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Pin to quick picksSavills Share News (SVS)

Share Price Information for Savills (SVS)

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Share Price: 1,066.00
Bid: 1,074.00
Ask: 1,078.00
Change: 8.00 (0.76%)
Spread: 4.00 (0.372%)
Open: 1,055.00
High: 1,078.00
Low: 1,043.00
Prev. Close: 1,058.00
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LONDON MARKET PRE-OPEN: Evraz First Half Strong, Randgold Profit Down

Thu, 09th Aug 2018 07:50

LONDON (Alliance News) - Stock prices in London are seen opening higher on Thursday as steel maker Evraz reported a strong interim performance, while in the FTSE 250 brick maker Ibstock delivered on its promise of an extra shareholder return. IG futures indicate the FTSE 100 index is to open 11.70 points higher at 7,745.10. The FTSE 100 ended up 0.8%, or 58.17 points, at 7,776.65 on Wednesday.In early UK company news, FTSE 100 miner BHP Billiton has reached an agreement to settle the class action complaint filed in the US District Court of the Southern District of New York on behalf of purchasers of American Depositary Receipts of BHP Billiton Ltd and BHP Billiton PLC between September 2014 and November 2015 in relation to the Samarco dam failure in November 2015.As per the terms of the agreement, BHP has agreed to pay the plaintiffs USD50 million, with no admission of liability. The agreement is subject to approval by the District Court.Elsewhere in the large cap index, Randgold Resources reported a fall in second quarter pretax profit, the figure declining to USD74.3 million from USD87.3 million a year prior, as costs rose. Revenue for the three months to June increased to USD283.7 million from USD273.3 million, with gold sales rising 5% quarter-on-quarter to USD411.5 million. Cash costs were 4% higher on the first quarter and 15% higher year-on-year due to higher throughput at several mines, while total cash costs per ounce of gold rose 21% year-on-year. Randgold's gold output for the quarter was 313,302 ounces, 9% higher quarter-on-quarter.The company said the results show its ability "to deal with multiple challenges", such as work stoppages, negotiations over the Democratic Republic of the Congo's new mining code, as well as a permitting delay. Russian firm Evraz reported "strong" cash flow for the six months to June, rising to USD661 million from USD549 million. Revenue increased 24% to USD6.34 million for the period, while pretax profit soared to USD1.54 billion from USD294 million due to both the increase in revenue and a foreign exchange gain. Earnings before interest, tax, depreciation, and amortisation increased 66% year-on-year to USD1.15 billion, with the Ebitda margin climbing to 30% from 23% on the back of higher vanadium, steel, and coal prices as well as lower costs. Total debt has fallen by some USD646 million to USD4.79 billion, while cost savings of USD117 million were made in the period due to productivity improvements and cost-cutting, the company said.Evraz is paying a 40 US cent interim dividend, compared to 30 cents a year prior, when it restored its interim payout. Looking ahead, Evraz said it was pleased with its performance, and it expects the market to remain positive for the rest of 2018 despite possible price corrections. Travel and tourism firm TUI Group reported third-quarter group profit attributable to shareholders surged to EUR146.3 million from EUR47.7 million in the prior-year quarter.Underlying earnings before interest, tax, and amortisation declined 13% to EUR193.4 million, while third-quarter revenue grew 5% to EUR5.02 billion.Looking ahead, TUI said based on the positive third-quarter results and current trading, it expects for its full year to deliver at least 10% growth in underlying Ebita and around 3% growth in revenue, excluding cost inflation relating to currency movements.Insurer Legal & General reported a rise in operating profit of 5% to GBP909 million for the six months to June, with five of its six businesses increasing operating profit, but pretax profit fell 19% to GBP942 million. Legal & General's return on equity was 20.3% for the period from 26.7%, while its Solvency II coverage ratio stood at 193% from 186%. The company is paying an interim dividend of 4.60 pence per share, compared to 4.30p a year prior.Overall, Legal & General said it was a "consistent, positive" result, and it looks forward to an "exceptionally busy" second half, with the company well positioned going ahead. In the midcap FTSE 250, brickmaker Ibstock confirmed it is paying a special dividend alongside its normal interim payout, following a strong six months to June of cash generation and a positive market.Ibstock is paying a supplementary dividend of 6.5p for the period, alongside an interim dividend of 3.0p compared to 2.6p a year prior.The company had said at the time of its 2017 results in 2017 it was mulling extra shareholder returns and that it would be similar to the final dividend of that year, which was 6.5p.Revenue nudged up 0.7% to GBP229.9 million, while pretax profit was up 31% to GBP50.9 million but adjusted Ebitda fell 2.2% to GBP58.4 million due to previously cited bad weather and higher energy costs. Ibstock said brick demand in the UK was strong in the half, but maintenance spending in brick making assets will hit short-term financial performance.However, the market remains strong, it said, and it is well placed for a good second half. Card Factory reported total first half sales growth, for the six months to July 31, of 3.2%, but like-for-like sales fell 0.2% due to the weak consumer