Berkeley Group holds guidance on robust trading despite Covid-19 hit September 4, 2020 Property developer Berkeley Group today maintained its guidance for the full year after reporting better-than-expected trading during the coronavirus outbreak. The FTSE 100 housebuilder held its forecast for pre-tax profit of £500m and confirmed its plan to return £280m to shareholders per year. Berkeley said it now expected a more even split in profit between [...]
Tony Pidgley, self-made co-founder of FTSE 100 homebuilder Berkeley, dies at 72 June 27, 2020 British homebuilder Berkeley Group has said its chairman and co-founder, Tony Pidgley, died suddenly on Friday, aged 72. “He died of a stroke, he was working yesterday and went to (the) hospital last night and then sadly passed away earlier today,” a company spokesman told Reuters. Pidgley helped set up Berkeley Group in 1976 and [...]
Berkeley Group profits fall by a third after coronavirus lockdown June 17, 2020 Berkeley Group, the housebuilder, has pushed back a £455m payout to shareholders by two years because of the coronavirus pandemic. The FTSE 100 company saw sales fall dramatically over April and May, pushing its full-year profit and revenue down more than one-third each. However, shares in the company rose 3.6 per cent this morning as [...]
Housebuilders boosted by HSBC stock upgrade February 19, 2020 Shares in housebuilding firms jumped today after HSBC upgraded its view on the stocks, saying the decisive general election result “unleashed pent-up demand” in activity. Berkeley’s share price rose 3.2 per cent to an all-time high this morning after HSBC upgraded the stock from “hold” to “buy”. The bank now has “buy” ratings on all [...]
Housebuilder Berkeley sees profit slump nearly a third in first half December 6, 2019 UK housebuilder Berkeley Group saw its profit for the first half of 2019 fall over 30 per cent as Brexit-based uncertainty continued to hit the housing market. Read more: Berkeley Homes founder Tony Pidgley backs reforms to end land hoarding The figures Profit at the company fell from £401.2m in 2018 to £276.7m this year, [...]
Berkeley Homes founder Tony Pidgley backs reforms to end land hoarding November 17, 2019 Berkeley Homes chairman Tony Pidgley has backed an overhaul of property laws to end land hoarding in a bid to boost home ownership. Pidgley, the founder of the FTSE 100 housebuilding giant, said land owners and developers should work with local authorities on “planning uplift” to tackle the shortage of affordable homes. Read more: Berkeley [...]
Housebuilder Berkeley Group defies Brexit jitters with ‘robust’ London performance September 6, 2019 Housebuilder Berkeley Group has enjoyed a period of “robust” market conditions in London and the south east of England, despite a weak sector backdrop driven by Brexit uncertainty. The London-listed firm said forward sales remained above £1.8bn and set a pre-tax profit target of £3.3bn for the next six years. Profit should be between £500m [...]
Berkeley Group faces opposition to new bonus policy September 1, 2019 Berkeley Group is facing opposition to its payment policy after a shareholder advisory firm urged investors to vote against the housebuilder’s new bonus structure at a meeting this week. The payment policy has been opposed by Institutional Shareholder Services (ISS), which said proposals to axe its bonus were “unlikely to affect the remuneration received by [...]
Housebuilders boosted by Boris Johnson no-deal Brexit budget June 28, 2019 Housebuilders were among the biggest risers in the FTSE 100 this morning after Boris Johnson, the front runner to be the next prime minister, said he would slash stamp duty and tax in the event of a no-deal Brexit. Berkeley Group shares were up 3.16 per cent today followed by Persimmon, which rose 2.63 per [...]
Berkeley Homes reports slump in profits June 19, 2019 Housebuilder Berkeley Homes outlined plans to ramp up new developments despite reporting a slump in pre-tax profit this morning. The figures Pre-tax profit fell 20.7 per cent to £775.2m in the year ended 30 April, but was higher than analysts’ expectations of £730m. Revenue was £2.95bn, up 4.1 per cent from £2.84bn the previous year, [...]