Shares in Savills rose by 3.8% on Thursday (10 March), after the agency reported record full-year results.
Revenue hit an annual high of £2.15bn and pre-tax profit stood at £200m – also a record. Chief executive Mark Ridley told EG the result showed the fruits of Savills’ approach to business during the pandemic: “hold the nerve, hold the course”.
The company’s shares closed at 1,183p.
The day’s sharpest real estate rise came from online estate agency Purplebricks, up by 7.5% at 15.59p, although that was a minimal gain in comparison with recent losses – the company has shed a third of its stock market value this year alone. Today it confirmed that chief executive Vic Darvey is leaving the business.
Russian real estate investor Raven Property Group continued its slide, dropping a further 15% to 8p a share.
The FTSE 100 closed at 7,099, a fall of 1.27%. The FTSE 250 was down 0.6% at 19,955.
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