Finance

Berkeley shares tumble as profits hit peak

By 2018-06-20T16:40:00

Shares

Berkeley Group shares tumbled 5.7% on Wednesday to 3,893 points despite posting a 15% rise in pre-tax profit.

Alongside its results the housebuilder warned profitability will drop around 30% when it returns to what it calls “more normal” levels in the current financial year.

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