FTSE 100 quarterly review: Weir Group could be making way for Berkeley Group to enter blue-chip index September 1, 2015 Housebuilder Berkeley Group could make a grand entrance to the FTSE 100 later this month, while engineering business Weir Group is set for a demotion into the FTSE 250 as part of the index's quarterly review. The move is based on the companies' position within their current respective indices. The FTSE EMEA Committee will [...]
Housebuilder shares drop on “vanilla” house price growth August 18, 2015 Shares in the UK's largest listed housebuilders fell today, despite official figures showing annual house price growth rose to 5.7 per cent in June. Shares in Barratt fell 1.45 per cent to 643.5p in late morning trading, while Berkeley Group was down just under one per cent at 3,422p. Meanwhile, shares in Persimmon, which posted [...]
Why everyone should stop panicking about Berkeley Group boss Tony Pidgley’s £23m bonus August 11, 2015 Yesterday’s revelation that Tony Pidgley – founder, chairman and general grandfather figure at housebuilding giant Berkeley Group – is about to net himself £23m-odd in bonus payouts has created something of a storm. There’s no denying it’s a vast sum: it puts Pidgley above Wayne Rooney in the pay scale, making him the second [...]
These five charts show how Berkeley Group’s Tony Pidgley’s £23.2m salary compares to Wayne Rooney, Martin Sorrell – and you August 10, 2015 Tony Pidgley, founder and boss of Berkeley Group, got a £23.2m payout as the UK housebuilder’s profits soared. A total of £42m in bonuses were paid out to five top executives at Berkeley last year, to kick off payouts totalling up to £500m in the next six years, following a 42 per cent surge in [...]
Housebuilder shares rise as government launches £36m fund to build first-time buyer homes on brownfield sites August 10, 2015 Shares in the UK's largest housebuilders rose today after the government unveiled two funds collectively worth £36m aimed at building homes for first-time buyers on brownfield sites. Communities secretary Greg Clark said a £26m fund will be used to acquire brownfield sites to provide land for starter homes, while another, £10m, fund is aimed at [...]
July Budget 2015: Buy-to-let tax relief cut hits housebuilders as Foxtons, Barratt, Crest Nicholson and Berkeley Group share prices slide July 8, 2015 Shares in housebuilders and estate agents slid yesterday as the chancellor announced plans to curb the booming buy-to-let sector by cutting tax relief. While homeowners had mortgage interest relief withdrawn 15 years ago, buy-to-let landlords have continued to reap the benefits, with the wealthiest able to reclaim 45p of every £1 they pay in [...]
Berkeley says interest rates hike could ease London house price rises June 17, 2015 Housebuilding giant Berkeley Group Holdings said yesterday that the prospect of an interest rate hike may help ease the pressure on London’s rising house prices, which have been fuelled by a lack of available homes in the capital. Data from the Office of National Statistic yesterday showed that wages have risen at their fastest [...]
UK house prices: Tony Pidgley’s Berkeley calls for Britain to stay in the EU as housebuilder’s profits rise 42 per cent June 17, 2015 London-centred residential property developer Berkeley Group announced a 42 per cent increase in full-year profits today, but warned a British exit from the EU would be bad for the capital's property market. Read more: How can the UK build more houses? In preliminary results for the year to the end of April, Berkeley stressed that the [...]
High hopes for 250 City Road as Berkeley unveils new tower at Tech City hub January 29, 2015 Anyone following the current spread of new developments cropping up around London could be forgiven for thinking the market on City Road is over-saturated. This long stretch off of Old Street roundabout has attracted a seriously impressive number of developers, which is partly a success story for Tech City (the government-backed initiative to create a [...]
UK house prices: Berkeley Group brushes off lower growth to post 80 per cent profit growth December 5, 2014 UK house prices may have begun to slip from the meteoric growth levels seen earlier this year, but Berkeley group is still reaping the rewards. The British house building company reported a 79.9 per cent rise in profit before tax for the six months to 31 October, putting the figure at a healthy £305m. Revenue [...]