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Pin to quick picksSavills Share News (SVS)

Share Price Information for Savills (SVS)

London Stock Exchange
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Share Price: 1,061.00
Bid: 1,058.00
Ask: 1,061.00
Change: 3.00 (0.28%)
Spread: 3.00 (0.284%)
Open: 1,055.00
High: 1,061.00
Low: 1,043.00
Prev. Close: 1,058.00
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Broker tips: Standard Chartered, Balfour Beatty, Savills

Wed, 17th Aug 2016 10:01

(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 dollar-dominated.Shares have gained 17% since the EU referendum result on 24 June compared to a 9% rise for the Euro Stoxx Bank index."There could be some further upside from GBP depreciation: the UK currency may need to adjust further to maintain the capital inflows necessary to fund the current account deficit. But at some point fundamentals will re-assert themselves, and the message from second quarter results is not encouraging," HSBC said.HSBC added that it seems increasingly likely that the group will not achieve its target of an 8% return on equity (ROE) by 2018 unless revenues rebound about $3bn. HSBC expects an ROE of 6% in 2018.The bank said slower economic growth in Asian economies and the deferral of US interest rate increases are part to blame. In addition the de-risking of the group has proved "more damaging to revenues than envisaged by management", HSBC said."The key upside risk relates to the exchange rate. Continued depreciation of GBP relative to the USD would raise the value of the group's dollar-denominated earnings for UK investors."The main downside risk is systemic credit issues in HongKong and China initiated by rising US rates." Numis raised its rating on Balfour Beatty to 'buy' from 'add' and reiterated its target price of 294p on Wednesday after the company reported its half year results.Balfour reported a pre-tax loss of £21m, down from £150m the same time a year ago, on revenue of £4.1bn, down from £4.2bn.The order book was up 7% at constant exchange rates to £12.4bn and the company reinstated it dividend with a 0.9p per share payment in a sign that the turnaround plan under boss Leo Quinn is bearing fruit."There are a number of key positives in the interim results out today - strong cash performance (enhanced from 2017 onwards by the new deficit payment plan), while Investments and Services (ex-UK Construction) are performing as expected and Services is back into profit," said Numis."Construction UK (CSUK) H1 losses should enable completion of the majority of legacy issue by end 2016, but we believe it prudent to assume it will not fully offset H1 loss in full year numbers. However, this needs to be put in context - we expect CSUK to move into profit in H2 2016 and continue to expect 2017 and 2018 recovery in line with previous expectations."As a result Numis said it believes Balfour is at a turning point, especially given the reinstatement of an interim dividend.The broker added: "We retain the view that the move toward 'industry standard' margins by 2018, together with the underpinning (and potentially increasing) of value in Investments, provides significant upside on a short and medium term basis." 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 geography or business stream," Citi said.The bank said real estate as an asset class is likely to remain attractive, given the ongoing search for yield."Savills, as a facilitator of capital flows into this asset class, operating on a global scale, with a significant proportion of non-transactional related revenues (around 55% of group revenues), remains well placed in our view."Citi pointed out that Savills shares have de-rated by around 20% year-to-date and now trade at an attractive 2017 price-to-earnings of 10.6x, supported by a 4% dividend yield.It said that given the share price underperformance, its unchanged target price of 815p now implies total potential return of 18%."We retain the view that Savills is an extremely well managed operation with true global reach underpinned by a significant proportion of non-transactional revenues."
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14 Mar 2024 12:20

Savills lowers dividend as profit and revenue hit by market conditions

(Alliance News) - Savills PLC on Thursday reported some dampened results, as its battled with "challenging market conditions" throughout the year.

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14 Mar 2024 09:09

Profits tumble at Savills after 'challenging' year

(Sharecast News) - Property firm Savills posted a slump in annual profits on Thursday, but said it expected to see a recovery in the real estate market later this year.

