Berkeley sees lower profit after performance peaks

Berkeley Group said it expected profit to fall by 30% in its current financial year as the benefits of buying land at low prices fade for the London-focused housebuilder. The FTSE 100 company's pre-tax profit for the year to the end of April rose 15% to £934.9m from £812.4m a year earlier. Revenue fell 0.7% to £2.7bn. Berkeley said pre-tax profit for the two years ending April 2019 would be at least £1.575bn - £75m higher than previously estimated. Chief executive Rob Perrins said ...

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