Resilient trading for Berkeley

Berkeley’s trading has been “resilient” since the start of its financial year, with the business expecting a more even profit split between the first and second halves of the year, it reported this month. Reporting on the period from May 1 to August 31 2020, the housebuilder said that its production levels had been “better

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Tony Pidgley – founder of Berkeley passes away

Tony Pidgley CBE, Berkeley Group’s founder and chairman, has died suddenly, the housebuilder has announced. In a note to colleagues on 26th June, Berkeley’s chief executive Rob Perrins said: “It is with the greatest sadness that I have to inform you of the sudden death of Tony Pidgley. “Tony suffered a catastrophic brain haemorrhage yesterday

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Profit and revenue fall for Berkeley

Berkeley’s pre-tax profit for its full year fell 35% against 2019, it reported on 17th June. The housebuilder commented that the profit drop to £503.7 million during its financial year ending April 30 2020 was “anticipated” with the completion of various central London schemes acquired from 2009 to 2013. But, with the effects of the

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50% output boost by Berkeley

Berkeley is set to increase its annual housing delivery over the next 6 years by 50%, reporting it is bringing forward 25 “large and complex residential-led developments” of which 20 have recently been acquired. The firm has begun construction on 20 new sites, including a number of these new large regeneration sites, over the past

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“Robust” market conditions reported by Berkeley

During the first four month of its new financial year the Berkeley Group has reported “robust” market conditions in London and the south. Issuing a trading update ahead of its Annual General Meeting on September 6th, the business said that during the period May 1st to August 31st, pricing had remained stable, with the group’s

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Berkeley expresses confidence in the long term market

Issuing a short trading update this month the Berkeley Group expressed confidence in the “long term resilience” of its markets while being “very mindful” of the potential for short term disruption. It reiterated the company’s updated pre-tax profit guidance issued with its interim results in December. The update covering the period from November 1 to

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Progress for Barratt and Berkeley

Barratt Developments and Berkeley Group have reported to the city this month with Barratt saying “another outstanding year” and Berkeley continuing to progress in the challenging London and south east market. During its year ending June 30 2018, Barratt achieved its highest number of completions for a decade at 17,579 completions in total with private

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Berkeley profits up despite difficult market

Berkeley Group saw its pre-tax profit climb to £934.9 million, a 15.1% increase, during its financial year ending April 30 2018 against the equivalent period the previous year. London housebuilder reported its profits were set to be around 30% lower during its next financial year with “profitability returning to more normal levels.” It said this

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Berkeley Group – Inspiring young people!

“What I really want is to inspire young people. Make them an offer. Show them that building and construction is worthwhile and fun. It’s something you can be passionate about, as well as place you can make good money.” Currently more people are leaving the construction industry than joining it and people completing apprenticeships is

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Berkeley’s profits rise

The Berkeley Group has posted a 53% increase in pre-tax profit during its financial year despite acknowledging the “prolonged uncertainty” that the London and south east housing markets face. During the year ending April 30 2017, the housebuilder’s pre-tax profit rose to £812.4 million against the equivalent period last year. Berkeley is on target to

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