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7 Mar 2024 16:04

UK earnings, trading statements calendar - next 7 days

Friday 8 March 
Informa PLCFull Year Results
Just Group PLCFull Year Results
LMS Capital PLCFull Year Results
Stelrad Group PLCFull Year Results
Monday 11 March 
HgCapital Trust PLCFull Year Results
Mincon Group PLCFull Year Results
MTI Wireless Edge LtdFull Year Results
Tuesday 12 March 
BATM Advanced Communications LtdFull Year Results
Costain Group PLCFull Year Results
Domino's Pizza Group PLCFull Year Results
Fonix Mobile PLCHalf Year Results
Foresight Solar Fund LtdFull Year Results
Genuit PLCFull Year Results
H&T Group PLCFull Year Results
Hill & Smith PLCFull Year Results
MaxCyte IncFull Year Results
Persimmon PLCFull Year Results
Synthomer PLCFull Year Results
Target Healthcare REIT PLCHalf Year Results
TI Fluid Systems PLCFull Year Results
TP ICAP Group PLCFull Year Results
Wednesday 13 March 
4imprint Group PLCFull Year Results
Advanced Medical Solutions Group PLCFull Year Results
Balfour Beatty PLCFull Year Results
Centaur Media PLCFull Year Results
Faron Pharmaceuticals LtdFull Year Results
Ferrexpo PLCFull Year Results
Gym Group PLCFull Year Results
Hochschild Mining PLCFull Year Results
IP Group PLCFull Year Results
Keywords Studios PLCFull Year Results
Kin & Carta PLCHalf Year Results
Metro Bank Holdings PLCFull Year Results
Nexteq PLCFull Year Results
PensionBee Group PLCFull Year Results
Public Policy Holding Co IncFull Year Results
Seraphim Space Investment Trust PLCHalf Year Results
Supermarket Income REIT PLCHalf Year Results
Trainline PLCTrading Statement
Vaalco Energy IncFull Year Results
Thursday 14 March 
Alfa Financial Software Holdings PLCFull Year Results
Bridgepoint Group PLCFull Year Results
Capricorn Energy PLCFull Year Results
Deliveroo PLCFull Year Results
Empiric Student Property PLCFull Year Results
Gem Diamonds LtdFull Year Results
Halma PLCTrading Statement
Helios Towers PLCFull Year Results
IG Group Holdings PLCTrading Statement
Moonpig Group PLCTrading Statement
Morgan Advanced Materials PLCFull Year Results
Oakley Capital Investments LtdFull Year Results
OSB Group PLCFull Year Results
Restore PLCFull Year Results
Trainline PLCTrading Statement
Savills PLCFull Year Results
Vistry Group PLCFull Year Results
  
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11 Jan 2024 09:38

Savills to meet forecasts despite 'challenging' year

(Sharecast News) - Savills said on Thursday that it remained on track to meet full-year profit expectations, despite global real estate markets coming under pressure throughout 2023.

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11 Jan 2024 09:31

Savills expects to report lower profit amid "extremely subdued" market

(Alliance News) - Savills PLC on Thursday said profit was down in 2023, blaming higher interest rates, "geopolitical events", and "uncertainties over the future role of offices".

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5 Jan 2024 10:33

IN BRIEF: Minoan Group upgrades forecast for Cavo Sidero project

Minoan Group PLC - developer of hotel resort projects in Crete - Expects annual revenue from its planned Cavo Sidero resort to be "considerably in excess of EUR100 million". This is based on an updated business plan for the project, prepared with the help of property agent Savills PLC, that takes into account recent increases in room rates at high-end tourist resorts. Cavo Sidero sits on a peninsula facing the Mediterranean, and Minoan is permitted to build 108,000 square metres of space in five locations for hotels and resorts. Minoan says it continues to talk to the Public Welfare Ecclesiastical Foundation Panagia Akrotiriani about being granted an 'epifania', equivalent to a 99-year ground lease, for the project. In the meantime, Minoan is moving ahead on the basis of its existing contract. It is preparing an environmental study, which is required before building.

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27 Nov 2023 11:09

abrdn European Logistics mulls sale as shares trade at "discount"

(Alliance News) - abrdn European Logistics Income PLC on Monday announced a strategic review which could result in its sale.

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13 Nov 2023 14:48

Savills appoints David Lipson as head of North America business

(Sharecast News) - Savills said on Monday that it has appointed David Lipson as the new chief executive of its North America business with effect from 1 January 2024.

