Berkeley Group is on course to hit its pre-tax profit target of £600m, it has said.

The housebuilder, in a brief trading update today, said strong demand means it expects to hit its target for the year to 30 April 2023.

This would represent an increase of 8.7% on the £552m pre-tax profit it made in the previous financial year. It is also expecting to increase its pre-tax profit further to £625m in 2024.