Berkeley Group profits rise to over £550m after ‘exceptionally volatile period’ June 22, 2022 The boss of property developer Berkeley Group hailed “extraordinary” progress made in the past year today as the firm posted a 6 per cent rise in pre-tax profits for the full year to April.
Berkeley snaps up National Grid’s stake in joint venture for over £400m March 15, 2022 Property developer Berkeley has acquired the National Grid’s stake in a realty joint venture for £412.5m. The London-listed house builder snapped up the remaining 50 per cent interest in its St William Homes joint venture, it announced on Tuesday. Rob Perrins, Berkeley’s chief executive said: “The vision of our innovative partnership was to take National [...]
Berkeley upgrades guidance on strong demand for London housing December 8, 2021 Housebuilder Berkeley Group this morning upgraded its earnings guidance for the current financial year by 5 per cent, after a “resilient sales market” coupled with its investment in new regeneration development projects across London helped it deliver profit ahead of estimates. Earnings guidance was raised for pre-tax profits to increase by 5 per cent a year [...]
‘London will flourish again’ says Berkeley Group as it lands £500m profit June 23, 2021 London received a vote of confidence from Berkeley Group this morning as the housebuilder’s boss said he believed the capital is set for a post-pandemic boom. The Group made a profit before tax of more than half a billion pounds in its last financial year, much of which was driven by the sale of properties [...]
Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
UK housebuilder Berkeley Group expects profits to flatline despite housing boom March 12, 2021 Berkeley Group said this morning that profits are set to flatline this year, in line with expectations. The UK housebuilder said it is on track to post a similar profit to last year’s £503m, and that forward sales are expected to be more than £1.7bn for the year. It estimated that future gross margin in [...]
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 [...]