Berkeley Group and Hammerson ... there's property and then there's property
As well as updates from Berkeley and Hammerson, there will be UK GDP - sure to have been hit by lockdown restrictions - and the first post-Brexit trade figures.
Company
Berkeley Group Holdings PLC
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.
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Berkeley reassures on long-term returns as interim profits fall
Pre-tax profits fell 17% to £230.8mln on revenue down 4% to £895.9mln
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FTSE 100 hits nine-month peak, Dow and S&P hit all-time highs
The Footsie finished up 0.9%, with BP, Shell, British Land and Glencore among the leaders
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US non-farms and Berkeley interims to end the week
The US jobs figures may be greeted with some wariness by markets following the worse than expected ADP data earlier this week
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FTSE 100 closes higher as investors shun defensive plays; US traders eye stimulus talks
Vaccine optimism and possibly a sprinkling of Christmas cheer seem to be informing traders in global markets
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FTSE 100 closes in red as traders book profits and Brexit jitters begin once more
The UK's index of the largest companies closed down 1.59% on Monday at 6,266
Berkeley gains as it stands out from rivals in confidence on future profit and dividends
“While other builders are being more cautious, Berkeley is giving full year projections,” one analyst noted
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FTSE 100 index closes sharply lower taking the cue from renewed selling on Wall Street
Britain's blue chip index finished down around 51 points, or 0.89%, at 5,799
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US non-farms key news for Friday; Berkeley Group to deliver trading update
The final day of the week will focus on American macro data, with the US economy expected to have added 1.5mln jobs in August
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FTSE 100 index drops 1.5% as Brexit and UK job worries give traders jitters
Britain's top share index finished down over 94 points, or 1.51%, at 6,185
Builders and building materials
Reports of death of London housing market greatly exaggerated, UBS says
Prices are holding up, build-to-rent is proving a larger driver of demand than Help to Buy, new data shows
Berkeley Group says Barker will stay in the chair until a long-term appointment is made
Following the death last month of the company's chairman and founder, Tony Pidgley, Berekely Group has announced a shifting around of board responsibilities.
Berkeley Group pushes back planned payout by two years as sales and profits tumble
Sales fell by 50% In April and May compared to the year previously, said the FTSE100-listed housebuilder
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Berkeley, Boohoo and SSE among mid-week highlights, UK inflation data eyed
Both Berkeley and SSE are likely to get heavy scrutiny from investors on the status of their dividend payments
Builders and building materials
House price uncertainty is big worry for housebuilders, says JPMorgan
A 10% drop in house prices could translate to 34% downside to earnings, the analysts warned
Berkeley and Crest Nicholson no longer 'sells' for Deutsche Bank
Analysts kept their ‘buy’ ratings for Barratt Developments, Bellway, Countryside Properties, McCarthy & Stone, Persimmon, Redrow and Taylor Wimpey
Builders and building materials
Berkeley upgraded but Redrow and Taylor Wimpey downgraded as JP Morgan realigns view of housing sector amid pandemic
While the bank said the impact of coronavirus “remains uncertain”, they took a cautious stance and estimated a 30% decline in housing completions for 2020
Berkeley Group warns on profits as building sites shut due to coronavirus
The housebuilder said it still plans to pay out a dividend of 99.32p per share at the end of the month
Berkeley Group cancels extra £455mln cash payout
Rather than the promised £500mln, Berkeley said it will now revert back to its old plan and pay a £125mln dividend at the end of March
Berkeley upgraded to ‘buy’ by HSBC over “stable” housing outlook
Analysts at the bank hiked the price target to 6,620p from 4,540p and selected Barratt Developments, Redrow, Crest Nicholson and Bellway as top picks