Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video 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: 1,164.00
Bid: 1,162.00
Ask: 1,166.00
Change: 10.00 (0.87%)
Spread: 4.00 (0.344%)
Open: 1,170.00
High: 1,172.00
Low: 1,146.00
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
1 Jul 2020 17:15

UK DIRECTOR DEALINGS SUMMARY: Braveheart Buys Stake In RMS From Brown

UK DIRECTOR DEALINGS SUMMARY: Braveheart Buys Stake In RMS From Brown

Read more
25 Jun 2020 09:55

Savills Annual Performance Dependent On Transactional Market Recovery

Savills Annual Performance Dependent On Transactional Market Recovery

Read more
25 Jun 2020 08:12

Savills to be profitable in 2020 despite Covid-19 impact

(Sharecast News) - Savills said it expected to be profitable in 2020 despite the impact of Covid-19 on global property markets and that its debt had fallen.

Read more
18 Jun 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
1 Apr 2020 08:39

Savills Pulls Dividend For Now But Could Declare Boosted Payout Later

Savills Pulls Dividend For Now But Could Declare Boosted Payout Later

Read more
1 Apr 2020 07:45

LONDON MARKET PRE-OPEN: UK Banks Scrap Dividends And Buybacks In 2020

LONDON MARKET PRE-OPEN: UK Banks Scrap Dividends And Buybacks In 2020

Read more
1 Apr 2020 07:39

Savills pulls dividend payouts

(Sharecast News) - Real estate agent Savills said it was pulling its final and supplemental interim dividends to save cash in response to the coronavirus pandemic.

Read more
13 Mar 2020 13:17

Friday broker round-up

(Sharecast News) - Balfour Beatty: UBS upgrades to buy with a target price of 350p.

Read more
12 Mar 2020 09:02

Savills Profit Rises In 2019 As Less-Transactional Businesses Prosper

Savills Profit Rises In 2019 As Less-Transactional Businesses Prosper

Read more
12 Mar 2020 07:49

Savills posts rise in revenue, steady profits

(Sharecast News) - Savills reported steady full-year profits and an increase in revenue on Thursday as it announced the acquisition of US project management firm Macro Consultants and cautioned over the impact of the coronavirus.

Read more
5 Mar 2020 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
27 Feb 2020 17:56

EXECUTIVE CHANGE SUMMARY: Burford Capital Adds Independent Directors

EXECUTIVE CHANGE SUMMARY: Burford Capital Adds Independent Directors

Read more
3 Feb 2020 10:40

UK WINNERS & LOSERS SUMMARY: Future Rebounds From Short-Seller Hit

UK WINNERS & LOSERS SUMMARY: Future Rebounds From Short-Seller Hit

Read more
3 Feb 2020 09:24

UK BROKER RATINGS SUMMARY: Goldman Sachs Likes Hiscox Among Insurers

UK BROKER RATINGS SUMMARY: Goldman Sachs Likes Hiscox Among Insurers

Read more
13 Jan 2020 17:05

UPDATE 2-FTSE 100 climbs as U.S.-China trade deal nears; midcaps outshine

* FTSE 100 up 0.4%, FTSE 250 up 0.7%* U.S.-China trade deal back in focus* Midcaps boosted by BoE rate-cut hopes* Pennon, Spirent also support FTSE 250* Housebuilders gain after upbeat view from Savills (Adds company news items, updates share moves)...

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.