Stay updated with breaking news from Barratt Developments. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 UK's 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...