Berkeley Halts Land Buys, CEO Blasts Government
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Berkeley, a major FTSE 100 homebuilder, has halted new land purchases due to regulatory hurdles, high taxes, and the impact of the Middle East conflict. Shares plummeted by up to 19%, and the company slowed profit growth and construction investments. Despite a slight sales uptick earlier in the year, Marchs realities dampened buyer confidence. CEO Rob Perrins criticized the government, urging reforms to levies, stamp duty, and planning permissions. Berkeleys land inventory for over 60,000 homes, primarily in London and southeast England, is at risk without a housebuilding push. The companys revised profit forecast of £1.4 billion for 2027-2030 falls short of analyst expectations, increasing pressure for policy changes to boost construction.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/8ffc9a489e137ae8