Housebuilder Berkeley to pay out £1bn to shareholders
(The Guardian Business News)

Analysts say doubling of award reflects new certainty after Tory election victoryThe housebuilder Berkeley has pledged to pay out £1bn to shareholders over the next two years, almost doubling the planned financial award to its investors.The FTSE 100 company has ridden the booming British property market since the financial crisis, with house prices rising particularly in London and south-east England, its main sources of revenue. Those price rises came despite the political uncertainty caused by the Brexit vote. Continue reading...