Berkeley, Toyota, Tesla, Trump Media and Broadcom

Berkeley (BKG.L)

Housebuilder Berkeley climbed 2% on Friday morning, after the company said it was on track to meet its revenue target for the year.

Berkeley said trading had been “steady” in the first four months of its financial year and reiterated its forecast for pre-tax profits of £525m for the year ending 30 April 2025. to be accomplished, adding that 90 percent of it has already been done. Exchanges are secured by sales contracts.

The housebuilder also said that due to the fact that pre-tax profit is expected for the first half of its fiscal year, operating margins for the period will be slightly ahead of the long-term range of 17.5% to 19.5%.

Data from Halifax, released Friday, showed. UK house prices hit two-year high. In August, the average house price is now £292,505.

Aarin Chiekrie, equity analyst at Hargreaves Lansdown, said “with the new government in power, there is renewed hope that planning laws are being reformed”.

“All of this is likely to improve activity, and Berkeley says it is fully committed to boosting production and helping the country address its housing shortage,” he added.

Toyota (TM)

Shares of the world’s largest automaker Toyota were flat in premarket trading on Friday, despite reports that it has cut its global electric vehicle (EV) production plans for 2026 by about a third due to weak demand. has done

Nikki’s business daily Reported that the Japanese automaker is reducing its global EV production forecast by a million cars.

A Toyota spokesperson was not immediately available to comment on the reports when contacted by Yahoo Finance UK on Friday.

In 2023, Toyota sold 104,018 EVs, although this still represents less than 1% of its global sales.

Akio Toyoda, the chairman of Toyota, has previously said that in his opinion, A A complete transition to EVs was not the answer. And they are sure to reach only 30% of the global market share.

Meanwhile, shares of US EV maker Tesla continued to rise on Thursday, ending the session up nearly 5 percent.

The stock gained on the news that Tesla was planning. Launch fully self-driving cars. Early next year in Europe and China, pending regulatory approvals.

Tesla’s shares were already rising after that. Reports That it wants to produce a six-seat version of its Model Y electric SUV in China from late 2025.

Reuters reported that Tesla had asked suppliers to prepare for double-digit growth in output of its Model Y car at its Shanghai factory.

However, shares dipped into the red in premarket trading on Friday morning. The Financial Times reported. That Tesla’s share of Chinese EV sales fell in the first seven months of the year, as buyers looked to other modern models.

Donald Trump’s media company closed Thursday’s session at $17.40 a share, virtually erasing its gains since the start of the year. The company now has a market capitalization of $3.5bn based on yesterday’s closing share price.

Shares rose at the start of the year following Trump’s victory in the Republican primary in January.

However, shares have fallen recently as the lock-up period on the stock is set to expire on September 19, when Trump and early investors will be allowed to begin offloading shares.

The fall also comes as it approaches the US presidential election in November, with Democratic nominee and incumbent Vice President Kamala Harris making a strong showing in the polls.

Chipmaker Broadcom was down about 7 percent in premarket trading on Friday, after it gave guidance for fourth-quarter revenue. Below Wall Street’s expectations.

The company said on Thursday it forecast fourth-quarter revenue for Semiconductor Solutions of $14bn, down from $14.3bn expected.

However, Broadcom’s fiscal third-quarter results beat expectations with revenue of $13.07bn, slightly higher than the $13.03bn expected.

It also posted adjusted earnings per share of $1.24, topping estimates of $1.22.

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