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
Global PC shipments returned to growth in the second quarter of 2020 after seeing a significant decline in the preceding first quarter due to COVID-19 related supply-chain disruptions, according to reports by two research firms. The PC market returned to growth in the quarter as production ramped up and vendors restocked their supplies to near-normal levels. The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand. WHP Global and a venture backed by Authentic Brands Group LLC and Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the ANNE KLEIN and JOSEPH ABBOUD brands. Sundial Herbal Products has recalled around 65 products, which were misbranded and currently unapproved drugs, the U.S. Food and Drug Administration said in a statement. The recall follows an order by a federal judge in June to stop distributing the company's unapproved new drugs. The affected items include herbal products and dietary supplements.
RELATED NEWS
Follow RTT