Berkeley takes 35% profit hit as Covid-19 bites

By David Parsley2020-06-17T07:48:00

Source: Phil Weedon

Upmarket housebuilder Berkeley Group has confirmed plans to postpone a £455m payout to investors by two years due to the uncertainty created by the Covid-19 health crisis.

The developer also reported a sharp fall in profit and revenue during the year to the end of April.

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