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BUZZ-UK property cos: updates get divergent reactions

Thu, 15th Jan 2015 10:42

** Property cos Savills & Bovis Homes atopposite ends of the FTSE 250 after trading updates

** Consultant Savills top riser, up 6.7 pct at levels lastseen in 2007 as raises 2014 profit forecast; saw strongperformances across its businesses in Dec

** Builder BH 6th-top faller & at lowest levels since Oct;update broadly in-line, but volume will increase at a slowerpace in 2015 than 2014

** Numis Secs cuts rating on BH to "add" vs "buy" & reducesits 2015 ests in view of more cautious outlook on volumes

** Among most actively traded midcap stocks; Savills tradedmore than twice 90-day daily avg volume & Bovis its normalvolume already (RM: tricia.wright1.thomsonreuters.com@reuters.net)

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