The Berkeley Group Holdings plc (BKG.L,BKGFY, BKGFF), a property developer and house-builder, on Friday reaffirmed its pre-tax profit guidance of about 450 million pounds for fiscal 2026 and expects a similar level of profit in fiscal 2027, according to its trading update covering the period from November 1, 2025 to February 28.
The company also maintained its target of a net cash position of about 300 million pounds.
The company said the trading environment remained constrained by geopolitical events and macroeconomic uncertainty.
The sales enquiries remained strong, and underlying reservations have been recovering toward levels seen last summer.
During the year to date, the company said it settled more than 250 million pounds of land creditors, returned about 190 million pounds to shareholders, and continued investment in Berkeley Living's build-to-rent platform.
Since its interim results, the company said it returned 59 million pounds through share buybacks, bringing total buybacks in the year to 191 million pounds.
On Thursday, the Berkeley Group Holdings closed trading, 3.49% lesser at GBp 3,756 on the London Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.