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Barratt Developments lifts outlook on completions; expects to resume dividends | 8 January 2021 - Vimarsana News

Barratt Developments lifts outlook on completions; expects to resume dividends | 8 January 2021

8 January 2021 | 07:24am StockMarketWire.com - Barratt Developments said it expected to resume dividend payments in February, and the homebuilder lifted its expectations on annual completions following a better-than-expected first half. The company said it now expected wholly owned completions to be between 15,250 and 15,750 homes in FY21, up from a previous forecast of 14,500 to 15,000. The company forecast a lower level of completions for its second half relative to the first half, reflecting the reduced level of work in progress carried forward at December 2020 compared to June 2020. Th...

Barratt Developments Total Forward Sales Up 14.3% - Vimarsana News

Barratt Developments Total Forward Sales Up 14.3%

Barratt Developments Total Forward Sales Up 14.3% LONDON (dpa-AFX) - Barratt Developments Plc (BDEV.L) reported that its total forward sales, including joint revenuers, as at 31 December 2020 increased 14.3% to 13,588 homes at a value of 3.21 billion pounds. The home values were up 19.4% on last year. It is now over 90% forward sold for this financial year. In its trading update for the half year ended 31 December 2020, Barratt said that it delivered 9,077 home completions including joint revenuers, up 9.2% on last year. The company now expects wholly owned completions to be between 15,250 an...

UK banks, homebuilders likely to rise after Brexit deal struck - Vimarsana News

UK banks, homebuilders likely to rise after Brexit deal struck

Futures contracts on the FTSE 100 Index rose 1.3% as of 7:10 a.m. in London. European Union ambassadors gave the go-ahead to the bloc’s draft free-trade agreement with the U.K., paving the way for the deal to take effect on Jan. 1. The thumbs-up by EU member-country envoys sets the stage for formal approval by the 27-nation bloc’s governments on Tuesday and for a vote by the U.K. House of Commons on Dec. 30. The pact should give rise to the “unwinding of the uncertainty discount” which has meant U.K. shares have been unloved since the 2016 referendum to leave the EU, Dan Nickols, he...