DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
homebuilder - 2 Moody's - 1 Robert Perrins - 1 Aby Jose Koilparambil - 1 Suban Abdulla - 1 Sherry Jacob - 1 Phillips - 1 Sohini - 1
Top related locs:
Bengaluru Bank of England Berkeley London Birmingham England
Top related orgs:
Berkeley Group Holdings - 2 Thomson - 2 Bank of - 1 Bank of England - 1 Federal - 1 FTSE - 1

Search resuls for: "Berkeley Group Holdings"


2 mentions found


☆ UK housebuilder Berkeley flags demand woes despite annual profit jump
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +1 min
June 21 (Reuters) - Berkeley Group Holdings (BKGH.L) on Wednesday posted a near-10% jump in annual profit even as the British high-end homebuilder warned of demand concerns and tough market conditions due to elevated levels of interest rates. Berkeleys' update comes at a time strengthening prospects of further Bank of England interest rate hikes have stymied hopes of a strong recovery in the UK housing sector as lenders withdraw or reprice mortgage offerings. CEO Robert Perrins said business continued to see good levels of enquiries, but flagged concerns about the trajectory of interest rate rises. Operating across London, Birmingham and the South of England, Berkeley reported a pre-tax profit for the year ended April 30 of 604 million pounds ($772.5 million), compared with 551.5 million pounds reported a year earlier. The homebuilder had forecast a pre-tax profit of about 600 million pounds.
Persons: homebuilder, Moody's, Robert Perrins, Aby Jose Koilparambil, Suban Abdulla, Sherry Jacob, Phillips, Sohini Organizations: Berkeley Group Holdings, Bank of, Thomson Locations: Bank of England, Berkeley, London, Birmingham, England, Bengaluru
☆ London stocks open lower as inflation data deepens rate hike concerns
  + stars: | 2023-06-21 | by ( ) www.reuters.com   time to read: +1 min
Pressured by a firm sterling , the export-oriented FTSE 100 (.FTSE) was down 0.5% at 0710 GMT. The FTSE 250 (.FTMC) mid-cap index shed 0.7%. After data showed consumer inflation was unchanged at 8.7% in May, contrary to expectations of a slight fall, traders ramped up their bets of a 50 basis point (bps) BoE rate hike on Thursday from the 25 bps hike anticipated earlier. In a testimony later in the day, Powell is poised to be questioned on the future of rate hikes by the world's most influential central bank. Reporting by Ankika Biswas in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.
Persons: Jerome Powell, BoE, Powell, homebuilder, Ankika Biswas, Sonia Cheema Organizations: Bank of England, Federal, FTSE, Berkeley Group Holdings, Thomson Locations: Bengaluru
0 next >>
Total: 2