DTZ wins Best Performing Listed Firm in the MPF/Noble Professional Services Index at the MPF European Practice Management Awards
22/10/2009
The Managing Partners’ Forum (MPF), a members′ association dedicated to enhancing the status of management in professional firms, and Noble the research-led independent investment bank dedicated to mid and small cap companies, are delighted to announce that DTZ has been awarded Best Performing Listed Firm in the MFP/Noble Professional Services Index calculated by Standard & Poor’s (“MPF/Noble Index”) at the MPF European Practice Management Awards last night
The awards were first introduced by the MPF in 2002 to showcase the contribution of different disciplines in managing a professional firm, but this award is a brand new category for the 2009 Awards following the launch of the MPF/Noble Index back in March this year. The MPF/Noble Index has grown by 49% over the six months since launch, matching the FTSE AIM 100 and outpacing its other benchmark the FTSE 350 by 17%..
The Best Performing Listed Firm Award is for the firm in the MPF/Noble Index, whose market capitalisation has grown at the fastest rate in the year to 31 August 2009. DTZ, one of the ‘big four’ global real estate advisers, was the winner of the Award with 307% annual growth in market capitalisation.
Analysts at Noble commented that the following three events in the past year were behind DTZ’s success –
- A successful £49m share placement
- Securing a £15m credit facility from its larger shareholder, in addition to restructuring its banking facilities
- The appointment of Paul Idzik as CEO of a new management team with proven strategic and operational skills
Bob Rickert, Group Finance Director and Global Chief Operating Officer for DTZ said: “We are pleased to have won the Best Performing Listed Firm award. We are committed to transforming DTZ into the best property services company in the world. Our efforts are making us more competitive in our well-established markets and enabling us to grow market share by doing what we do best – capitalising on our strong brand to win new business and continue to focus on servicing our clients, which is our top priority.”
In second place with annual growth of 169% was LSL Property Services, and in joint third place with annual growth of 63% were the media services groups Chime Communications plc and Creston plc.
ENDS
For more information contact:
Ben Thompson, Group Head of Marketing Noble +44 20 7763 2200
Richard Chaplin, MPF +44 20 7786 9786
Sarah Gestetner, Citigate Dewe Rogerson +44 20 7638 9571
Anna Reid, UK & Ireland Communications Manager, DTZ +44 20 3296 3486
About Managing Partners Forum (MPF
Founded in 1995, the Managing Partners’ Forum is the premier association for those involved in the management of professional firms throughout the world. As well managed firms are more profitable and attractive to clients, the MPF actively campaigns for excellence in management.
We find that fee earner attitudes often result in insufficient priority being devoted to management. To help alter attitudes in favour of management, the MPF highlights issues that stand in the way of effective management and campaigns through a combination of: hard-hitting reports and surveys; articles in the media; rigorous awards; well-attended events in cities worldwide; and extensive knowledge-sharing.
About Noble
Noble is a research-led independent Anglo-Indian investment bank dedicated to mid- and small-cap companies. It provides a full range of services to companies, institutions and investment vehicles, with offices in London, Edinburgh and Mumbai. Noble publishes high quality fundamental research on more than 170 companies in UK and India.
In investment banking, Noble acts as sponsor, takeover adviser and broker on AIM, sponsor and broker on the LSE main market and adviser on Plus.
Noble has five operating companies in the UK, covering Investment Banking, Investment Management and Growth Capital, all of which are authorised and regulated by the Financial Services Authority.