View more on these topics

Savills reports £20m profit in first half of 2011

Savills reported a pre-tax profit of £20m for the first six months of the year, which was a 39 per cent increase on the £14.4m reported in the same period last year.

The former Savills Private Finance parent company’s revenue for the first half of the year was also up compared to the first half of last year, increasing 10 per cent from £304.4m to £335.8m.

Money Marketing revealed in May that SPF’s management had completed a buyout of the brokerage from parent company Savills, which still holds a 19.99 per cent stake in the company. The company was renamed SPF Private Clients.

Group chief executive Jeremy Helsby says: “Looking to the second half, we currently see no material change in the outlook for our business, although the potential effects of the current economic and social volatility are likely to have some impact on both Commercial and Residential transaction markets across our regions.”

Recommended

Record sales for fund of funds, IMA stats

Multi-manager net retail sales totalled £3.8bn for the first six months of 2011, the highest half year on record, according to the latest statistics from the Investment Management Association. In the second quarter of this year, net retail sales for multi-manager sector totalled £2bn, above the quarterly average of £1.8bn for the previous four quarters. […]

Gary Potter points to absolute return fears

Thames River co-head of multi-manager Gary Potter has warned investors that now could be a dangerous time to invest in the absolute return sector. Potter says a combination of uncertain markets and the fact that the absolute return sector is still in its infancy means that investors driven towards this area due to the current […]

When is £1m not £1m?

Neil Jones is technical support manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. The residential nil-rate band (RNRB) was first announced in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com