Barratt FY profits fall, no buyback as rising mortgage costs bite
6th Sep 2023 07:03
(Sharecast News) - UK housebuilder Barratt on Wednesday reported a fall in annual profits, cut its dividend and said there would be no share buyback this year as higher borrowing costs hit mortgage affordability.
Read moreBarratt set to meet profit forecasts as completions slip
13th Jul 2023 07:04
(Sharecast News) - Barratt Developments reported a fall in net private reservations and house completions in a full-year trading update on Thursday, although it was set to meet adjusted profit expectations.
Read moreBarratt agrees £168.4m deal with Citra for 604 homes
30th Jun 2023 07:03
(Sharecast News) - Barratt Developments has a agreed the future sale of 604 homes to Citra Living Properties, a wholly-owned subsidiary of Lloyds Bank for £168.4m.
Read moreUBS ups ratings on Crest Nicholson, Persimmon and Vistry
12th Jun 2023 12:22
(Sharecast News) - UBS has upgraded Crest Nicholson, Persimmon and Vistry Group in its latest review of UK housebuilders.
Read moreSector movers: Homebuilders pace losses after core CPI surprise
24th May 2023 17:07
(Sharecast News) - Homebuilders were at the bottom of the pile on Wednesday following the release of data showing an unexpected acceleration in core consumer prices.
Read moreBarratt asks John Allan to step down early as chair
23rd May 2023 08:01
(Sharecast News) - House builder Barratt Developments said it had asked chairman John Allan to step down from his role as chairman earlier than planned, to stop allegations of impropriety towards women becoming a distraction to the company.
Read moreBarratt Developments confident as net reservations fall
3rd May 2023 07:33
(Sharecast News) - Housebuilder Barratt Developments reported a decrease in net private reservations in an update on Wednesday, measured per active outlet per average week, to 0.65 compared to 0.93 for the same period last year.
Read moreHSBC upgrades housebuilders, says market downturn more than priced in
13th Apr 2023 08:11
(Sharecast News) - HSBC upgraded its stance on a host of housebuilders on Thursday as it argued that a downturn in the housing market and tepid recovery in return on invested capital are more than priced in to the shares.
Read moreBarratt warns of uncertainty as mortgage costs rise; Interim profits up
8th Feb 2023 07:01
(Sharecast News) - UK housebuilder Barratt cut its dividend as the housing market started to cool down in response to rising interest rates and mortgage costs.
Read moreBarratt sees 'marked slowdown' in UK housing market
11th Jan 2023 08:21
(Sharecast News) - Barratt Developments flagged a more uncertain outlook on Wednesday following a "marked slowdown" in the UK housing market.
Read moreHousing market slows in wake of mini budget
28th Nov 2022 10:08
(Sharecast News) - House price inflation slowed last month, an industry survey showed on Monday, as demand slumped following the mini-budget and homeowners cut asking prices to secure sales.
Read moreBerenberg remains 'cautious' on UK housebuilders
25th Nov 2022 07:22
(Sharecast News) - Analysts at Berenberg took a fresh look at a number of UK housebuilders on Friday, reiterating its 'cautious view' on the sector.
Read moreBarratt private reservations slip as mortgage deals dry up
12th Oct 2022 07:11
(Sharecast News) - Shares in Barratt fell on Wednesday as the UK's biggest housebuilder said new home sales were falling as higher costs and fewer mortgages amid the cost-of-living crisis were deterring customers.
Read moreBerenberg downgrades raft of housebuilders, upgrades Berkeley
12th Sep 2022 14:59
(Sharecast News) - Berenberg reviewed its ratings on a host of UK housebuilders on Monday as it warned that 2023 will likely be the toughest operating environment for the industry since the Global Financial Crisis.
Read moreBarratt Developments profits rise as completions recover to pre-Covid levels
7th Sep 2022 07:15
(Sharecast News) - Barratt Developments announced a £200m share buyback on Wednesday and posted a rise in full-year profit and revenue as completions recovered to pre-pandemic levels.
Read more