If you’d invested in: Berkeley Group and the AA
Housebuilder Berkeley Group is on track to deliver pre-tax profits of £3bn, while the AA has seen £200m wiped off its value.
If only...
Berkeley Group (LSE: BKG) is a residential and commercial property developer based in the UK. This month, it reported that it was on track to deliver pre-tax profits of £3bn over the five years ending in April 2021, with profits this year similar to the previous financial year of £812.4m. Meanwhile, the number of new construction starts in London, Berkeley's key market, has decreased 30% compared with 2015 amid Brexit uncertainty.
Be glad you didn't
AA (LSE: AA) provides automobile insurance and breakdown coverage as well as financial services. Last month saw £200m wiped off AA's value as executive chairman Bob Mackenzie was sacked for gross misconduct. It also lowered its full-year forecasts and said performance in the first half of the financial year had been hit. Last week, ongoing plans to merge its insurance business with Hastings were called off.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.
-
Tesla and Alphabet announce results – should you invest in Big Tech?
How profitable are the world’s biggest tech companies? We share the latest so far this earnings season.
By Katie Williams Published
-
How working part-time in retirement could boost your pension by £87,000
Easing into retirement by working a few days a week could add thousands to your pension pot. We crunch the figures to see how working part-time can boost your pension po
By Ruth Emery Published