UK's Berkeley Group slips on halting new land buys amid market uncertainty

Berkeley group

01/04/2026 08:42

Updates

** Berkeley Group BKGH.L slips as much as 18.2% to 2,810p, lowest since February 2017

** Stock on track for biggest one-day percentage fall since June 2016

** Homebuilder says not proposing to acquire new land while market conditions prevail; add it will focus on existing holdings

** Reduces work-in-progress investment to match current sales levels, citing conflict, economic outlook deterioration

** YTD, BKGH falls ~20.4%

 (Reporting by Judes Joseph in Bengaluru)

 ((judes.joseph@thomsonreuters.com;))