Savills FS results hit by property doldrums

Jones, Lee
September 2009
Money Marketing;9/3/2009, p13
The article reports that financial service firm, Savills PLC has experienced a downturn, having recorded a loss of around 2.1 million pounds in the first half of 2009 in Great Britain. It mentions that the company has only made a profit of 1.6 million pounds which is down by 27% as compared to its gain six months ago. Jeremy Helsby, the company's chief executive officer (CEO) affirms that the result was due to the firm's complacency amidst tough trading conditions.


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