MARKET TALK: Berkeley Impresses With FY Pretax Profit - Shore

25th Jun 2010 08:06

0706 GMT [Dow Jones] Berkeley Group's (BKG.LN) FY results against a backdrop of resilient pricing generates pretax profit of GBP110.3M, around 3% ahead of Shore Capital's forecast. Shore says the company has a strong cash position and is well placed to continue buying land at attractive prices. Shore maintains a buy rating and expects the company's NAV to rise strongly in the medium term. Shares +1.4% at 812p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 25, 2010 03:06 ET (07:06 GMT)