Edition:
United Kingdom

Berkeley Group Holdings PLC (BKGH.L)

BKGH.L on London Stock Exchange

4,068.00GBp
12 Dec 2017
Change (% chg)

-48.00 (-1.17%)
Prev Close
4,116.00
Open
4,124.00
Day's High
4,137.00
Day's Low
4,064.00
Volume
438,727
Avg. Vol
870,598
52-wk High
4,235.00
52-wk Low
2,724.00

Latest Key Developments (Source: Significant Developments)

UK builder Berkeley's half-year profits rise 36 pct ​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Berkeley Group Holdings Plc ::‍. 2,117 HOMES DELIVERED - INCLUDES MORE THAN 10% OF LONDON'S NEW PRIVATE AND AFFORDABLE HOMES​.‍£300 MILLION OF SUBSIDIES PROVIDED TO DELIVER AFFORDABLE HOUSING AND COMMITTED TO WIDER COMMUNITY AND INFRASTRUCTURE BENEFITS IN PERIOD​.‍£533.3 MILLION OF PRE-TAX PROFIT, UP 35.8% FROM £392.7 MILLION​.‍TODAY'S STRONG RESULTS REFLECT BERKELEY'S DISCIPLINED EXECUTION OF ITS UNIQUE OPERATING MODEL WHICH PLACES PRODUCT QUALITY AND FINANCIAL STRENGTH AT ITS HEART, ALLOWING FOR INVESTMENT AT RIGHT TIME IN CYCLE.​.‍WHILE POLITICAL CONTEXT FOR HOUSEBUILDING IS TURBULENT, WHERE THERE IS STABILITY, POTENTIAL FOR GROWTH AND DELIVERY REMAINS STRONG.​.‍BERKELEY ITSELF REMAINS WELL PLACED TO DELIVER OUR CURRENT PLAN, CREATING EXCEPTIONAL VALUE FOR OUR CUSTOMERS, SHAREHOLDERS AND SOCIETY.​.‍IT IS CRUCIAL THAT NEW HOUSING POLICIES SUPPORT LONDON MARKET, NOT LEAST BECAUSE CAPITAL IS SO IMPORTANT TO PROSPERITY THROUGHOUT REST OF COUNTRY​.‍WE WELCOME FOCUS ON HOUSING IN LAST MONTH'S BUDGET; PARTICULARLY HELP FOR SMALL DEVELOPERS AND MEASURES TO GET MORE LAND INTO DEVELOPMENT.​.‍£1.5 BILLION PRE-TAX PROFIT TO BE DELIVERED IN TWO YEARS ENDING 30 APRIL 2019​.‍FIVE YEAR PRE-TAX PROFIT GUIDANCE STARTING 1 MAY 2016 UPDATED TO £3.3 BILLION FROM £3.0 BILLION​.  Full Article

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