Business
AGM Statement and Interim Man
AGM Statement and Interim Man.
About this update from Savills Plc
[{"type":"text","content":"\n RNS Number : 3575L Savills PLC 05 May 2010 \n \n\n5 May 2010\nSAVILLS PLC\n(\"Savills\" or \"the Company\")\n \nAGM Statement and Interim Management Statement\n \nSavills plc, the international real estate advisor, is today holding its Annual General Meeting (AGM) at 12 noon, 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ and provides the following Interim Management Statement (IMS) for the period to 5 May 2010.\n \nThe pattern of trading that we reported at our full year results in March has continued. The first four months of the year have seen good trading performances from both our UK Residential and Asia Pacific businesses, and continued improvement in the UK Commercial market. The Continental European business has traded in line with our expectations of gradual improvement. Other business sectors are also performing broadly in line with our expectations.\n \nAs anticipated, there has been some evidence of slowing in activity in the UK markets in advance of the General Election, albeit in the context of a stronger than anticipated performance over the first quarter. In China, a significant contributor to our Asian business, there are signs that the Chinese government may look to take further action to stem rises in residential values. It is uncertain how these events will affect our cautious view about the potential performance of Asian markets in the second half of 2010. We would expect that greater clarity on market direction will have emerged by the time of the announcement of our interim results in August.\n \nIn the meantime, we are pleased with the overall performance of the group and continue to pursue our strategy of growing the business profitability, both organically and through selected investment opportunities as they arise.\n \nFor further information, contact:\n \nSavills 020 7409 8844\nJeremy Helsby, Group Chief Executive\nSimon Shaw, Group Chief Financial Officer\n \nTulchan Communications 020 7353 4200\nPeter Hewer\nMatthieu Roussellier\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IMSFMGGKRKRGGZG \n ","length":3051,"tagName":"div"}]