Berkeley expresses confidence in “long term” market resilience

March 15, 2019
<p><span>Berkeley Group expressed confidence in the “long term resilience” of its markets today (March 15) while being “very mindful” of the potential for short term disruption. It reiterated the company’s </span><span>updated </span><span>pre-tax profit guidance issued with its interim results in December.</span><br/></p> <p><span>Issuing a </span><span>short</span><span> trading update covering the period from November 1 to February 28, the housebuilder said that its trading environment </span><span>had</span><span> remained the same as the previous two years.</span></p> <p><span>“This stability allows Berkeley to reiterate the updated pre-tax profit guidance it provided with its interim results in December 2018 for this, and the next two years, which represented an increase of around 8% in the guidance for the current year,” the firm’s statement read.</span></p> <p><span>Berkeley added that it had continued to invest in its brand and place making, working alongside public and private </span><span>sector</span><span> partners “to successfully bring forward the next generation of its complex, long-term development sites that will deliver lasting social, economic and commercial value to local communities and the wider economy, while delivering quality new homes across all tenures on its numerous sites in production in London and the south of England”.</span><br/></p> <p><span>The housebuilder said its success in the current uncertain operating climate was a …

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