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Berkeley Group Holdings PLC (BKGH.L)

BKGH.L on London Stock Exchange

4,388.00GBp
6 Aug 2020
Change (% chg)

-67.00 (-1.50%)
Prev Close
4,455.00
Open
4,413.00
Day's High
4,471.00
Day's Low
4,333.00
Volume
221,825
Avg. Vol
554,118
52-wk High
5,562.00
52-wk Low
3,041.00

Latest Key Developments (Source: Significant Developments)

Berkeley Group Says Glyn Barker Will Become Non-Executive Chairman
Thursday, 23 Jul 2020 

July 23 (Reuters) - Berkeley Group Holdings PLC ::BERKELEY GROUP - GLYN BARKER WILL BECOME NON-EXECUTIVE CHAIRMAN FOR A PERIOD OF UP TO TWO YEARS.  Full Article

Berkeley Group Announces The Sudden Death Of Founder, Chairman, Tony Pidgley
Friday, 26 Jun 2020 

June 26 (Reuters) - Berkeley Group Holdings PLC ::BERKELEY GROUP - ANNOUNCES THE SUDDEN DEATH OF ITS FOUNDER AND CHAIRMAN, TONY PIDGLEY.  Full Article

Berkeley FY Pretax Profit Down 35% At 503.7 Mln Stg
Wednesday, 17 Jun 2020 

June 17 (Reuters) - Berkeley Group Holdings PLC ::FY PRETAX PROFIT 503.7 MILLION STG .FY REVENUE 1.92 BILLION STG VERSUS 2.957 BILLION STG YEAR AGO.BERKELEY - FY NET ASSET VALUE PER SHARE UP 7.2% TO £24.72 (APRIL 2019: £23.05).BERKELEY - COMMITMENT TO £280 MILLION PER ANNUM SHAREHOLDER RETURN UP TO 30 SEPTEMBER 2025 RE-AFFIRMED.BERKELEY - RETURN OF £455 MILLION SURPLUS CAPITAL DEFERRED FOR UP TO TWO YEARS.BERKELEY - GOING INTO LOCKDOWN PERIOD BERKELEY WAS EXPERIENCING A STABLE AND SATISFACTORY TRADING ENVIRONMENT.BERKELEY - HOUSING MARKET SALES FOR 12 MONTHS WERE SOME 10% AHEAD OF PRIOR YEAR.BERKELEY - HOUSING MARKET PRICING REMAINED FIRM THROUGHOUT FINANCIAL YEAR AND BERKELEY SECURED PRICES ABOVE ITS BUSINESS PLAN LEVELS.BERKELEY - HOUSING MARKET SALES IN APRIL AND MAY REFLECTED IMPACT OF LOCKDOWN AND WERE AROUND 50% BELOW NORMAL MARKET CONDITIONS.BERKELEY - GROUP'S CASH DUE ON FORWARD SALES AT 30 APRIL 2020 IS AT £1.86 BILLION COMPARED WITH £1.83 BILLION A YEAR AGO.BERKELEY - HOUSEBUILDING AND CONSTRUCTION RECOVERY FOLLOWING COVID-19 WILL REQUIRE GOVERNMENT SUPPORT.  Full Article

Berkeley Says On Track To Meet Expectations For FY
Thursday, 12 Mar 2020 

March 12 (Reuters) - Berkeley Group Holdings PLC ::BERKELEY - ON TRACK TO MEET MARKET EXPECTATIONS FOR YEAR ENDING 30 APRIL 2020 .BERKELEY - ON TRACK TO DELIVER LONG TERM PRE-TAX PROFIT TARGET OF £3.3 BILLION IN SIX YEARS ENDING 30 APRIL 2025.BERKELEY - ON TRACK TO MEET MARKET EXPECTATIONS FOR YEAR ENDING 30 APRIL 2020.BERKELEY - TO POSTPONE INCREASE IN SHAREHOLDER RETURNS THAT WAS SCHEDULED TO BE MADE VIA A B AND C SHARE SCHEME.BERKELEY - INCREASE IN SHAREHOLDER RETURNS TO BE POSTPONED UNTIL THERE IS GREATER CLARITY OF OPERATIONAL IMPACT OF CORONAVIRUS ON UK ECONOMIC ACTIVITY.BERKELEY - BERKELEY HAS NET CASH OF IN EXCESS OF £1.0 BILLION AT DATE OF MARCH 12.  Full Article

