Company
LON:BKG
The Berkeley Group Holdings PLC builds homes and neighbourhoods across London, Birmingham and the South of England. The company revives underused land, creating welcoming, sustainable and nature-rich places where communities thrive and where people of all ages and backgrounds enjoy a great quality of life.
309 stories · page 10 of 16
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Week ahead includes latest Bank of England policy meeting, UK data on inflation, unemployment, wages and retail sales, plus corporate updates from Next, Associated British Foods, Wm Morrison Supermarkets, and JD Wetherspoon
Builders and building materials
The housing sector continues to be supported by low interest rates, good mortgage availability and the government's Help to Buy scheme but analysts have questioned how long this will last
The housebuilder is on course to achieve at least £3bn of pre-tax profits in the five years to the end of April 2021
FTSE 100 closed down 18.79 at 7,354, while the FTSE 250 lost over 74 points at 19,652.
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Sports Direct’s AGM and earnings from housebuilders will take centre stage on Wednesday
London stocks fell as North Korea tensions flared and UK construction data missed expectations
Archive
Week ahead includes updates from a raft of housebuilders, including Barratt Developments, Berkeley Group and Bovis Homes, plus trading news from Halfords Group, and the latest European Central Bank Council meeting
Copper is like Arsenal’s Per Mertesacker crossing the halfway line with ball still at feet – in nose-bleed territory, or at least at levels last seen three years ago
Berkeley's shares have risen strongly, fuelled by the company's generous dividends, but Deutsche Bank thinks the house builder still has plenty of cash to return to shareholders
Investors and private buyers are driving up demand in places like Leeds and Manchester as they start to venture outside of London
The US broker highlighted four reasons for their preference for the builders noting, firstly. that not enough homes are being built in the UK, meaning demand outweighs supply
Russ Mould noted that: “Berkeley continues to grow its land bank in the view that demand for houses will continue to outstrip supply, despite the understandable concerns voiced by chief executive Rob Perrins about ‘prevailing macro uncertai
For the 12 months to April 30, the FTSE 250-listed group reported at 53% rise in pretax profit to £812mln, up from £530.9mln a year earlier.
Archive
Day ahead: Trading update from Whitbread; full-year results from Berkeley Group ...
Investments and investor services
The FTSE 100 closed 60 points up at 7,523 as the government begins Brexit negotiations.
Despite the worst case scenario in the General Election, the FTSE 100 rose strongly
Some of the main risers and fallers in London at 3.45pm
The US bank’s analysts upgraded their ratings for both Redrow and Countryside to ‘overweight’ from ‘neutral’, but reversed their stance on Bovis and Crest the other way, down to ‘neutral’
Builders and building materials
Shore Capital analyst Robin Hardy said: “There have been suggestions that an offer could come from outside the industry and while that is a long-shot, it is possible and many observers will still view Bovis as being ‘in play’.”
The analysts said they have raised earnings per share forecasts for the housebuilders by around 10% for 2017 and 15% for 2018 as its house price inflation forecasts rise to +3% in 2017 and +1% in 2018, reflecting improved UK economic foreca
