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Barratt Developments

  • Barratt Developments boss Mark Clare warns Tories over housing

    May 13, 2015

    The boss of Britain’s biggest housebuilder has called on the new Tory government to accelerate its sell-off of public sector land in order to help solve the country’s housing crisis.   Mark Clare, the chief of Barratt Developments, said the election outcome ushered in a “positive political and economic environment” for housing, with the Conservatives [...]

  • UK house prices: Barratt Developments storms to highest ever number of forward sales

    May 13, 2015

    Housebuilder Barratt Developments just beat its record for the highest number of forward sales. UK house price growth may have slid from the dizzying heights of last May, but Barratt is reaping the benefits of consistent market growth.  The figures Throughout the 19 weeks to 10 May, Barratt said: “market conditions have remained strong throughout [...]

  • Taylor Wimpey, Barratt Developments and Persimmon share prices dip as fears about Labour rent control plans take hold

    April 27, 2015

    Housing experts warned that Labour plans to bring in rent controls could lead to investors pulling out of the rental market.   The Association of Rental Letting Agents (ARLA) said yesterday that three-quarters of its members feared the plans would “see landlords exit the market and reduce supply”.   Such fears led to an immediate [...]

  • Barratt chief executive Mark Clare to step down in July

    March 27, 2015

    Barratt Developments has announced David Thomas, the group's finance director, will replace Mark Clare as chief executive from 1 July 2015. Mark Clare will step down after nine years with Barratt to focus on his non-executive career, the housebuilder said. The board decided to appoint David Thomas after a review that included external advisers. Barratt [...]

  • Housebuilder shares rise as Conservatives promise 200,000 cheap starter homes for first-time buyers

    March 2, 2015

    Shares in the UK's largest housebuilders bounced this morning, after the Conservatives pledged to make 200,000 "starter homes" available cheap for first-time buyers if they win the election. Shares in Taylor Wimpey rose 1.54 per cent to 147p in early trading, while Barratt rose 0.87 per cent to 520p and Persimmon rose 1.36 per cent [...]

  • Barratt Developments posts massive 75 per cent profit increase

    February 25, 2015

    The figures Barratt Developments' half-year results will make cheerful reading for the company's shareholders. Pre-tax profit at the company climbed 74 per cent, while total completions rose 12.5 per cent. Basic earnings per share were also up 78.9 per cent.  Why it's interesting Barratt enjoyed a booming 2014 with stronger profits, and shareholders were treated [...]

  • Barratt Developments sees property sales and completions jump in first half

    January 14, 2015

    Sales at residential property company Barratt Developments jumped by 17 per cent in the six months to 31 December, up to £1.68bn from £1.44bn in the first half of the 2014 financial year. Completions also increased, improving from 6,195 to 6,971. Of the total number of completions, 1,149 were in the affordable housing sector, which [...]

  • Taylor Wimpey, Barratt and Persimmon share prices among biggest FTSE fallers as Jefferies slashes ratings

    January 9, 2015

    Housebuilders Taylor Wimpey, Barratt and Persimmon were among the biggest fallers on the FTSE 100 this morning, after broker Jefferies cut its rating across the sector. Shares in Taylor Wimpey – whose rating was cut to "hold" from "buy" – were down 4.9 per cent in lunchtime trading, while Barratt and Persimmon, which were both [...]

  • Barratt, Taylor Wimpey and Bellway among 16 national house builders to sign up to government’s Starter Homes initiative

    December 15, 2014

    Some of the UK's biggest property developers have signed up to a new government scheme designed to help first-time buyers get a foot on the ladder.    Avant, Barratt, Taylor Wimpey and Bellway are among 16 house builders to have put their name to the scheme, which offers first-time buyers under the age of 40 [...]

  • Barratt Developments and Taylor Wimpey join the FTSE 100 in quarterly shake-up

    December 3, 2014

    Home-builders Barratt Developments and Taylor Wimpey will join the FTSE 100 index, replacing Petrofac and IMI, it has been announced today. The latter two have recently been hurt by crumbling commodity prices amid a global sell-off. Jimmy Choo, Allied Minds, CLS Holdings, Game Digital, Greggs and Spirit Pubs will join the FTSE 250. EnQuest, Fenner, [...]

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