Edition:
United States

Berkeley Group Holdings PLC (BKGH.L)

BKGH.L on London Stock Exchange

3,845.00GBp
23 Feb 2018
Change (% chg)

-11.00 (-0.29%)
Prev Close
3,856.00
Open
3,870.00
Day's High
3,870.00
Day's Low
3,835.00
Volume
21,115
Avg. Vol
809,875
52-wk High
4,270.00
52-wk Low
2,865.00

Latest Key Developments (Source: Significant Developments)

UK builder Berkeley's half-year profits rise 36 pct ​
Friday, 8 Dec 2017 02:04am EST 

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

Builder Bovis says pre-tax profit to fall in 2017 along with volumes
Monday, 20 Feb 2017 02:38am EST 

Asked About M&A, Interim Ceo At Builder Bovis : Tells reuters the fall in profit is due to the 7 million one-off provision to address customer service issues . Says some of the 180 homes which should have been completed in 2016 have yet to be handed over to buyers . Ceo says pre-tax profit to fall again in 2017 as volumes fall 10-15 percent .Says if there was something to say, we would have to say it publicly.  Full Article

UPDATE 1-Britain's FTSE dips as sterling rises, housebuilders suffer

* JD Sports jumps after record first half (Adds detail, updates prices at close)