FTSE 250 movers: Real estate stocks Savills and Derwent London sink

Shares in Savills plunged nearly 12% on Thursday after the real estate advisor said it is cutting its forecasts for the financial year after a tough first half which saw profits sink 72%.

Savills

10 August 2023 15:12:14

Source: Sharecast

Savills is the latest in a string of real estate and housebuilding companies to report challenging operating conditions, owing mainly to higher borrowing costs for mortgage holders, and the wider cost-of-living crisis.

Revenues for the six months ended 30 June were down 3% year-on-year at £1.01bn, but underlying profit sank to just £16.3m from £59.2m the year before.

Elsewhere in the sector, property investor Derwent London also declined after recording a loss of £143.1m before tax in the first half, a drastic shift from the £137.1m profit it noted the year before.

Among the risers was Watches of Switzerland as it posted in-line first-quarter sales and reiterated its full-year guidance amid "robust" demand for luxury watches.

Capita was in demand on the news of its decision to offload its travel and events divisions, Agiito and Evolvi, to Clarity Travel in a deal valued at £36.5m.

OSB Group, the specialist mortgage lender, admitted to a "disappointing" set of first-half results. But the stock gained ground, rebounding after losing a quarter of its value since the start of the year. Broker Shore Capital said while it is likely to revise its price estimate on today's figures, "we still think the shares offer significant fundamental upside from the current level".

FTSE 250 - Risers

Watches of Switzerland Group (WOSG) 710.50p 4.41%
OSB Group (OSB) 390.60p 3.88%
Liontrust Asset Management (LIO) 641.50p 3.47%
Baltic Classifieds Group (BCG) 211.00p 3.18%
Virgin Money UK (VMUK) 170.35p 3.06%
Capita (CPI) 20.08p 2.82%
IWG (IWG) 170.20p 2.35%
Ashmore Group (ASHM) 202.60p 2.27%
Molten Ventures (GROW) 258.00p 2.14%
easyJet (EZJ) 454.80p 2.09%

FTSE 250 - Fallers

Savills (SVS) 875.50p -11.70%
AJ Bell (AJB) 301.80p -5.45%
Vanquis Banking Group 20 (VANQ) 112.20p -4.43%
Domino's Pizza Group (DOM) 406.40p -4.29%
Bakkavor Group (BAKK) 102.00p -3.32%
North Atlantic Smaller Companies Inv Trust (NAS) 3,710.00p -2.88%
FDM Group (Holdings) (FDM) 522.00p -2.61%
CLS Holdings (CLI) 128.00p -2.44%
Mobico Group (MCG) 84.40p -2.37%
Man Group (EMG) 215.20p -2.18%

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

Capita ( CPI )

Isin: GB00BPCT7534

Exchange: London Stock Exchange

Sell:

322.50 p

Buy:

325.50 p

Change:

-16.50

(-4.84%)

Date: 23/07/2025 - 09:30

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

IWeb is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

The IWeb Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales no. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

The data provided on the website by Broadridge is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. Broadridge makes no assurances or warranties, expressed or implied, as to the accuracy, timeliness, fitness for purpose or availability of the mechanisms by which we receive, store and/or distribute the data. Any views and opinions made on this website do not represent those of Broadridge.