- Pre-tax profits beat forecasts
- Operating margin getting tighter
On the morning of Berkeley Group’s (BKG) results release there was a lot of other news to take on board. Core UK inflation hit a fresh 30-year high; the two-year gilt yield reached 5.1 per cent, the highest level since 2008; national debt hit 100 per cent of GDP for the first time in over six decades; and annual house price growth slowed to a pace not seen since September 2020 when Covid-19 restrictions dragged on the market.