MARKET RELATIONSHIP: London is no longer the head office for the Berkeley Group house builder


London is no longer the head office for the Berkeley Group house builder, who has warned of a "lack of urgency" in the capital's real estate market.

As it announced a 26% drop in half-year profits, but has lifted its guidance for the full year, Berkeley said it had invested in 11 new sites, all outside London.

Although the giant FTSE 100 seemed not in a hurry to buy land in the capital, which in September had warned to be "forced" by the uncertainty of Brexit, has not completely renounced its domestic market.

The CEO Rob Perrins said he saw new opportunities in London and South East as the market took into account economic uncertainty and strategic interventions, such as increases in stamps.

In the six months ending in October, Berkeley has finished 2027 homes, more than 10 percent of London's new private and economic homes. Although the pre-tax income of 401.2 million pounds decreased compared to last year's £ 539.8 million for the first half of its financial year, Berkeley said it now plans to make at least 5% in more than GBP 641 million it would have to cash in for the full year

The group also promised to extend its shareholder return program up to 2025, which offers investors £ 280 million a year through dividends and share repurchases. The shares rose by 1.1 per cent, or 35 p, to 3356 p.

But George Salmon, a stock analyst at Hargreaves Lansdown, said: "The sentiment will remain closely linked to the Brexit barometer, given that London could be in the eye of the storm in the event of a disordered departure. [from the EU] trigger a collapse of the housing. & # 39;

After the crash on Thursday, the FTSE 100 rebounded to 1.1 percent, or 74.06 points, to 6778.11.

John Wood Group, an engineer for oil wells and industrial companies, was the biggest upright – rose by 4.4 percent, or 26.6p, to 628p according to the oil price increase.

After the short foray of $ 60 a barrel on Thursday, the price of oil rose by around 5%. This gave a hand to the London energy sector: Royal Dutch Shell was up by 2.8%, or 63.5 p, to 2365 pence. Premier Oil recorded new production records and shares increased by 14.8%, or 9.75 percentage points, up to 75.85 percentage points.

The satellite company Inmarsat was confirmed in court after a long battle with competitor Viasat against the wifi in flight.

Several years ago Inmarsat was granted a contract by the European Commission to build the European aviation network, to provide WiFi on airplanes.

He had to get permission from the telecommunications regulator in every European country to build the network. Ofcom of the United Kingdom, as well as other European regulators, have granted the license. But Viasat, based in California, who wants to join the network, said that Ofcom should not have granted Inmarsat a license.

He stated that Inmarsat had violated his contract with the Commission, because he was using land-based infrastructures and satellite frequencies to build the network. But Viasat's challenge to the Competition Appeal Tribunal in London was archived yesterday. Inmarsat shares rose 1.6 percent, or 6.5p, to 418.4 points.

Games Workshop, the miniature war games producer, recorded a turnover of £ 124 million and an operating profit of £ 41 million in the six months prior to December 2.

He said his Warhammer game, which now commands greater production capacity, was in "good shape" and announced a 30-point dividend, bringing the year-end dividend to 95p from last year's 85p. The shares increased by 4.3%, or 130 points, to 3125 percentage points.

Miner Condor Gold jumped by 8.9%, or 2.5p, to 30.5p, announcing that it had expanded the site of a project in Nicaragua by 45%.


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