Savills saw a sharp rise in its value up 7.6%, despite revenue and profit drops in annual results.
The agent reported group revenue down 9%, with UK revenue dipping just 2%. It said performance had been resilient, with declines mitigated by upticks in property management and residential. Savills ended the day at 79p.
Palace Capital saw the largest gains in property, rising 10.9%, building on yesterday’s rally following plans to pay out its quarterly dividend at the same rate as last quarter.
Elsewhere, Secure Income REIT fell 2.3% to 345.5p. The REIT reported NAV down 12% with a portfolio valuation down 6.5% in its full-year results.
The FTSE 100 nudged up 0.17% and the FTSE rose 0.59%.
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