Barratt Developments to beat forecasts with 45pc rise in profits July 9, 2015 The figures Housebuilder Barratt Developments is expecting a 45 per cent increase in profits for the year to the end of June, it said in a trading update today. The company is set to beat analysts’ forecasts, with a full-year pre-tax profit up to around £565m, while total forward sales are expected to have risen 29.6 per [...]
July Budget 2015: Buy-to-let tax relief cut hits housebuilders as Foxtons, Barratt, Crest Nicholson and Berkeley Group share prices slide July 8, 2015 Shares in housebuilders and estate agents slid yesterday as the chancellor announced plans to curb the booming buy-to-let sector by cutting tax relief. While homeowners had mortgage interest relief withdrawn 15 years ago, buy-to-let landlords have continued to reap the benefits, with the wealthiest able to reclaim 45p of every £1 they pay in [...]
William Hill’s finance chief Neil Cooper trades in horseracing for housebuilding at Barratt Developments June 18, 2015 Bookmaker William Hill yesterday said that its group finance director Neil Cooper is leaving after five years to join Barratt Developments. Cooper is going back to his housebuilding roots, having previously held the role of finance director at Bovis Homes before joining William Hill. His contract has a 12 month notice period, but his actual [...]
UK house prices: Building new properties doesn’t drive down prices, study shows June 7, 2015 Building new properties doesn't drive down house prices, according to a study by the London School of Economics. By looking at the price impacts of a series of Barrat Homes developments in suburbs and villages over the past five years, the researchers found no evidence of a price depreciation. In fact, in some cases [...]
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 [...]