Share buy-backs could be the order of the day at Berkeley following the aborted bid by Tony K Pidgley, son of the housebuilding firm’s managing director.
The shares rose 4.9% to 674p, largely recouping Tuesday’s losses.
SSSB says buybacks would be a way of extracting value.
References: Financial Times 20/02/03 page 40 (Markets – London), The Guardian 20/02/03 page 28 (Market forces), The Daily Telegraph 20/02/03 page 32 (The Market
