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Peel Hunt has reiterated its 'buy' rating and 1,400p target price on Savills PLC (LSE:SVS), the FTSE 250 property services group, after an annual general meeting update showed trading running marginally ahead of board expectations. The broker said the shares, which have fallen 16% year to date, now trade on a price-to-earnings ratio (a measure of how much investors pay per pound of profit) of around 9 times forecast…

British property advisor Savills ‌said on Wednesday that it expects a fall ​and a delay in ​advisory transactions, weighed down ⁠by macroeconomic uncertainty arising ​from the Middle East ​conflict.