Property Group Warns of Profits Slump

Daily PostDecember 18, 2008

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Summary


UP-MARKET property group Savills warned about full-year profits after a worse than expected slump in deals across its US, European and mortgage broking operations.

Shares in the group dropped 13%, as Savills cautioned that 2008 underlying pre-tax profits would be "significantly" below current market expectations.

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Property Group Warns of Profits Slump

The group said its UK residential an...

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