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UPDATED ON 13 MARCH 2026
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Berkeley & Rolls-Royce: Markets live

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UK shares to buy
UK shares to buy 漏 Investors鈥 Chronicle
March 13
产测听Alex Hamer
Rolls-Royce SMR permitting crawls along

Rolls-Royce鈥檚 (RR.) small modular reactor (SMR) design has passed the next stage in its permitting process in the UK after the government 鈥渏ustified鈥 the design. This is part of the long planning process but further ministerial approval for the technology. Parliamentary approval is still needed. 

The decision came at the same time as the government announced it would make nuclear power plant planning and permitting easier. The Rolls-Royce SMR will still need to go through the existing process, which a review last year said was 鈥渃entral to this relative decline鈥 in the UK鈥檚 nuclear sector. 

鈥淭he increasing complexity and risk aversion of our regulatory system has contributed to a weakening of the UK鈥檚 leadership and competitiveness [in nuclear power],鈥 said John Fingleton, who led the review.

The changes will remove 鈥渄uplicative or overly complex guidance, rules and regulations that have been holding back our nuclear ambitions鈥, said chancellor Rachel Reeves on Friday morning.

One example used in the Fingleton review was the measures at Hinkley Point C to reduce the number of fish killed by its water intake. A 拢700mn programme will save 鈥0.083 salmon per year, along with 0.028 sea trout, 6 river lamprey, 18 Allis shad, and 528 twaite shad鈥, the review said. 

It heard from environmental groups as well, some of whom were said to 鈥渢hink the current system works well and that high costs are mainly due to developers not planning enough for mitigation鈥.

Hinkley Point C鈥檚 total budget is now 拢49bn, compared to an 拢18bn estimate in 2016.

March 13
产测听Hugh Moorhead
Berkeley shares fall despite positive update

Berkeley Group (BKG) said that it is on track to meet 2026 guidance in a trading statement covering the four months to the end of February.

The housebuilder, whose sites are largely in and around London, said that sales remained 鈥済ood鈥, even though geopolitical events and macro-economic uncertainty had constrained consumer confidence.

As a result it was on track to achieve its 拢450mn profit before tax guidance for each of 2026 and 2027, and finish this year with net cash of 拢300mn.

The company also noted that progress had been made with speeding up approvals for tall developments in the capital, but that 鈥渢here is still a long way to go鈥. Shares fell 3 per cent in early trading.

March 13
产测听Hugh Moorhead
Glenveagh guides for growth in 2026

Glenveagh Properties (GLV) has demonstrated that the Irish housebuilders are continuing to outperform their UK counterparts following Cairn Homes鈥檚 (C5H) results last week.

The company reported profit before tax of 鈧125mn on revenues of 鈧926mn in 2025, up 10 per cent and 7 per cent respectively. Both were in line with the guidance in Glenveagh鈥檚 January trading statement.

The company鈥檚 2026 guidance points to continued growth. It expects completions to rise 7 per cent to 2,750 and for its gross margin to remain above 21 per cent. As a result, it expects 2026 EPS of up to 21c, up from 20.0c in 2025.

鈥淭he policy environment for housing is supportive thanks to the changes that the Government has implemented in its first year,鈥 said chief executive Stephen Garvey. Shares fell 2 per cent in early trading.