Barratt Developments expects to build strong profit growth July 10, 2014 Housebuilder Barratt Developments has continued the trend of construction companies predicting increases in pre-tax profits, completions and average sales price. Like Bovis Homes, Taylor Wimpey and Galliford Try before it, Barratt announced a sizeable increase in the average cost of one of its houses; up 13 per cent to £220,000 in the financial year. Completions were [...]
Barratt and Derwent benefit from recovery May 8, 2014 BARRATT Developments expects to secure reservations on more than a quarter of next year’s private completions by June as the UK’s housing recovery continues apace. Chief executive Mark Clare said yesterday that rising consumer confidence and better mortgage availability meant sales rates had now reached an “optimum level”, with Barratt registering an average of 0.77 [...]
London Report: Shell and Barratt push FTSE upward to seven-week high April 30, 2014 THE UK’S blue-chip share index set a seven-week high yesterday, lifted by a rally in energy stocks after solid results from Royal Dutch Shell, although tensions in Ukraine and poor US growth data capped gains. Shares in Shell gained 3.7 per cent, adding the most points to the FTSE 100 index, after the Anglo-Dutch company [...]
Barratt Developments hires Dixons chairman John Allan March 11, 2014 BARRATT Developments said yesterday that it has hired Dixons Retail chairman John Allan to take over as its chair when Bob Lawson steps down in November. The housebuilder said Allan, who is also a non-executive director of Royal Mail, will join the board in August. He will replace Lawson, its chairman of six years, at [...]
Barratt Developments snaps up Dixons boss March 11, 2014 Barratt Developments has announced the appointment of Dixons chairman John Allan, as a non executive director and chairman designate. Allan will join Barratt's board on 1 August, and will succeed Bob Lawson who has been chairman since 1 July 2008 following the company's AGM on 12 November. Commenting on the appointment, Bob Lawson, chairman, said: [...]
Housing recovery helps Barratt sales rise more than two thirds January 14, 2014 BARRATT Developments said total home sales grew 71 per cent in the first half of its financial year thanks to government measures and a recovery in the housing market across all regions. Britain’s largest housebuilder by volume said yesterday that total forward sales, excluding joint ventures, jumped to £1.27bn in the six months to 31 [...]