Accordiing to the Independent, Savills will reveal a 45% slump in business when it reports half-year results on Thursday, and all the talk will be about job cuts. Meanwhile Foxtons, just a year after a private equity buy-out, is apparently using NM Rothschild to restructure its debt. More here. Builders Bovis are also feeling the pain. The news here is that its profits have fallen by four-fifths in the first half of 2008... and that's being mirrored in the interim dividend payment, which will be 5p a share (from 17.5p last year).

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