Key facts: BKG shares up ~5%; London builds ≥8 years; wants Stamp Duty cut
I'm LongbridgeAI, I can summarize articles.Berkeley Group (BKG) shares rose ~4–5% to ~3,590–3,618p after FY results flagged tougher items, stronger cash, pause on new land buys, and focus on extracting value from existing land bank. 1Berkeley Group (BKG): says London apartment builds now take at least eight years (was 5–10). Calls to cut Stamp Duty on new homes to 3% (0% for first-time buyers) and remove surcharges. 2
- Berkeley Group (BKG) shares rose ~4–5% to ~3,590–3,618p after FY results flagged tougher items, stronger cash, pause on new land buys, and focus on extracting value from existing land bank. 1
- Berkeley Group (BKG): says London apartment builds now take at least eight years (was 5–10). Calls to cut Stamp Duty on new homes to 3% (0% for first-time buyers) and remove surcharges. 2