Cushman & Wakefield narrows Q1 loss

Cushman & Wakefield has narrowed its first-quarter loss to $20.9m (£16m) – an improvement of $72m on the same time last year. The New York Stock Exchange-listed firm said that the improvement was primarily driven by stronger operating results, lower integration costs and a higher benefit from income taxes. Revenue for the first three months of 2019 was $1.9bn, up by 8% from the first quarter last year, while fee revenue was $1.4bn, up by 10%. C&W said that rising fee revenue reflected increases primarily in property, facilities and project management and leasing, with the Americas leading growth. Property, facilities