Europe drags down Savills

Property consultancy Savills has reported a slump in pre-tax profits as it battles a Eurozone recession and caution in Asia.

Property consultancy Savills has reported a slump in pre-tax profits as it battles a Eurozone recession and caution in Asia.

Revenue for the half year to the end of June was £353.3m, up 5% on the prior year but underlying profits before tax fell 4% to £19.7m.

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