.2% as they traded ex-dividend.

Industrial metal miners fell 1.0%, with Rio Tinto's 3.3% drop weighing on the sector as the mining company's shares traded ex-dividend.

Among the companies reporting results, Deliveroo gained 3.5% as the food delivery firm lifted its earnings guidance for current financial year.

Savills dipped 10.7% after the real estate adviser "reduced" its annual expectations as it posted a 72% slump in half-year profit.

Petrofac slipped 4.5% after UK oilfield services provider reported a half-yearly loss.

Spirax-Sarco shares fell 2.3% after it reported first-half profit and revenue below expectations. (Reporting by Siddarth S, Shreyashi Sanyal, Rupali Chaudhary and Khushi Singh in Bengaluru; Editing by Savio D'Souza, Janane Venkatraman and Jane Merriman)

More News
12 Jan 2022 07:54

Savills full year 'very significantly ahead' of expectations

(Sharecast News) - Savills said on Wednesday that its full-year performance was "very significantly ahead" of expectations following an "extraordinarily strong" final trading period since its last update in November.

Read more
31 Dec 2021 10:42

IN BRIEF: Savills confirms investment alliance with Samsung Life

IN BRIEF: Savills confirms investment alliance with Samsung Life

Read more
9 Nov 2021 13:58

Numis ups profit forecast, target price for Savills

(Sharecast News) - Numis has upped both profit forecasts and its price target for Savills after a buoyant update from the upmarket estate agent.

Read more
9 Nov 2021 10:35

Savills looks to beat 2019 profit levels as positive trade continues

Savills looks to beat 2019 profit levels as positive trade continues

Read more
9 Nov 2021 08:05

Savills lifts full-year profit expectations

(Sharecast News) - Estate agent Savills lifted its full-year profit expectations on Tuesday as it highlighted strength in the UK and Asia Pacific.

Read more
6 Oct 2021 20:33

IN BRIEF: Savills director steps down from executive board

IN BRIEF: Savills director steps down from executive board

Read more
29 Sep 2021 16:04

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
8 Sep 2021 09:54

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

LONDON BROKER RATINGS: Bernstein starts Vodafone at Outperform

Read more
26 Aug 2021 15:54

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
5 Aug 2021 12:19

UPDATE 1-Real estate adviser Savills rides 'disproportionately strong' housing market

* Savills profit jumps in first half* Shares up 4.5%, top gainer on FTSE 250 (Adds CEO comments from call, details, updates share move)By Chris Peters and Aby Jose KoilparambilAug 5 (Reuters) - Real estate adviser Savills lifted its 2021 outlook on...

Read more
5 Aug 2021 12:11

LONDON MARKET MIDDAY: BoE sees inflation rising to 4% in near term

LONDON MARKET MIDDAY: BoE sees inflation rising to 4% in near term

Read more
5 Aug 2021 10:07

Real estate adviser Savills profit jumps as rides housing market rebound

* Profit jumps for the first half at 160-year old Savills* Says housing market "disproportionately strong"* Shares up 5.3%Aug 5 (Reuters) - Real estate adviser Savills lifted its 2021 outlook on Thursday as robust demand in the UK residential marke...

Read more
5 Aug 2021 09:10

LONDON MARKET OPEN: Muted start ahead of BoE; WPP, Mondi top FTSE 100

LONDON MARKET OPEN: Muted start ahead of BoE; WPP, Mondi top FTSE 100

Read more
5 Aug 2021 08:07

Savills expects full-year performance to be ahead of expectations

Savills expects full-year performance to be ahead of expectations

Read more
5 Aug 2021 08:03

Savills sees FY 'meaningfully' ahead of expectations as profits surge

(Sharecast News) - Upmarket real estate agent Savills lifted annual guidance as it reported a rise in first-half profits on the back of a booming UK property market.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.