Mark Ridley
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Latest property news
Declining transaction volumes dampen results for Savills
Group CEO, Mark Ridley reveals revenue from residential transactions in the UK decreased by 18% totalling £171 million, down from £208.3 million in 2022.
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Housing Market
Revenue at Savills rises 22% including nearly £500m turnover in UK
The UK residential property market was driven by a surge in demand for larger properties with more outdoor space, as well as increased activity in the prime London market.
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Revenues double at Savills despite continuing London problems
Estate agency says high street network did well during first half of year but sales and lettings still dogged by AWOL international clients.
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Savills promises to revisit CEO’s bonus after shareholder revolt at AGM
Nearly a fifth of shareholders at the company's AGM voted not to approve the board's remuneration report.
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Savills reports ‘astonishing’ post-lockdown estate agency revival
Globally Savills has seen revenues drop by up to 25% at its commercial operation but its UK residential bounced back strongly.
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Latest property news
Covid: Profits slump by 54% at Savills’ UK residential operation
Figures would be worse but for 'an oustanding' performance at its lettings and build-to-rent division, and a sharp recovery in the country sales market.
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Profits come to a standstill within Savills’ UK business, its latest results reveal
The £1.76 billion global company says political uncertainty is impacting its business all over the world and has warned of a bumpy ride during 2019.
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Gender pay gap: Savills says women are paid 37% less than men within its UK operation
Savills has become the first UK estate agent to break cover and publish its gender pay gap data under the government’s new reporting requirements. From this year, any organisation with more than 250 employees is required by law to report and publish their gender pay gap data by 5th April each year. Excluding its City trading arm, the median gender pay gap at Savills is currently 37% while the median bonus gap is 69%. And more men than women receive bonuses in the UK – 88% of male employees compared to 80% of female ones. This, CEO Mark Ridley (pictured, left) says, is largely down to the industry’s track record, which has “historically attracted fewer women than men, with the result that there are now more men than women at a senior level”. “Addressing this imbalance is a key focus for Savills UK and we believe that we have made significant progress over the last few years to improve diversity in our business.” One key achievement for the company is its ‘return to work coaching programme’ which has seen the ratio of women returning to Savills after maternity leave increase from 10% to 95% since 2015. Mark also says its…
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Go-to estate agent employer for graduate applicants revealed
Savills has been named Graduate Employer of Choice in a survey of over 20,000 applicants by The Times newspaper. Competitors JLL were placed second and Knight Frank third. The awards were held last week in London and presented by Martin Birchall from specialist market research company High Fliers. This is the 11th time that Savills has won the accolade from the newspaper, which also recently placed the company 94th in the UK within its other graduate rankings scheme, Top 100 Graduate Employers. This was the first time the company has been included in the list, which is topped by accounting giant PwC, and makes it the only agent to get into the rankings this year. Savills is coy about how much it pays its annual 170-strong graduate intake, but website Glassdoor.co.uk reckons Savills pays starter associates £36,275. Knight Frank pays £37, 169, the website says, and JLL approximately £31,000. Mark Ridley, CEO of Savills UK and Europe (pictured), says: “To have secured this award for the eleventh consecutive year is a tremendous achievement and one of which we are incredibly proud. “Furthermore, this prestigious recognition underlines the importance we place on offering a first class programme that provides our graduates…
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