Berkeley Group maintains profit and dividend guidance

Berkeley Group reported a resilient level of house sales in the past four months and was confident enough about the "compelling" fundamentals of the London and South East housing market to maintain profit and dividend guidance. Although sales in the second half have been above business plan level, the FTSE 100 housebuilder blamed its inability to increase production beyond this level due to factors outside its control: high transaction costs, the limits on income multiples for mortgage borrowing ...

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