House-builder Berkeley said the trading environment over the four months to end-February had remained “consistent with that experienced over the last two years”.
The FTSE 100 group reiterated its guidance for pre-tax profit of £710-730m and said that it expected to have around £860m of net cash at its April year, but that as it is currently “assessing a number of opportunities” for investment, this may be reduced.

On the market outlook, Berkeley said: “While very mindful of the potential for short-term market dislocations from the current political back-drop, we remain steadfast in our belief in the long-term resilience and attraction of our markets of London, Birmingham and the South East.”