FTSE 250 listed Savills has seen its value surge 7.8% after reporting record performance in a Covid bounceback.
The agent revealed revenue of almost £1bn in the first half of the year, up 18% on 2020. This is a 10% increase on pre-pandemic performance in 2019, with profit up 72% on 2019 figures.
Savills’ stock price ended the day at 1,250p, the highest level to date.
Elsewhere, the UK’s listed hotels companies climbed, following a number of government travel-related announcements, including relaxed quarantine rules for visitors from France, Dubai and India.
Premier Inn owner Whitbread rose 4.7% to 3,234p and Intercontinental Hotels Group rose 2.6% to 4,774p.
Despite climbing profit and ambitious plans to ‘reshape entire neighbourhoods’, Hammerson sank 4.8% to 35.7p.
Overall, the FTSE 100 was static at 7,120 and the FTSE 250 rose 0.7% to 23,506.
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