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Pin to quick picksBerkeley Group Share News (BKG)

Share Price Information for Berkeley Group (BKG)

London Stock Exchange
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Share Price: 5,245.00
Bid: 5,260.00
Ask: 5,270.00
Change: 80.00 (1.55%)
Spread: 10.00 (0.19%)
Open: 5,205.00
High: 5,290.00
Low: 5,200.00
Prev. Close: 5,165.00
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LONDON MARKET OPEN: FTSE 100 edges higher as Fed rally fades elsewhere

Mon, 18th Dec 2023 09:07

(Alliance News) - The FTSE 100 managed to eke out some minor gains at Monday's market open, while stocks elsewhere pulled back after last week's advance.

The FTSE 100 index opened up 12.80 points, 0.2%, at 7,589.16. The FTSE 250 was down 20.90 points, 0.1%, at 19,188.07, and the AIM All-Share was down 1.18 points, 0.2%, at 738.13.

The Cboe UK 100 was up 0.3% at 758.18, the Cboe UK 250 was down 0.1% at 16642.63, and the Cboe Small Companies was up 0.1% at 14,304.78.

In European equities, the CAC 40 in Paris was down 0.5%, while the DAX 40 in Frankfurt was down 0.4%.

Save for London's flagship index, global equity markets largely began the week on a more downbeat note, as last week's global equity rally triggered by the US Federal Reserve's dovish pivot faded, succumbing to profit-taking and perhaps to more hawkish comments from Fed officials at the end of the week.

After the Fed had signalled rate cuts of as much as 75 basis points next year, some officials attempted to reign in market expectations.

New York Federal Reserve President John Williams told CNBC's "Squawk Box" that the central bank isn't "really talking about rate cuts right now." Separately, Atlanta Fed President Raphael Bostic, who votes on monetary policy next year, told Reuters that he expects two rate cuts in 2024 but not starting until the third quarter.

Sterling was quoted at USD1.2688 early Monday, a touch lower than USD1.2693 at the London equities close on Friday. The euro traded at USD1.0917, slightly higher than USD1.0912.

Against the yen, the dollar was quoted at JPY142.48, up versus JPY141.75.

The Bank of Japan began its two-day monetary policy meeting and will announce its decision on Tuesday.

According to a Bloomberg report last Monday citing "people familiar with the matter", the BoJ is likely to keep its ultra-loose monetary policy in place, despite recent market speculation that the negative rate may be scrapped. This is because the central bankers have yet to see enough evidence of wage growth to support sustainable inflation, Bloomberg reported.

"There is nothing more than a slim probability for the BoJ to exit negative rates this week, but investors are eager to hear further details about how and when the BoJ will leave the negative rate territory. Concrete details regarding the BoJ’s policy plans and/or changes in BoJ's inflation outlook could cause swift moves in yen markets, which became very volatile since Ueda hinted that something is cooking in its kitchen," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

In the FTSE 100, Vodafone was the top performer, up 5.5%.

On Friday, Reuters reported that Illiad, a French telecommunications firm, was planning a proposal to Vodafone Italy to combine its Italian operations in a joint venture by the end of next month. Reuters cited "two sources briefed on the matter".

Spirax-Sarco Engineering named Croda International's Louisa Burdett as its new chief financial officer, with a starting date of July next year. Burdett is currently CFO at Croda, and has led finance functions at "several large companies" including Meggitt and Victrex. Spirax-Sarco said CFO Nimesh Patel, who was previously announced to be its new CEO, will take the helm of the firm on January 16. Group finance director, Phil Scott, will be interim CFO from that date until Burdett joins the company.

Croda noted Burdett's departure and said it has begun the search for her successor. Additionally, Croda said adjusted pretax profit was likely to come at the lower end of its guidance of GBP300 million to GBP320 million range, mostly due to recent currency movements, especially in Argentina.

Croda shares fell 1.4%, while Spirax-Sarco dropped 2.2%.

However, the worst performer in the FTSE 100 was Mexican precious metals miner Fresnillo, down 6.2%, as Morgan Stanley cut the stock to 'underweight' from 'equal weight'. Housebuilders Berkeley Group and Barratt Developments were also stung by a broker downgrade, falling 2.3% and 1.1% respectively after UBS cut the stocks to 'neutral' from 'buy'.

It was a better morning for gambling company Entain, however, rising 5.2% as Jefferies raised the stock to 'buy' from 'hold'.

In the FTSE 250, Games Workshop added 3.4%, as it announced an agreement with Amazon's Content Services subsidiary for the prospective development of its Warhammer 40,000 universe into films and television series, alongside the associated merchandising rights.

The deal grants exclusive rights to Amazon for film and TV series set within the universe, as well as an option for exclusive rights in the Warhammer Fantasy universe down the line. "Games Workshop and Amazon will work together for a period of 12 months to agree creative guidelines for the films and television series to be developed by Amazon. The agreement will only proceed once the creative guidelines are mutually agreed between Games Workshop and Amazon," the UK company said.

