Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
Berkeley group plc has proposed to increase its return to shareholders by £455 million, bringing total returns to £1 billion over the next 2 years.
Under its existing scheme, the group intended to make returns of £280 million annually until September 2025, via share buybacks and ordinary dividends. The proposal will see the company handing out an additional £500 million by March 2020, and a further £500 million by March 2021 via B and C share schemes, followed by share consolidations. Following this, the company intends to revert to the original return of £280 million per annum until 2025.
The London housebuilders attributed this to cautious investment, including several long-term regeneration sites, in a ‘volatile operating environment’ which has seen its cash position rise from £107.5 million to in excess of £1.0 billion. The company has begun construction on 20 of these sites in December and expects to see a 50% increase in housing delivery over the next 6 years.
Berkeley’s share price increased 4% on 22 January, following the announcement.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.
0330 161 1234