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25 Sep 2023 15:51

UK dividends calendar - next 7 days

Tuesday 26 September 
abrdn PLCdividend payment date
Anglo American PLCdividend payment date
Hiscox Ltddividend payment date
Legal & General Group PLCdividend payment date
TP ICAP Group PLCex-dividend payment date
Wednesday 27 September 
Genuit Group PLCdividend payment date
Thursday 28 September 
abrdn Smaller Companies Income Trust PLCex-dividend payment date
Advanced Medical Solutions Group PLCex-dividend payment date
Alumasc Group PLCex-dividend payment date
Barratt Developments PLCex-dividend payment date
Blackrock Energy & Resources Income Trust PLCex-dividend payment date
British American Tobacco PLCex-dividend payment date
Central Asia Metals PLCex-dividend payment date
Chesnara PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
Computacenter PLCex-dividend payment date
ConvaTec Group PLCdividend payment date
Ecora Resources PLCex-dividend payment date
Fevertree Drinks PLCex-dividend payment date
Fintel PLCex-dividend payment date
Foresight Group Holdings Ltdex-dividend payment date
FRP Advisory Group PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
Gateley Holdings PLCex-dividend payment date
Gore Street Energy Storage Fund PLCex-dividend payment date
Henry Boot PLCex-dividend payment date
HgCapital Trust PLCex-dividend payment date
Hipgnosis Songs Fund Ltdex-dividend payment date
JPMorgan Multi-Asset Growth & Income PLCex-dividend payment date
Kainos Group PLCex-dividend payment date
Life Science REIT PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
M&G PLCex-dividend payment date
Mercantile Investment Trust PLCex-dividend payment date
Mid Wynd International Investment Trust PLCex-dividend payment date
Mid Wynd International Investment Trust PLCspecial ex-dividend payment date
Miton UK MicroCap Trust PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Rightmove PLCex-dividend payment date
Secure Trust Bank PLCdividend payment date
Smurfit Kappa Group PLCex-dividend payment date
Trifast PLCex-dividend payment date
Uniphar PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Wickes Group PLCex-dividend payment date
Friday 29 September 
abrdn Japan Investment Trustdividend payment date
Alliance Trust PLCdividend payment date
Antofagasta PLCdividend payment date
Artemis Alpha Trust PLCdividend payment date
Atlantis Japan Growth Fund Ltddividend payment date
Carr's Group PLCdividend payment date
Centamin PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
DWF Group PLCspecial dividend payment date
Energean PLCdividend payment date
Henderson Diversified Income Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Imperial Brands PLCdividend payment date
International Personal Finance PLCdividend payment date
Ithaca Energy PLCdividend payment date
Knights Group Holdings PLCdividend payment date
Mondi PLCdividend payment date
NextEnergy Solar Fund Ltddividend payment date
Pollen Street PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Redde Northgate PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Robert Walters PLCdividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
TClarke PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Triple Point Energy Transition PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Monday 2 October 
BlackRock Sustainable American Income Trust PLCdividend payment date
Hammerson PLCdividend payment date
Savills PLCdividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Aug 2023 15:48

UK dividends calendar - next 7 days

Friday 25 August 
Aberforth Smaller Companies Trust PLCdividend payment date
abrdn Asian Income Fund Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Aptitude Software Group PLCdividend payment date
Atrato Onsite Energy PLCdividend payment date
Bellevue Healthcare Trust PLCdividend payment date
Bloomsbury Publishing PLCdividend payment date
D4t4 Solutions PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
GCP Asset Backed Income Fund Ltddividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
International Biotechnology Trust PLCdividend payment date
James Latham PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Nexteq PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Volex PLCdividend payment date
Monday 28 August 
no events scheduled 
Tuesday 29 August 
no events scheduled 
Wednesday 30 August 
JPMorgan Global Core Real Assets Ltddividend payment date
Majedie Investments PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Thursday 31 August 
abrdn Equity Income Trust PLCex-dividend payment date
abrdn Property Income Trust Ltddividend payment date
AEW UK REIT PLCdividend payment date
Alliance Trust PLCex-dividend payment date
Antofagasta PLCex-dividend payment date
Bankers Investment Trust PLCdividend payment date
Capital & Regional PLCex-dividend payment date
Centamin PLCex-dividend payment date
City Of London Investment Trust PLCdividend payment date
Clarkson PLCex-dividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Croda International PLCex-dividend payment date
Custodian Property Income REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Genuit Group PLCex-dividend payment date
Glencore PLCex-dividend payment date
Glencore PLCspecial ex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Henderson International Income Trust PLCdividend payment date
InterContinental Hotels Group PLCex-dividend payment date
International Personal Finance PLCex-dividend payment date
Ithaca Energy PLCex-dividend payment date
JPMorgan American Investment Trust PLCex-dividend payment date
JPMorgan Global Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
LondonMetric Property PLCex-dividend payment date
PageGroup PLCex-dividend payment date
PageGroup PLCspecial ex-dividend payment date
Picton Property Income Ltddividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
Quilter PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
Robert Walters PLCex-dividend payment date
Savills PLCex-dividend payment date
Secure Trust Bank PLCex-dividend payment date
TClarke PLCex-dividend payment date
Tritax Big Box REIT PLCdividend payment date
UK Commercial Property REIT Ltddividend payment date
Unilever PLCdividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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15 Aug 2023 08:07

London open: Housing stocks pull FTSE lower on rate-hike fears

(Sharecast News) - The FTSE 100 dropped in early trade on Tuesday as investors reacted to an unexpected acceleration in UK wage growth and a surprise interest rate cut in China.

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10 Aug 2023 17:30

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

China eased travel restrictions

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10 Aug 2023 16:57

LONDON MARKET CLOSE: Stocks up as US inflation data points to pause

(Alliance News) - Stocks in London were largely higher at the close on Thursday after a surprise US inflation print helped lift hopes that the US Federal Reserve's rate hiking cycle will soon be at an end.

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10 Aug 2023 15:01

FTSE 250 movers: Real estate stocks Savills and Derwent London sink

(Sharecast News) - Shares in Savills plunged nearly 12% on Thursday after the real estate advisor said it is cutting its forecasts for the financial year after a tough first half which saw profits sink 72%.

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10 Aug 2023 11:59

London midday: Markets subdued ahead of US CPI data

(Sharecast News) - Investors were keeping their powder dry on Thursday in London as stock markets chose to remain cautious ahead of a much-anticipated US inflation report later on.

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