It added that it will make no change to its forecast for its financial year ending in June. Games Workshop had announced an agreement in principle with Amazon in December last year.

Elsewhere in London, Canadian Overseas Petroleum plunged 31%.

The Calgary-headquarter oil and gas firm said its non-binding Cole Creek joint venture letter of intent has been terminated, and it plans "no further discussions at this stage".

Back in July, COPL had announced the potential joint venture with "an established energy company" to develop and exploit oil reserves at the Cole Creek in Converse and Natrona counties, Wyoming.

"The company will provide a further update before year end regarding its strategy relating to the development of its Cole Creek and Barron Flats Shannon Units," COPL said on Monday.

Gold was quoted at USD2,024.05 an ounce early Monday, lower than USD2,034.62 on Friday.

Brent oil was trading at USD76.91 a barrel, rising from USD76.34.

Still to come on Monday's economic calendar, there's the latest Ifo business climate index reading from Germany at 0900 GMT.

By Elizabeth Winter, Alliance News deputy news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
13 Mar 2023 17:12

UPDATE: Barratt, Gleeson, Taylor Wimpey, Berkeley sign UK housing deal

(Alliance News) - Barratt Developments PLC, MJ Gleeson PLC, Taylor Wimpey PLC and Berkeley Group Holdings PLC on Monday joined other building companies in signing the UK government's self remediation contract.

Read more
10 Mar 2023 17:42

UK stocks slide as financials tank

UK banks index drops to 2-month low

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Read more
10 Mar 2023 09:24

UK's Berkeley cautious about housing market but maintains profit guidance

LONDON, March 10 (Reuters) - British house builder Berkeley Group Holdings Plc maintained its 2023 outlook on Friday and said house prices remained firm, but added it was cautious as sales are falling amid volatility in the property market.

Read more
10 Mar 2023 09:00

LONDON MARKET OPEN: US bank stock sell-off weighs on global equities

(Alliance News) - Stock prices in London fell sharply at Friday's open, as a positive UK GDP print was overshadowed by concerns for the health of the global financial sector.

Read more
10 Mar 2023 08:17

TOP NEWS: Berkeley confirms annual profit guidance, set for payouts

(Alliance News) - Berkeley Group Holdings PLC on Friday said trading between November and February was in line with levels noted in December as the UK housebuilding sector recovers from its September 'mini budget' shock.

Read more
10 Mar 2023 07:48

LONDON BRIEFING: UK economy grows 0.3%; FirstGroup raises outlook

(Alliance News) - Stocks in London were called to open sharply lower on Friday, amid fears over the health of the US banking sector.

Read more
10 Mar 2023 07:14

Berkeley Group trading in line amid softer demand

(Sharecast News) - Berkeley Group said in a trading update on Friday that its current trading was in line with the levels it identified in December.

Read more
3 Mar 2023 15:45

UK earnings, trading statements calendar - next 7 days

Monday 6 March 
Amte Power PLCHalf Year Results
BATM Advanced Communications LtdFull Year Results
Clarkson PLCFull Year Results
Craneware PLCHalf Year Results
Murray International Trust PLCFull Year Results (TBC)
Seeing Machines LtdHalf Year Results
Tuesday 7 March 
Ashtead Group PLCQ3 Results
Bank of Ireland Group PLCFull Year Results
Dotdigital Group PLCHalf Year Results
Elementis PLCFull Year Results
Ferguson PLC Half Year Results
Foxtons Group PLCFull Year Results
Fresnillo PLCFull Year Results
Greggs PLCFull Year Results
IWG PLCFull Year Results
Johnson Service Group PLCFull Year Results
Just Group PLCFull Year Results
Keller Group PLCFull Year Results
Origin Enterprises PLCHalf Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
STV Group PLCFull Year Results
Tremor International LtdFull Year Results
Wednesday 8 March 
Admiral Group PLCFull Year Results
Bakkavor Group PLCFull Year Results
Breedon Group PLCFull Year Results
CLS Holdings PLCFull Year Results
Darktrace PLCHalf Year Results
Galliford Try Holdings PLCHalf Year Results
Headlam Group PLCFull Year Results
Hill & Smith PLCFull Year Results
Hiscox LtdFull Year Results
Ibstock PLCFull Year Results
IP Group PLCFull Year Results
Legal & General Group PLCFull Year Results
musicMagpie PLCFull Year Results
Netcall PLCHalf Year Results
Quilter PLCFull Year Results
Restaurant Group PLCFull Year Results
SIG PLCFull Year Results
Somero Enterprises IncFull Year Results
Spirent Communications PLCFull Year Results
TClarke PLCFull Year Results
TT Electronics PLCFull Year Results
Tullow Oil PLCFull Year Results
Thursday 9 March 
Aviva PLCFull Year Results
ConvaTec Group PLCFull Year Results
Digital 9 Infrastructure PLCFull Year Results
DS Smith PLCTrading Statement
Endeavour Mining PLCFull Year Results
Entain PLCFull Year Results
Forterra PLCFull Year Results
Franchise Brands PLCFull Year Results
Hammerson PLCFull Year Results
Informa PLCFull Year Results
Kier Group PLCHalf Year Results
M&G PLCFull Year Results
Network International Holdings PLCFull Year Results
Oakley Capital Investments LtdFull Year Results
PageGroup PLCFull Year Results
Seraphim Space Investment Trust PLCHalf Year Results
Spirax-Sarco Engineering PLCFull Year Results
Volution Group PLCHalf Year Results
Wheaton Precious Metals CorpFull Year Results
Friday 10 March 
Allianz Technology Trust PLCFull Year Results
Berkeley Group HoldingsTrading Statement
FBD Holdings PLCFull Year Results
Robert Walters PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
2 Mar 2023 17:46

