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BKG — Berkeley groupHoldings News Story

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Brief: Berkeley Continues To Operate Within Its Four-Year £1.4 Bln Pre-Tax Profit Plan

BRIEF-Berkeley Continues To Operate Within Its Four-Year £1.4 Bln Pre-Tax Profit Plan

- The Berkeley Group Holdings plc BKGH.L:

  • BERKELEY GROUP HLDGS - TRADING STATEMENT

  • BERKELEY GROUP: CONTINUE TO OPERATE WITHIN OUR FOUR-YEAR £1.4 BILLION PRE-TAX PROFIT PLAN

  • BERKELEY GROUP - TARGETS £640 MILLION SHAREHOLDER RETURNS FROM OCT 2025 TO SEPT 2030; £171 MILLION BOUGHT BACK TO DATE

  • BERKELEY GROUP - EXPECTS NET CASH OF AROUND £250 MILLION FOR HALF YEAR

  • BERKELEY: MINDFUL THAT SOME BUYERS MAY DEFER TRANSACTIONS UNTIL AFTER BUDGET AT END OF OCTOBER AND ANY ELECTION UNCERTAINTY DISSIPATES

  • BERKELEY GROUP: HAVE PUT FORWARD TO GOVERNMENT THAT IT CONSIDERS A TARGETED INTERVENTION TO SUPPORT THE NEW BUILD SECTOR

  • BERKELEY GROUP: ANTICIPATE PRE-TAX PROFITS TO BE SLIGHTLY WEIGHTED TOWARDS FIRST HALF OF CURRENT FINANCIAL YEAR

  • BERKELEY GROUP:PUT FORWARD TO GOVERNMENT THAT IT CONSIDER REMOVING 5% INVESTOR SURCHARGE, CAP SDLT AT 1% FOR 1ST TIME BUYERS,CAP SDLT FOR DOWNSIZERS AT 1%

  • BERKELEY GROUP - TO REDUCE PRODUCTION BY AROUND 25% OVER NEXT FOUR YEARS

Source text: ID:nRSK3122Ua

Further company coverage: BKGH.L


((Reuters.Briefs@thomsonreuters.com;))

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