Housebuilder Berkeley says it won't step-up production amid Brexit uncertainty
Berkeley said it has been acquiring land selectively and expects cash flow will be "broadly working capital neutral over the course of the year"
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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FTSE 100 heats up ahead of chilly weekend
The top-share index rallied in the afternoon session to close at 7,164, up 24 points on the day
Investments and investor services
Markets nervous ahead of Capita finals, is it ‘the next Carillion’?
Capita will be a focus on Thursday, others include Bovis House, Cobham, and National Express.
Investments and investor services
Nakama says expected recovery in trading has not materialised
Andrea Williams, the new chief executive officer, is conducting a strategic review of the operating businesses and putting in place measures to stabilise the business, reduce operating costs and grow net fee income.
FTSE 100 ends lower as pound firms; housebuilders weigh
Britain's top tier index closed around 54 points lower at 7,533
Investments and investor services
FTSE 100 closes above 7,600 as Santa rally kicks in
The FTSE 100 index closed up 78 points at 7,603, just off the all time high
Builders and building materials
Travis Perkins shares drop as JPMorgan downgrades stock in review of housebuilders
JPMorgan said its top picks remain Bellway and Persimmon while Bovis Homes is its least preferred stocks among UK housebuilders
FTSE 100 slips slightly to close in the red after swinging between gains and losses
The FTSE 100 finally gave up and settled in the red, albeit slightly down ahead of BoE's monetary policy decision on Thursday
Archive
Yellen & Co in focus as Fed looks set to raise rates; TUI, Dixons Carphone, Bellway to update
Day Ahead includes the final Federal Reserve meeting outcome of 2017, plus updates from travel firm TUI, electricals retailer Dixons Carphone, and housebuilder Bellway
Archive
Federal Reserve Grinch to dominate among upcoming central bank rate decisions
The Week Ahead will be dominated by interest rate decisions from the US Federal Reserve, Bank of England and ECB, plus UK inflation and results from Ashtead Group, TUI, and Dixons Caphone among others
Housebuilders boosted by Brexit 'breakthrough' and well-received Berkeley interims
Prime Minister Theresa May has secured a deal with European Union to move Brexit talks onto the next phase
Berkeley upgrades five-year profit guidance but points to Brexit-driven slowdown
Berkeley expects the current financial year to be a peak for the group, though it upgraded its forecast for the five years to April 2021
FTSE 100 up 1% as pound takes a kicking following Brexit breakthrough
The non-farm payroll number beat consensus expectations, coming in at 228,000
Archive
US non-farm payrolls data in focus as Federal Reserve's interest rate decision looms
The day ahead includes the US non-farm payrolls report and interim results from Berkeley
Archive
US jobs to dominate with December rate hike expected, plus updates from Stagecoach, Berkeley Group
The Week Ahead diary includes the December US jobs data, plus corporate updates from Stagecoach PLC, Ferguson PLC, IG Group PLC, and Berkeley Group PLC
Deutsche Bank downgrades Berkeley Group but remains bullish on sector
"Given the strong affordability and buy versus rental argument we believe the employment confidence is the key indicator of housing demand."
Builders and building materials
Deutsche Bank says land banking review will actually be a positive for housebuilders
Land promoters will likely be the ones under the real pressure to offload sites they have no intention of developing, which could make it cheaper for housebuilders to buy up land
Barclays downgrades a trowel-full of house-builders ahead of Budget
House-builders have had a great run this year, and it may be time to bank profits-or at least stop buying more stock
Archive
FTSE 100 closes in red as pound strengthens; BoE in focus
Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
Archive
Galliford Try full year profits to be hit by £98m one-off charge for legacy contracts
Wednesday's calendar includes annual results from Galliford Try and Dunelm along with official UK jobs data