Business
COVID-19 Trading Update
COVID-19 Trading Update.
About this update from Berkeley Group Holdings Plc
[{"type":"text","content":"\n \n \n RNS Number : 8575H\n Berkeley Group Holdings (The) PLC\n 27 March 2020\n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n \n \n \n \n 27 March 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n THE BERKELEY GROUP HOLDINGS PLC\n \n \n \n \n \n COVID-19 Update\n \n \n \n \n \n The Berkeley Group Holdings plc (\"Berkeley\" or the \"Company\") today announces how it is responding to the COVID-19 virus. \n Berkeley is the country's leading place-maker, operating principally in London, Birmingham and the South of England. We create beautiful, successful places where communities thrive and where people of all ages and backgrounds enjoy a great quality of life.\n \n \n \n \n \n Operations\n \n \n \n \n \n The health and safety of our people, subcontractors and customers is Berkeley's first priority. During the course of the Coronavirus crisis we have operated in accordance with Government and Public Health's Guidance, modifying our working practices to observe social distancing protocols, to continue many of our site activities.\n \n \n However, our supply chain is experiencing understandable and increasingly considerable challenges in maintaining the delivery of materials to site. Therefore, we are now progressively managing the safe, temporary suspension of work on developments where this is the case. This will take time to achieve as critical in-progress works are brought to the stage where they can be safely suspended and secured. \n \n \n We are focusing our efforts on completing a number of private and affordable homes which are close to handover and which many customers, across all tenures, will still need us to finish. Our site teams will continue to deliver these remaining essential works safely, and in-line with the Government's social distancing guidance. \n \n \n The significant majority of our office-based staff are working from home and we have closed our sales centres and show homes.\n \n \n We would like to record our thanks to all our staff, subcontractors and supply chain who have worked, and continue to work, tirelessly to meet our commitments to our customers in a safe manner in these unprecedented times. \n \n \n Profit Guidance and confirmation of su...