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Pidgley: for London to thrive, stay in the EU

Pidgeley-THUMB.jpegBerkeley Group chairman Tony Pidgley has pledged his support for Britain’s continued membership of the EU as the “best way for London to thrive as a world city”.

But he warned that business must not be bound by over-regulation, “be this from our own government or from Europe”.

Berkeley posted a 30.8% rise in revenue and a 43.7% cut in costs, delivering a pretax profit of £539.7m, up from £380m the previous year. Earnings per share were up by 41.1%, NAV per share rose by 12.5% to 1,199p and it confirmed a 90p per share interim dividend.

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