Coronavirus forces Berkeley to postpone £455m investor payout

By Hamish Champ2020-03-12T09:38:00

Housebuilder says decision was made “in the context of the current increased macro uncertainty”

Berkeley Group’s shares dipped 7% today after the housebuilder announced it was postponing a multi-million pound payout to shareholders, pointing the finger of blame at the coronavirus epidemic.

The housebuilder had been due to hand over £455m to investors by way of a shareholder return, but instead said it would put the payout on hold.

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