Related Companies: Berkeley Group Holdings (The) (BKG) , NCC Group (NCC) , Pri0r1ty Intelligence Group PLC (PR1)
The housebuilder Berkeley Group published full year results this morning and despite pre-tax profits being in line with expectations and margin improvement being seen despite the challenges of inflation, investors have been quick to dump the stock on Friday morning. The generous capital returns shareholders have seen of late are being scaled back and the report also highlights that despite the good intentions of the government when it comes to house building, regulatory headwinds persist. The Berkeley share price was down 9% in early trade.
The information assurance firm NCC saw its share price extend recent losses after yesterday’s publication of interim results. Whilst headline profits soared, that was the result of a one-off disposal whilst revenues were squeezed. The fact this is coming despite increased demand for cybersecurity solutions appears to have seen the stock being marked down and that trend was continuing in early trade on Friday. By 8.30am, the NCC share price was trading around 2.5% lower, down 13% from Wednesday’s close.
The AI-driven growth services company Pri0r1ty Intelligence saw its shares jump higher on Friday morning following the news that it had adopted a Bitcoin Treasury Management policy, following the integration of crypto payment options into the onboarding process. The company notes increased client interest now that it offers BTC transaction functionality and that has helped drive the Pri0r1ty Intelligence share price up by 37% in the first hour of trade.
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