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Housebuilder Berkeley said he continues to tackle the “insufficient” London housing market, even after making more than expected annual earnings.
For the year ended in April, Berkeley posted a 2.9% increase in pre-tax profit of £ 518m, surpassing analysts’ consensus forecast of £ 510m. Revenues increased 14.7% to £ 2.2bn and cash from futures sales was more or less stable year-on-year to £ 1.7bn.
The long-term target has not changed, and the pre-tax profit for the next two fiscal years is expected to be about the same as this year.
“We are fully aware of the impact of Covid-19 and important speculations and debates about the future of the city,” said Berkeley. “But this is all that must be provided in terms of culture, entertainment and education, with permanent structural changes that can reverse urbanization and undermine the attractiveness of global cities such as London. I’m sure it doesn’t represent. Recreation and business. “
Swiss Re sold half of its stake Phoenix Group Overnight, Swiss Re’s stake was reduced to 6.6% and part-time directors on Phoenix’s board of directors as insurance companies granted permission to unlock the 12-month lock-up agreed in July 2020. It means that you are no longer eligible to appoint. .. As a result, Swiss Re’s nominated representative Christopher Minter will resign later this week.
The Competition and Markets Authority said it secured what was called a breakthrough commitment from Aviva And persimmon As part of a survey of the leasehold sector. Aviva voluntarily agrees to double the rent and scrub the terms from the lease agreement to repay the affected homeowners, Persimmon discounts the free ownership of their property to the rental homeowners CMA said it will offer the option to buy at.Regulators inaugurated Enforcement measures against four home developers in September..
AnexoSaid it provided drivers with the adoption of car credits and management of legal claims and was approached by private equity group Dbay Advisors with a price-earnings ratio of 150p per share. Anexo’s stock closed at 136.25p on Tuesday, with a value of £ 158m.
Retail company Joules Store sales have exceeded expectations since the blockade was lifted, he said. Revenues for the year ended May increased by 4% to £ 199m, thanks to online growth and active contributions from the household goods sector Garden Trading. Pre-tax profits were “slightly above current market expectations” between £ 5.5m and £ 6.5m before the exception, he said.
Flooring maker Victoria It has announced that it will acquire Cali Bamboo for £ 55.1 million to further expand its distribution business in North America.
Liontrust Asset Management Profit before tax for the year ended March was £ 64.3m, up 69% year-on-year, and revenue was £ 164m, up 54%. The fund manager recommended a second interim dividend of 36p per share. This will increase the total annual dividend by 42 percent compared to 2020 to 47p.
Russian gold miner Node Gold Pulled the plan It will be listed in London just two weeks after its announcement due to volatility in precious metal prices.
British companies suffering from coronavirus-related debt HM Revenue and Customs Agency,this Do not pursue them due to unpaid taxes To avoid the wave of bankruptcy this summer.
all Taxpayer support loan Provided by Green Sill Capital According to a document confirmed by the FT, under the government’s coronavirus big business suspension loan scheme scheme, we went to a company related to metal mogul Sanjeb Gupta.
Polymer manufacturer Synthomer Former Clariant Director Michael Willome has been appointed as the new CEO. Willome is the successor to Calum MacLean, who announced plans to resign in January.
Beyond square miles
Vivendi With the support of shareholders Universal Music Group Hive Off Moving to another company, Billionaire Vincent Bolloré manages the label and is worth € 35 billion to be listed on Euronext in Amsterdam recently in September.
U.S. pharmaceutical company McKesson is Explore the sale Bloomberg reported that it had acquired its European business in a move to overturn its acquisition of Germany’s Celecio for $ 8.3 billion in 2014. Germany’s Phoenix Group may acquire a business on the European continent, and a private equity fund is under negotiation for the UK sector, including the Lloyd pharmacy chain, citing those familiar with the matter. And said.
Black stone have Agreed to acquire Home Partners of America, the buyer and operator of rental properties, is $ 6 billion. With $ 378 billion worth of real estate assets, the private equity firm’s real estate arm adds a portfolio of more than 17,000 homes nationwide.
Morgan Stanley Employees and clients not vaccinated with Covid-19 Forbidden to enter According to an internal note seen by FT, the bank’s New York office.
Wall street stock Obtained Raise Nasdaq to new highs overnight after chairing the Federal Reserve Board Signaled the patient’s approach Reduce monetary policy support with pre-parliamentary testimony.
Important comments before going
If high-income democracy takes the lead, we need a much more coherent idea than the G7 showed. These countries have the right to want to protect their core values. But their main threat is not from China But from near my house.. Most important is the failure to ensure widely shared prosperity and uphold democratic norms.
The government wants to send more retirement savings in the country For private equity, Real estate and similar illiquid investments. However, the pension and investment industries remain on the sidelines until they find a working rate structure.
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Housebuilder Berkeley reiterates commitment to London Source link Housebuilder Berkeley reiterates commitment to London