Page 13 - Barratt Developments News Today

Barratt Developments plc (OTCMKTS:BTDPF – Get Free Report)’s share price dropped 2.1% during mid-day trading on Thursday . The stock traded as low as $6.40 and last traded at $6.40. Approximately 1,500 shares were traded during trading, a decline of 73% from the average daily volume of 5,467 shares. The stock had previously closed at […]

The Newcastle-based housebuilder saw weekly private reservation rates rise to 0.59 per outlet last month, compared to 0.45 in January 2023.

British housebuilders have suffered in the past year in challenging market conditions, but the tide may finally be turning for the sector.

UK housing developers are trying to shake off a poor end to 2023 with Bellway Homes' completions down almost a third year-on-year.

David Thomas, the Barratt Developments boss, has decided that rival homes builder Redrow will be an ideal extension to his business

An all British deal between FTSE100 firms is almost always preferable to an overseas or private equity takeover which weakens UK equity markets.

The combined firm - Barratt Redrow - will be the UKs largest residential developer. able to build around 23,000 homes a year.

The newest combination, to be named "Barratt Redrow", aims to deliver more than 22,000 homes each year in the medium term, or 57% to 63% more than the 13,500 to 14,000 deliveries Barratt expects to deliver by itself in fiscal 2024.

Barratt and Redrow say there has been a pick-up in activity since the turn of the year after earlier fall in sales

The following London-listed shares received analyst recommendations Thursday morning: ---------- FTSE 100 ---------- UBS cuts London Stock Exchange to neutral - price target 10,000 pence...