The FTSE 100 closed Friday up 0.57%, reaching its highest level since Oct. 19. (joseph.hoppe@wsj.com)---Berkeley Group Continues to Deliver on Returns for Shareholders1112 GMT - Berkeley Group is a cash cow that continues to deliver the goods, setting itself apart from peers, RBC Capital Markets says. The house builder is finding under-resourced local planning departments unable to approve projects in a timely fashion, a key bugbear for the industry, AJ Bell investment director Russ Mould says in a research note. "Berkeley Group is a cash cow that continues to deliver the goods," he says. The U.K. house builder also reiterated its guidance for fiscal 2024 and 2025 and extended guidance to fiscal 2026.

Source: Wall Street Journal December 08, 2023 23:06 UTC