FTSE 100 fights off losses as sterling loses shine; weak earnings weigh

HSBC down on trading ex-dividend

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Read more
23 Feb 2023 15:55

UK dividends calendar - next 7 days

Friday 24 February 
abrdn Property Income Trust Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Atrato Onsite Energy PLCdividend payment date
Axiom European Financial Debt Fund Ltddividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Edinburgh Investment Trust PLCdividend payment date
Games Workshop Group PLCdividend payment date
Gooch & Housego PLCdividend payment date
Greencoat Renewables PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Hollywood Bowl Group PLCdividend payment date
Hollywood Bowl Group PLCspecial dividend payment date
Impact Healthcare REIT PLCdividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
North American Income Trust PLCdividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
RWS Holdings PLCdividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Monday 27 February 
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
Schroder UK Mid Cap Fund PLCdividend payment date
Tuesday 28 February 
Bankers Investment Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Custodian Property Income REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Henderson International Income Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
Polar Capital Global Financials Trust PLCdividend payment date
Polar Capital Global Healthcare Trust PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
UK Commercial Property REIT Ltddividend payment date
Wednesday 1 March 
JPMorgan China Growth & Income PLCdividend payment date
Thursday 2 March 
Aquila Energy Efficiency Trust PLCex-dividend payment date
Ashmore Group PLCex-dividend payment date
Atlantis Japan Growth Fund Ltdex-dividend payment date
Berkeley Group Holdings PLCex-dividend payment date
Capital & Counties Properties PLCex-dividend payment date
City of London Investment Group PLCex-dividend payment date
Compass Group PLCdividend payment date
Diageo PLCex-dividend payment date
Diversified Energy Co PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Genus PLCex-dividend payment date
Hargreaves Lansdown PLCex-dividend payment date
Hays PLCex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
HICL Infrastructure PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
JPMorgan Global Growth & Income PLCex-dividend payment date
MJ Gleeson PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
Regional REIT Ltdex-dividend payment date
Ruffer Investment Co Ltdex-dividend payment date
Safestore Holdings PLCex-dividend payment date
Scottish American Investment Co PLCex-dividend payment date
Temple Bar Investment Trust PLCex-dividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
Watkin Jones PLCdividend payment date
Wilmington PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
23 Feb 2023 11:42

IN BRIEF: Berkeley sets out dividend portion of shareholder return

Berkeley Group Holdings PLC - Cobham, Surrey-based housebuilder - Declares 69.44 pence per share interim dividend, forming part of the GBP141.4 million shareholder returns programme for the six months ending March 31. Berkeley's financial year ends on April 30. The cash dividend is worth GBP75.2 million in total, and a GBP66.1 million share buyback makes up the rest. Berkeley says it will return the same total of GBP141.4 million through dividends and buybacks in the six months ending September 30. The portion of this that will be paid as a dividend will be announced before the end of August, taking into account shares buybacks conducted in the intervening period, Berkeley says.

Read more
13 Feb 2023 12:14

LONDON MARKET MIDDAY: FTSE 100 edges back toward recent record high

(Alliance News) - Stock prices in London were mostly higher at midday on Monday, as markets looked ahead to a busy week for economic data out of the UK.

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6 Feb 2023 10:46

Liberum downgrades Taylor Wimpey on valuation grounds

(Sharecast News) - Liberum downgraded Taylor Wimpey on Monday as it took a look at the UK housebuilding sector.

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30 Jan 2023 11:00

UK tells housing firms: Pay to fix unsafe buildings or face development ban

LONDON, Jan 30 (Reuters) - Housing companies will be blocked from new development work unless they agree to pay for cladding removal and other repairs on unsafe multi-storey buildings - a bill totalling 2 billion pounds ($2.5 billion) - the British government said on Monday.

Read more
30 Jan 2023 09:44

Housebuilders given six-week deadline to agree cladding UK package

(Alliance News) - Housebuilders and developers have six weeks to agree to a GBP2 billion remediation package for unsafe buildings or face "significant consequences", the UK government said on Monday.

Read more

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