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Britain s housing market has been booming throughout the pandemic, but that didn t help Berkeley Group s shares yesterday.
The housebuilder was the biggest faller on the FTSE100 after flagging delays in procuring materials since the end of the Brexit transition arrangement, and changing sales times on some of its developments due to the pandemic.
Covid appears to have had little impact on Berkeley so far. For the financial year, ending in April, the company expects to generate a similar profit to the £504million it made a year earlier.
And forward sales are expected to be above £1.7billion by then, taking the firm into next year in a strong position.
MARKET REPORT: Berkeley Group shares suffer dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
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