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Business

‘Strong year’ for Savills investment team in Leeds but lower group profit

The property adviser and agent saw revenues for 2020 fall nine per cent to £1.74bn and underlying pre-tax profit fall a third to £96.6m. Savills’ transactional business was particularly hard hit, with underlying profits down 72 per cent to £19.4m. In a statement, the group said that transactional activity would remain suppressed in the first half of 2021

Business

Suzanne Robinson: The North can’t get left behind

EY’s recent Regional Economic Forecast revealed that the region’s economy will be one of four not expected to return to its 2019 levels by 2023 (when measured by Gross Value Added), while employment in the region will be lower by 2023 than it was in 2019.