Berkeley to hit its profit target early September 5, 2011 HOUSEBUILDER Berkeley Group performed better than expected in the four months since May and said yesterday it would hit its five-year profit target at least two years early after seeing a pickup in market conditions. The FTSE 250-listed group embarked on a plan in May 2010 to double pre-tax profit within five years as well [...]
ANALYST VIEWS: HOW WAS BERKELEY’S TRADING STATEMENT? September 5, 2011 SIMON BROWN | NORTHLAND CAPITAL Land and an entrepreneurial approach to its defined regional market are core strengths within The Berkeley Group. The rating is a “buy” and we see no reason to remove this stock as our favoured investment in the sector. ROBIN HARDY | PEEL HUNT [The statement] could mean that consensus is [...]
Berkeley upbeat as sales and land bank grow September 5, 2011 House builder Berkeley Group performed better than expected in the four months since May and now expects to reach its five-year profit target at least two years early, it has said. In an upbeat trading statement, Berkeley said since it revealed its five-year growth strategy in May its forward sales had grown to in excess [...]
Berkeley upbeat as sales and land bank grow September 5, 2011 House builder Berkeley Group performed better than expected in the four months since May and now expects to reach its five-year profit target at least two years early, it has said. In an upbeat trading statement, Berkeley said since it revealed its five-year growth strategy in May its forward sales had grown to in excess [...]
RBS GIVES BACK WITH BORIS BUSINESS DEAL May 15, 2011 GOOD to see that RBS, 83 per cent owned by the taxpayer, is giving something back, after the bank donated £275,000 to Mayor of London Boris Johnson’s “Business Bootcamps”. The scheme, launched last Friday, aims to help London’s fledgling entrepreneurs get their businesses off the ground through a series of bootcamp-style workshops run by business [...]
BEST OF THE BROKERS April 20, 2011 BERKELEY GROUP HSBC has upgraded the housebuilder’s rating from “neutral” to “overweight” and has raised its target price by 340p to £12.30. The broker has raised its forecasts and ratings for a number of British residential property firms after government support for new builds in the Budget and a growing resilience in prices. HSBC sees [...]
Hurdle for Barclays’ hotel bid April 10, 2011 Attempts by the Barclay brothers to take control of the Maybourne Hotel Group have hit a snag, after a Malaysian sovereign wealth fund bought up debts linked to the firm. 1Malaysia Development Fund is thought to have paid £50m for debts held by the Irish government against shares owned by one of Maybourne’s biggest investors, [...]
Hurdle for Barclays’ hotel bid April 10, 2011 Attempts by the Barclay brothers to take control of the Maybourne Hotel Group have hit a snag, after a Malaysian sovereign wealth fund bought up debts linked to the firm. 1Malaysia Development Fund is thought to have paid £50m for debts held by the Irish government against shares owned by one of Maybourne’s biggest investors, [...]
A NIGHT TO CELEBRATE ASIANS IN BUSINESS March 20, 2011 FRIDAY night saw big hitters from London’s Asian community come together for the Asian Business Awards, which celebrated the UK’s most successful Asian entrepreneurs and their business success stories with dinner and a discussion forum at the Park Plaza Westminster Bridge. The top award of the night – for Asian business of the year – [...]
A NIGHT TO CELEBRATE ASIANS IN BUSINESS March 20, 2011 FRIDAY night saw big hitters from London’s Asian community come together for the Asian Business Awards, which celebrated the UK’s most successful Asian entrepreneurs and their business success stories with dinner and a discussion forum at the Park Plaza Westminster Bridge. The top award of the night – for Asian business of the year – [...]