logo
Plus   Neg
Share
Email

Berkeley Says Trading Environment Consistent; Reiterates Pre-tax Profit View

Berkeley Group Holdings Plc.(BKG.L), a builder of homes, neighborhoods and communities, Friday said its trading environment remains consistent with that experienced over the last two years.

This stability allows Berkeley to reiterate the updated pre-tax profit guidance it provided with its Interim Results in December 2018 for this, and the next two years, which represented an increase of around 8% in the guidance for the current year, the company noted.

In its trading update which covers the period from November 1, 2018 to February 28, the company said it has continued to invest in its brand and place-making, working alongside its partners in the public and private sector.

The company is assessing a number of opportunities and currently anticipates net cash at 30 April 2019 will be around the level reported at half year of 859.7 million pounds, subject to investment levels and timing in the intervening period.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Auto Workers union reportedly plans to go on strike against auto giant General Motors Co. (GM) after both the parties failed to reach a tentative deal before a Saturday deadline. According to CNBC, the strike has been called despite GM saying it presented a "strong offer" to the union.... Millennials and Generation Zs, or people aged between 18 to 34 year, pay more for car repairs, according to a new survey. The average American spent $1,986 over the past five years on vehicle repairs and maintenance, according to a survey by Ally Financial conducted by Harris Poll. However, among... Gap Inc.'s (GPS) Old Navy brand announced plans to open 800 new stores as part of its upcoming split from its parent company. "We'll almost double our fleet to 2,000 stores in North America, predominantly in under-served small markets," Old Navy CEO Sonia Syngal said. The company said the plan was...
Follow RTT