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DTZ sees FY in line with expectations

Property adviser DTZ said it's still on track to report full year earnings in line with market expectations and expects £70m of cost savings for the year.

With the group's wider restructuring programme complete, £70m of cost savings expected for the full year, and strong performances to date from certain geographies, the group expects results to come in as expected, it said.

DTZ added, "It is encouraging to report that in certain markets we see signs of growing confidence and activity, a trend we highlighted in our half-year results."

Most improvement was seen in Asia Pacific, and in the key European Central Business Districts, most notably London and Paris.

However on a cautionary note DTZ said while there are signs of recovery in some areas of its industry, it's too early to determine to what extent this recovery will be sustained, particularly while wider economic uncertainty remains.

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