Berkeley shares slide despite jump in profit

By Joey Gardiner2022-06-22T10:16:00

£200m wiped off value of housebuilder as firm warns over ‘volatile’ operating environment

London-focused housebuilder Berkeley has seen its share price slide despite announcing a 6.4% increase in pre-tax profit in company results for the year to April 30.

Berkeley said trading at the business remained “stable”, despite fears over the state of the market, with trading in the new financial year in line with the end of the last, but warned over the potential for a “volatile” operating environment to impact upon supply and demand.

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