environment and "extreme" weather.This like-for-like sales growth compares to the 3.1% recorded in the same period a year prior. In its Getting Personal business, sales fell 8.5% year-on-year. The first half a year ago had reported 5% sales growth on the year before that. Due to weather, and the uncertain UK consumer environment, Card Factory expects underlying Ebitda for its year ending January to be between GBP89 million and GBP91 million, with the figure in its last financial year GBP94.0 million. However, it does expect a return of surplus cash towards the end of its year of between 5p and 10p a share. Estate agent Savills reported 2% revenue growth for the six months to June, rising 5% at constant currency, to GBP727.8 million. However, underlying pretax profit fell 12%, and 10% constant currency, to GBP42.4 million, with the reported figure falling 18% to GBP26.7 million. Savills is paying an interim dividend of 4.8p per share, from the 4.65p it paid a year before. The company said full-year expectations remain unchanged, and that is has been "resilient" in the face of difficult market conditions with a good pipeline for the second half of the year. Property firm Derwent London increased its net rental income for the six months to June to GBP80.6 million, a 1.6% rise. Derwent London's net asset value fell 0.1% after dividends to 3,713p from December's figure, while it has raised its interim dividend 10% to 19.10p. New lettings rose 8.2% on December to GBP8.4 million, and Derwent London's portfolio value has risen 1.3% to GBP5.0 billion. Derwent London is confident in can grow earnings over the medium term with London's occupier demand "robust". Cineworld's revenue for the first half rose to USD1.86 billion from USD528.7 million, with the results including its Regal Entertainment acquisition in February.Pretax profit for the six months to June more than doubled to USD160.2 million from USD60.5 million, while adjusted pretax profit has likewise soared to USD152.4 million from USD54 million.Admissions for the period rose 4.9% on a pro forma basis, with pro forma revenue up 11% to USD2.46 billion and adjusted Ebitda up 14% pro forma to USD553.8 million. Cineworld is paying an interim dividend of 4.85 US cents per share, compared to 6p a year prior - the company has switched to reporting in dollars following the Regal takeover.Elsewhere, AA said it is on track to deliver its Ebitda guidance despite poor weather in the six months to July. Paid memberships have fallen 1% to 3.3 million, as expected, as AA's retention rate decreased, hit by higher competitiveness and regulation. AA's Insurance business has done well, with motor policies rising 7% year-on-year, while cash generation is strong, it said. Turning to the US-China trade spat, China will impose retaliatory tariffs on USD16 billion worth of US goods starting on August 23, the Commerce Ministry said on Wednesday.The announcement came hours after the US announced it will impose 25% duties on the same amount of Chinese goods, starting on the same date.China's 25% tariffs will apply to US products such as coal, gasoline, vehicles, motorcycles and medical equipment.It is the second round of duties imposed by the countries as Washington and Beijing exchange tit-for-tat measures in an escalating trade war.In China, the Shanghai Composite closed 1.8% higher on Thursday.Consumer prices in China rose 2.1% on year in July, the National Bureau of Statistics said on Thursday. That exceeded expectations for 2.0% and was up from 1.9% in June. On a monthly basis, CPI added 0.3% after easing 0.1% in June.The bureau also said producer prices jumped an annual 4.6% - beating forecasts for 4.5% and down from 4.7% in the previous month.In other political news, the US announced fresh sanctions on Moscow on Wednesday, citing Russia's responsibility for an assassination attempt on a former double agent, Sergei Skripal and his daughter in an English city earlier this year with a nerve agent.The sanctions, which will likely come into effect on August 22, would affect a range of security and defence goods. Certain exceptions would be made for commercial aviation and space flight materials.The State Department said the US had determined Russia had used weapons banned under a chemical and biological weapons act, a law which mandates the imposition of sanctions. The law has been used twice before, on Syria and North Korea.Britain has long blamed Russia for the attack, though Moscow denies involvement. The US had previously expelled Russian diplomats in a sign of solidarity with Britain.The pound was quoted at USD1.2874 early Thursday compared to USD1.2888 at the London equities close Wednesday, as sterling slips below the USD1.29 mark for the first time since last September on fears of a no-deal Brexit. The euro stood at USD1.1604 early Thursday, down from USD1.1620 at the European equities close Wednesday.Stocks in New York were mixed at the London equities close Wednesday. The DJIA was down 0.1%, the S&P 500 index up 0.1% and the Nasdaq Composite up 0.1%.Coming up in US economic news on Thursday is July PPI at 1330 BST, with consensus expecting producer price inflation to remain flat at 3.4%, CMC Markets UK's Madden said. The Japanese Nikkei 225 index closed 0.2% lower Thursday, while the Hang Seng index in Hong Kong is up 1.2%.
More News
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
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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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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