Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Berkeley    BKG   GB00B02L3W35

BERKELEY (BKG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Berkeley : House-builder Berkeley's profit slides amid mounting Brexit worries

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2018 | 11:29am CET

(Reuters) - Berkeley first-half pretax profit fell 25.7 percent, the British house-builder said on Friday, while warning about an uncertain short-term outlook as people put off house purchases ahead of Britain's exit from the European Union.

Pretax profit fell to 401.2 million pounds in the six months ended Oct. 31, from 539.9 million pounds a year earlier.

Berkeley said its short-term outlook was uncertain because of the ongoing Brexit negotiations and a number of other unspecified headwinds in its London and the South East markets.

"This uncertainty affects sentiment and confidence which has a consequential adverse impact on investment levels and transaction volumes with a number of developers withdrawing from these markets," the company said in a statement.

UK house prices, growing for most of the past 25 years, have softened in the past year as the government struggled to find its way through Brexit talks and speculation mounted that thousands of financial and other jobs could leave the country.

The days of London house price rises hugely outpacing inflation won't be returning anytime soon, even if Britain and the EU strike a Brexit deal, the vast majority of economists and analysts polled by Reuters said in November.

Berkeley reiterated on Friday that Britain's housing market lacked urgency and was constrained by high transaction costs and limits on mortgage borrowing.

The company delivered 2,027 homes in the first half, down from 2,190 last year.

Berkeley, however, raised its full-year pretax profit forecast by more than 5 percent.

(Reporting by Tanishaa Nadkar and Noor Zainab Hussain in Bengaluru; Editing by Sai Sachin Ravikumar)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BERKELEY
12/17LONDON STOCK EXCHANGE : FTSE down sharply as ASOS profit alert sparks wider reta..
RE
12/12Hopes May will win no-confidence vote lift British stocks
RE
12/12BERKELEY : Fine Food Markets Opens at Chelsea Creek
PU
12/11BERKELEY : Fitness Space opens at Battersea Reach
PU
12/10UK stocks battered as May delays Brexit vote
RE
12/10EUROPE : Investors ditch European shares as political risk bursts
RE
12/10BERKELEY : Jigsaw opens at Dickens Yard
PU
12/10BERKELEY : Areaworks to open at Beaufort Park
PU
12/10BERKELEY : Help to Buy Homes at Beaufort Park
PU
12/07LONDON MARKETS: London Stocks End Higher, With House Builders Taking The Lead
DJ
More news
Financials (GBP)
Sales 2019 2 562 M
EBIT 2019 661 M
Net income 2019 562 M
Finance 2019 765 M
Yield 2019 4,80%
P/E ratio 2019 8,45
P/E ratio 2020 10,28
EV / Sales 2019 1,39x
EV / Sales 2020 1,54x
Capitalization 4 316 M
Chart BERKELEY
Duration : Period :
Berkeley Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BERKELEY
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 36,9  GBP
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Robert Charles Grenville Perrins CEO, Executive Director & Group Managing Director
Anthony William Pidgley Chairman
Richard James Stearns Group Finance Director & Executive Director
John A. Armitt Non-Executive Director
Karl Whiteman Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BERKELEY-20.37%5 578
DAIWA HOUSE INDUSTRY CO LTD-18.08%20 916
D.R. HORTON-29.43%13 358
SEKISUI HOUSE LTD-20.02%10 101
SEKISUI CHEMICAL CO LTD-25.41%7 598
PERSIMMON-31.74%7 543