Page 19 - Barratt Developments News Today

A new housebuilding powerhouse could deliver much-needed homes, but this deal ensures that a ‘slick operator’ acquires the necessary acres, insiders say

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

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

Wednesday trading also saw indexes in Germany and France dropping.

London's stock markets finished in the red on Wednesday, as investors digested fresh house price data as well as news of a big merger in the housebuilding sector.

The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among Londons large-caps as it announced a buyback plan. The...

European stocks closed on a firm note on Tuesday with investors digesting the latest batch of earnings and economic updates, and assessing the likely moves of major central banks with regard to interest rates.

Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer. The FTSE 100 index ended up 68.15 points,...

European stocks closed on a firm note on Tuesday with investors digesting the latest batch of earnings and economic updates, and assessing the likely moves of major central banks with regard to interest rates.

Investors' focus over the coming week would be on the world's central banks and the global services sector.