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Barratt Developments reports more positive sales - from HortWeek

(RTTNews) - European stocks are up in positive territory on Wednesday amid speculation the Federal Reserve, which is expected to raise interest ra...

FTSE 100 Rises as Financials Gain; Builders Fall 0821 GMT - The FTSE 100 rises 0.4%, or 30 points to 7803 as modest gains for financial stocks outweigh losses for builders and Haleon. Lloyds Banking Group falls 0.6% after the U.K.-focused bank main... | 05:03am

UK housebuilder Barratt Developments reports a sales pickup and insists it will meet City profit expectations for the year. In its latest trading statement, the housebuilder explains that the early signs of recovery in reservation rates seen in late January and early February has continued. Barratt chief executive

London’s FTSE 100 regained ground this morning after nursing sharp losses yesterday driven by fears over the global banking system flaring up.

The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session.

The housebuilder reported that the net private reservation rate at its active outlets had risen from 0.49 units per average week during January to 0.71 in the following 12 weeks.

Housebuilder Barratt Developments reported a decrease in net private reservations in an update on Wednesday, measured per active outlet per average week, to 0.65 compared to 0.93 for the same period last year.

The Federal Reserve has upped key US interest rates by a quarter of a percentage point to a range between 5% and 5.25%., in a move that comes alongside hopes that tonight’s quarter point increase will be the last in the current cycle.

Demand for houses built by Barratt Developments is almost back to levels recorded before the pandemic erupted, but is still down on the “exceptionall