Savills rises on year-end update

Shares in estate agency Savills (LON:SVS) climbed 5.13% to 1,208p (as of 14:20 GMT) as it delivered robust results for 2019 despite challenging conditions in UK and Hong Kong markets. Management said that there had been a strong close to the year in the UK after the general election.

The US and investment management divisions also beat expectations and therefore the company’s underlying results will be at the upper end of existing guidance despite a disappointing performance in continental Europe.