Berkeley Shares Drop on Warning Iran War Impacting Sentiment

Berkeley Group Holdings Plc reiterated its profit guidance for the year but warned that the conflict in the Middle East was “weighing heavily on risk sentiment.”

The housebuilder reaffirmed its pretax profit guidance of £450 million ($598 million) for this year and a “similar level” for 2027, according to a statement Friday. Still, it warned trading had been constrained by the impact on consumer confidence of geopolitical events and macroeconomic uncertainty between Nov. 1 and Feb. 28.