Berkeley To Return 1 Bln Stg To Shareholders Over Next 2 Yrs
Wednesday, 22 Jan 2020 

Jan 22 (Reuters) - Berkeley Group Holdings PLC ::PROPOSED CAPITAL RETURN.£1 BILLION TO BE RETURNED TO SHAREHOLDERS OVER NEXT TWO YEARS; AN INCREASE OF £455 MILLION.50% INCREASE IN PRODUCTION AND DELIVERY OVER NEXT SIX YEARS, REQUIRING SIGNIFICANT INVESTMENT.APPROXIMATELY £500 MILLION WILL BE RETURNED TO SHAREHOLDERS BY MEANS OF A B SHARE SCHEME IN MARCH 2020.FURTHER £500 MILLION WILL BE RETURNED TO SHAREHOLDERS IN MARCH 2021.INTENTION TO REVERT TO MAKING ANNUAL RETURNS OF £280 MILLION IN SIX-MONTHLY INSTALLMENTS OF £140 MILLION VIA EITHER SHARE BUY-BACKS/DIVIDENDS.WILL CONTINUE TO REVIEW ITS CAPITAL ALLOCATION POLICY.OVER SIX YEARS TO 30 APRIL 2025, WE ARE TARGETING DELIVERY OF £3.3 BILLION OF PRE-TAX PROFIT.  Full Article

Berkeley H1 Pretax Profit Slumps
Friday, 6 Dec 2019 

Dec 6 (Reuters) - Berkeley Group Holdings PLC ::H1 PRETAX PROFIT 276.7 MILLION STG.H1 REVENUE 930.9 MILLION STG VERSUS 1.653 BILLION STG YEAR AGO.WE REMAIN ALERT TO MARKET RISKS WITH A GENERAL ELECTION NEXT WEEK AND DELAY TO UK'S PROPOSED EXIT FROM EUROPEAN UNION.HY AVERAGE SELLING PRICE OF £644,000 (2018: £740,000).SOLD 1,389 HOMES (2018: 2,027) IN HY.ON TARGET TO DELIVER £3.3 BILLION OF PRE-TAX PROFIT IN SIX YEARS TO 30 APRIL 2025.ON TRACK TO DELIVER LAST YEAR'S EXTENDED SHAREHOLDER RETURNS COMMITMENT OF £280 MILLION PER ANNUM TO 2025.HY PRETAX PROFIT £276.7 MILLION (2018: £401.2 MILLION).DELAY TO UK'S PROPOSED EXIT FROM EUROPEAN UNION PROLONGING UNCERTAIN OPERATING ENVIRONMENT OF LAST THREE YEARS.UNCERTAIN ENVIRONMENT OF LAST 3 YRS DAMAGING ECONOMY & IN LONDON FEWER DEVELOPERS PREPARED/ABLE TO ACCEPT RISK OF BRINGING FORWARD NEW HOMES.AS FEWER DEVELOPERS PREPARED/ABLE TO ACCEPT RISK OF BRINGING FORWARD NEW HOMES, SUPPLY IS FALLING.HY GROSS MARGIN PERCENTAGE HAS INCREASED TO 36.1% (2018: 29.2%).  Full Article

Berkeley Says Non Executive Director John Armitt Sold 2,000 Shares
Wednesday, 16 Oct 2019 

Oct 16 (Reuters) - Berkeley Group Holdings PLC ::BERKELEY SAYS NON EXECUTIVE DIRECTOR JOHN ARMITT SOLD 2,000 SHARES AT 43.95693/SHARE ON OCT 15 - FILING.  Full Article

