Dtz Plunges 30% After Warning of Big Leap in Losses

Summary


THE crisis at property giant DTZ deepened today as the troubled firm warned that losses this year will be far greater than expected.

Chief executive Paul Idzik, who was poached from Barclays in November, said business at the company, one of London's biggest property consultants, has deteriorated significantly this year amid "unprecedented and turbulent market conditions".

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Extract


Dtz Plunges 30% After Warning of Big Leap in Losses

The former banker, a mediator between Barclays chief executive John Varley and president Bob Diamo...

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