Full Year Results 

Berkeley warns profits have peaked

Berkeley warns profits have peaked

Berkeley Group (BKG) delivered a strong performance in the year to April 2018 but cautioned that profits will be around one-third lower in the year in FY2019 as activity returns to more normal levels. Thereafter, the housebuilder is looking to achieve a 20 per cent pre-tax return on equity against 39.3 per cent in the last year. Importantly, its shareholder return programme remains unchanged.

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