UK's Berkeley Group drops after halting new land acquisitions amid market uncertainty

Berkeley groupHoldings

01/04/2026 08:08

** Shares of homebuilder Berkeley Group BKGH.L down as much as 9.5% at 3,108p

** Stock hits its lowest since March 2020

** Co says not proposing to acquire new land while market conditions prevail, will focus on existing holdings

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

** Stock has fallen about 20.4% YTD

(Reporting by Judes Joseph in Bengaluru)

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