Barratt Developments to restart construction work this month May 1, 2020 Housebuilder Barratt Developments will restart work on construction sites this month after temporarily closing operations during the coronavirus lockdown. Work to implement social distancing measures will begin on 11 May, after which Barratt will restart building work across 180 of its construction sites, representing 50 per cent of its sites. The developer this morning said [...]
John Allan: Tesco chair now also quits Barratt role fearing misconduct claims may become ‘disruptive’ May 23, 2023 Tesco chair John Allan will quit his role at the top of Barratt Developments, fearing sexual misconduct claims which he staunchly denies will become “disruptive. The London-listed housebuilder told investors this morning that Allan would step aside from the role he has chaired for nine years at the end of next month – three months [...]
Coronavirus: Barratt Developments scraps dividend March 25, 2020 Housebuilder Barratt Developments has scrapped its £100m payout to shareholders over the business uncertainty caused by coronavirus. Barratt, which has closed all of its sites, said it expects the coronavirus outbreak to have a “significant impact” on construction output and reservations and has cancelled all previous financial guidance. The company said that due to the [...]
Housing market: Shares in FTSE 100 house builders tumble as outlook weakens March 1, 2023 Investors are shying away from pumping their funds into the residential market after figures from the Bank of England show that mortgage approvals for house purchases plummeted to the lowest level since the 2008 financial crash.
Gladman Homes founder increases investment in Henry Boot April 30, 2024 The founder of one of the UK's most active land promoters has further increased his stake in property developer Henry Boot.
Coronavirus: Barratt Developments furloughs 85 per cent of staff April 16, 2020 Housebuilder Barratt Developments today announced it has temporarily laid off 85 per cent of its staff through the government coronavirus job retention scheme. Furloughed employees will receive full pay until at least the end of next month, the company said this morning. The developer also said both the executive and non-executive teams had agreed to [...]
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
Travis Perkins shares sink after mortgage misery profit warning October 11, 2023 Travis Perkins joins a slew of other businesses in the construction industry which have been hindered by the UK's ailing property market.
Barratt: Rising mortgage costs could hit its profits as house prices slide January 11, 2023 Barratt Developments said the outlook for 2023 was ‘uncertain’ as rising mortgage costs force residential property sales down. The FTSE 100 listed house builder said demand for its homes in 2023 looks “uncertain” due to prospective home buyers shunning big ticket purchases amid a cost of living and mortgage affordability squeeze. Mortgage costs have been [...]
Marshalls expectations unchanged despite UK housing market slowdown October 18, 2023 Building products supplier Marshalls provided investors with a trading update today with a 3 per cent decline in revenue, sitting at £528m.