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Higher sales prices are offsetting higher costs, meaning Berkeley Group Holdings PLC (LON:BKG)’s on track to meet its full year profit target. Pre-tax profit’s expected to be £600m this year, rising to £625m in 2024. Berkeley Group – Pricing Props Up Profits, Outlook UncertainForward sales rates are expected to be “marginally” ahead of last year’s £2.17bn, with the group seeing a “good level” of demand. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. ...
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Look ahead to FTSE 350, other companies reporting & economic events from 5 – 9 September 2022 Berkeley (LON:BKG) will reveal whether they are still confident about delivering on their earning ambitionsBarratt Development (LON:BDEV) will show the impact cost inflation has had on marginsIt will be seen whetherHalfords’ (LON:HFD) shift from non-essential products to motoring services has been successfulAnalysts are expecting operating profit to fall by a quarter for Melrose (LON:MRO)Vistry (LON:VTY) anticipates ‘significant’ margin progress over the year, half-year results should shed light on ho...
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Berkeley Group Holdings PLC (LON:BKG) posted revenue of £2.3bn, up 6.6%, as the group sold 33% more homes. Higher operating costs and a lower average selling price, due to the type of property sold, meant operating margin declined 1.2 percentage points. However, driven by higher profit from joint ventures, pre-tax profit rose 6.4% to £551.5m. Pre-tax profit is expected to come in at £600m next year, and £625m for the two years thereafter. Berkeley continues to target £282m in shareholder returns per year, in either dividends or buybacks. £63.7m has been returned so far this year, with more inf...
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Berkeley Group’s EarningsWhile solid results for the year, Berkeley (along with the housing sector) is seemingly much less sure about its prospects for the year ahead. And in the short term, we’d tend to agree. We heard from Rightmove this week, that demand for housing has slowed and that’s a trend that’s set to continue as the cost of living bites and interest rates are expected to rise to 3% by the end of the year. Q1 2022 hedge fund letters, conferences and more If you think many mortgages (although mostly fixed for at least a few years) were linked to a base rate of 0.25% last year, given ...
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Look ahead to FTSE 350, other companies reporting & economic events from 20 – 24 June 2022 Associated British Foods plc (LON:ABF) will reveal how resilient Primark shoppers are with prices set to rise.We’ll see if the slowdown in online shopping is being felt for packaging giant DS Smith plc (LON:SMDS).Cost inflation remains in focus forBerkeley Group Holdings PLC (LON:BKG).The UK economy’s latest temperature check will be revealed by the ONS.Q1 2022 hedge fund letters, conferences and more Associated British Foods, Q3 Trading Statement, Monday 20 JuneLaura Hoy, Equity Analyst “Inflation will ...
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Bellway: Not Losing The PlotBellway plc (LON:BWY) walked into this morning’s earnings with a whole lot of confidence. And in fairness, the homebuilder was able to justify plenty of the pep in its step. Demand hasn’t wavered, and neither has Bellway’s ability to jack up prices and widen its margin too. Q1 2022 hedge fund letters, conferences and more It’s been a massive beneficiary of the UK housing market’s boom, taking advantage of the past two years’ record high demand and prices. But what now that the market’s showing signs of slowing? Bellway isn’t paring back its forecasts. It’s opting fo...
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“The unease seeping across financial markets is fast turning into panic as the fear factor over conflict in Ukraine intensifies while the spectre of soaring inflation looms ever larger. The FTSE 100 sank deeper into the red with losses intensifying after Wall Street opened to yet another slide. Once again tech stocks are taking the biggest tumble on indices with chip maker NVIDIA Corporation (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA) and Netflix Inc (NASDAQ:NFLX) among the biggest fallers on the S&P 500 which has entered correction territory today. Investors are bracing themselves for action follo...
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“Falling oil and copper prices have seen miners and energy giants slip in trading on the FTSE 100 pushing the index into the red but it’s a signal that some of the supply pressures and higher costs weighing on companies are set to ease. Oil prices have dipped to their lowest level in almost six weeks after US stockpiles increased, with forecasts that American producers are ramping up production. Higher inventories of copper in warehouses are also easing concerns about a tight supply of the metal, which was having big implications for the progress of green energy projects, not least the adoptio...
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