Share Prices & Company Research

Market News

03 Sep 2021 | 07:12

Berkeley sees higher costs, supply chain issues

(Sharecast News) - UK house builder Berkeley Group on Friday said it was experiencing construction cost inflation and "mindful of ongoing supply chain and labour market issues due to Brexit and the pandemic". The company maintained full-year guidance of pre-tax profit at or above last year's £518m for the 12 months to April 30, 2022.

"The first four months of this new financial year have seen a continuation of the resilient market conditions reported with our full-year results in June. The gradual easing of lock-down restrictions has been accompanied by a gradual firming of the London market as anticipated," the company said in a trading statement for the four months to August 31.

Outside London, the market has remained robust, Berkeley added, with underlying reservations in line with those achieved in the two years prior to the pandemic.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 7th December 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.