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Berkeley halts £455m investor payout on coronavirus fears
Housebuilder says decision to postpone payout was made despite ”no noticeable impact on Berkeley’s business to date”
Berkeley Group’s shares dipped 7% today after the housebuilder announced it was postponing a multi-million pound payout to shareholders, pointing the finger of blame at the coronavirus epidemic.
The housebuilder had been due to hand over £455m to investors by way of a shareholder return, but instead said it would put the payout on hold.
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