Berenberg reshuffles UK housebuilder ratings as margins come under strain
Berenberg has adjusted its recommendations and forecasts for several UK housebuilders, upgrading Barratt Redrow and Bellway to buy while downgrading Berkeley Group to hold. The broker trimmed sector profit-before-tax forecasts for 2027 by 15% and flagged margin pressure from elevated gilt yields and rising energy costs tied to geopolitical events i…