UK's Savills slumps to more than one-year low as lack of turnaround plan disappoints

Savills

13/03/2025 10:53

** Shares of global real estate company Savills SVS.L fall ~8.7% to 904p; lowest since February 2024

** Analysts point to lack of turnaround plan

** "Savills has been on the downward move for months, and it just seems like the shares are in need of a turnaround plan, and the report has not really delivered it," says Chris Beauchamp,

chief market analyst at online trading platform IG

** SVS expects the drive to get employees back to office to help transaction volumes in 2025

** Stock fell more than 20% in last six months

** As of last close, SVS down ~4% YTD

($1 = 0.7717 pounds)

 (Reporting by Radhika Anilkumar in Bengaluru;)

 ((Radhika.Anilkumar@thomsonreuters.com;))