Savills falls on market fears
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The share price of real estate firm Savills (LON:SVS) fell by 4.97% to 726.50p (as of 13:30 GMT) after it warned that its 2019 prospects were subject to global political and macroeconomic uncertainties. Transaction numbers are expected to drop across multiple markets, with management hoping that growth in other divisions will mean results for the year will be consistent with 2018.
The company said that the performance during 2018 was in line with expectations and was primarily driven by non-transactional business activities.
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