Berkeley on track to hit forecasts

FTSE 100 housebuilder Berkeley (LON:BKG) has reiterated its guidance for the current and next two years after it experienced a stable trading environment during the quarter ended 28th December. The company said that it was mindful of the potential dislocations from current political uncertainties, but was confident in the long-term prospects of its London, Birmingham, and South-Eastern key markets.

The company expects that net cash at the end of April will be around £859.7 million. The price of shares in Berkeley rose by 1.82% to 3,978p (as of 11:50 GMT).