Berkeley Sees £3.3 Bln In Pre-Tax Profit Over 6 Years To April 2025
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Berkeley Group Holdings Plc ::TRADING STATEMENT.ANTICIPATES NET CASH AT HALF YEAR TO BE AT A SIMILAR LEVEL TO FULL YEAR POSITION OF £975 MILLION.OVER SIX YEARS TO 30 APRIL 2025, TARGETING DELIVERY OF £3.3 BILLION OF PRE-TAX PROFIT.IN FIRST FOUR MONTHS OF THIS NEW FINANCIAL YEAR, MARKET CONDITIONS IN LONDON AND SOUTH EAST HAVE REMAINED ROBUST.OVER SIX YEARS TO 30 APRIL 2025, SEES PROFIT IN ANY ONE YEAR RANGING BETWEEN £500 MILLION AND £700 MILLION, DEPENDING UPON TIMING OF DELIVERY.IN FIRST 4-MONTH MARKET CONDITIONS IN LONDON AND SOUTH EAST CONSISTENT WITH THOSE REPORTED WITH FULL YEAR RESULTS.PRICING HAS REMAINED STABLE AND GROUP'S FORWARD SALES POSITION REMAINS ABOVE £1.8 BILLION.GOOD UNDERLYING DEMAND FOR NEW HOMES BUILT.CONTINUE TO WORK WITH SUPPLY CHAIN TO ASSESS, ADDRESS RISKS FROM DISRUPTIVE BREXIT.WORKING WITH SUPPLY CHAIN TO ADDRESS RISKS FROM DISRUPTIVE BREXIT INCLUDING ACCELERATING DELIVERY OF CERTAIN MATERIALS & COMPONENTS.  Full Article

Berkeley Group Holdings Posts FY Pre-Tax Profit Of 775.2 Mln Stg
Wednesday, 19 Jun 2019 

June 19 (Reuters) - Berkeley Group Holdings PLC ::FINAL RESULTS.FY 3,698 HOMES DELIVERED.£775.2 MILLION OF PRE-TAX PROFIT (2018: £977.0 MILLION), AT TOP END OF MARKET EXPECTATIONS, REFLECTING RESILIENT TRADING IN YEAR.PRE-TAX PROFIT FOR 2019/20 IS EXPECTED TO FALL BY AROUND A THIRD FROM 2018/19, WITH PRE-TAX ROE EXPECTED TO SETTLE AT AROUND 15% THEREAFTER.FY AVERAGE SELLING PRICE OF £748,000 (2018: £725,000.BERKELEY GROUP HOLDINGS PLC - REVENUE OF £2,957.4 MILLION IN YEAR (2018: £2,840.9 MILLION).  Full Article

Berkeley Says House Prices "Robust" In London, South-East For 4-Month Period
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Berkeley Group Holdings Plc ::TRADING STATEMENT.IN FIRST 4 MONTHS MARKET CONDITIONS IN LONDON AND SOUTH EAST HAVE REMAINED CONSISTENT WITH THOSE REPORTED WITH FULL YEAR RESULTS IN JUNE.IN 1 MAY 2018 TO 31 AUG PRICING REMAINED ROBUST AS THERE IS DEMAND FOR GOOD QUALITY, WELL LOCATED HOMES.HAS ACQUIRED FIVE NEW SITES IN 1 MAY 2018 TO 31 AUGUST 2018 PERIOD.ANTICIPATES THAT NET CASH AT HALF YEAR WILL BE ABOVE YEAR-END POSITION OF 687.3 MILLION POUNDS .LONDON REMAINS CONSTRAINED BY HIGH TRANSACTION COSTS, RESTRICTIVE INCOME MULTIPLE LIMITS ON MORTGAGE BORROWING ACCENTUATED BY BREXIT.REAFFIRM ITS GUIDANCE TO DELIVER AT LEAST 3.375 BILLION POUNDS OF PRE-TAX PROFITS FOR FIVE YEAR PERIOD FROM 1 MAY 2016 TO 30 APRIL 2021.SEES AT LEAST 1.575 BILLION POUNDS PRE-TAX PROFIT TO BE DELIVERED IN TWO YEARS ENDING 30 APRIL 2019.  Full Article

UK homebuilder Berkeley co-founder and chairman dies at 72

British homebuilder Berkeley Group said its chairman and co-founder, Tony Pidgley, died suddenly on Friday, and deputy chairman Glyn Barker will take up the role on an interim basis.