Housebuilder Berkeley reiterates commitment to London

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Housebuilder Berkeley said he continues to tackle the “insufficient” London housing market, even after making more than expected annual earnings.

For the year ended in April, Berkeley posted a 2.9% increase in pre-tax profit of £ 518m, surpassing analysts’ consensus forecast of £ 510m. Revenues increased 14.7% to £ 2.2bn and cash from futures sales was more or less stable year-on-year to £ 1.7bn.

The long-term target has not changed, and the pre-tax profit for the next two fiscal years is expected to be about the same as this year.

“We are fully aware of the impact of Covid-19 and important speculations and debates about the future of the city,” said Berkeley. “But this is all that must be provided in terms of culture, entertainment and education, with permanent structural changes that can reverse urbanization and undermine the attractiveness of global cities such as London. I’m sure it doesn’t represent. Recreation and business. “


Swiss Re sold half of its stake Phoenix Group Overnight, Swiss Re’s stake was reduced to 6.6% and part-time directors on Phoenix’s board of directors as insurance companies granted permission to unlock the 12-month lock-up agreed in July 2020. It means that you are no longer eligible to appoint. .. As a result, Swiss Re’s nominated representative Christopher Minter will resign later this week.

The Competition and Markets Authority said it secured what was called a breakthrough commitment from Aviva And persimmon As part of a survey of the leasehold sector. Aviva voluntarily agrees to double the rent and scrub the terms from the lease agreement to repay the affected homeowners, Persimmon discounts the free ownership of their property to the rental homeowners CMA said it will offer the option to buy at.Regulators inaugurated Enforcement measures against four home developers in September..

AnexoSaid it provided drivers with the adoption of car credits and management of legal claims and was approached by private equity group Dbay Advisors with a price-earnings ratio of 150p per share. Anexo’s stock closed at 136.25p on Tuesday, with a value of £ 158m.

Retail company Joules Store sales have exceeded expectations since the blockade was lifted, he said. Revenues for the year ended May increased by 4% to £ 199m, thanks to online growth and active contributions from the household goods sector Garden Trading. Pre-tax profits were “slightly above current market expectations” between £ 5.5m and £ 6.5m before the exception, he said.

Flooring maker Victoria It has announced that it will acquire Cali Bamboo for £ 55.1 million to further expand its distribution business in North America.

Liontrust Asset Management Profit before tax for the year…

Read MoreHousebuilder Berkeley reiterates commitment to London

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