Berkeley Group, the housebuilder, is to return £242m this year to shareholders even after a 5.2% drop in interim profit to £81.5m.
The company’s focus on producing mixed-use developments in run-down areas of London has seen it sell fewer homes at lower prices.
References: Financial Times 09/12/06 page 17, Daily Telegraph 09/12/06 page 29 The Times Business 09/12/06 page 58, The Independent 09/12/06 page 58
