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
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT