Berkeley Shares Drop After Analyst Downgrade and Index Demotion
Berkeley Group Holdings PLC shares fell sharply after Berenberg reduced its rating from buy to hold, citing narrowed valuation advantage and a weaker sector outlook. The downgrade followed Berkeley’s FY2026 results and came amid the company’s demotion from the FTSE 100 to the FTSE 250. Broader market headwinds for UK housebuilders - including highe…