Key Developments: Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

366.20GBp
21 Aug 2014
Price Change (% chg)

6.60p (+1.84%)
Prev Close
359.60p
Open
359.90p
Day's High
367.00p
Day's Low
358.60p
Volume
2,884,635
Avg. Vol
4,690,796
52-wk High
455.40p
52-wk Low
296.65p

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Latest Key Developments (Source: Significant Developments)

Barratt Developments Plc announces interim dividend of 3.2 pence per share
Thursday, 27 Feb 2014 02:00am EST 

Barratt Developments Plc:Announces interim dividend of 3.2 pence per share.  Full Article

Barratt Developments Plc forms new JV with London and Quadrant
Wednesday, 18 Dec 2013 02:00am EST 

Barratt Developments Plc:Announces the formation of a new joint venture (JV) to act as the parent entity for the strategic alliance between Barratt and London and Quadrant (L&Q).Says this will provide a platform for the partners to continue to invest, in a disciplined way, in future opportunities in London.Says Barratt and L&Q first partnered in 2010 for the development of Altitude.Says the new JV parent entity is BDWZest Developments LLP (BDWZest).Says the three existing JV trading entities at Altitude, Queensland Terrace and Fulham Riverside have been transferred into BDWZest.Says there was nil consideration as Barratt and L&Q received an equal interest in BDWZest for their respective interests in the JV trading entities.Says Barratt's share of the gross asset value of the three existing JV entities as at June 30 was 119 million pounds.Says the development at Nine Elms will be held in BDWZest when the purchase from Sainsbury's becomes unconditional in early 2014.Says a new five year revolving credit facility of 120 million pounds has been arranged for BDWZest.Says this facility will initially repay a loan of about 21 million pounds from L&Q that was made to the Altitude development in 2011.Says it will then be available to the JV for land and build expenditure.Says the JV will continue to be primarily equity funded by Barratt and L&Q.  Full Article

Barratt Developments Plc Proposes Final Dividend
Wednesday, 11 Sep 2013 02:05am EDT 

Barratt Developments Plc announced that the board has proposed to pay a final dividend of 2.5 pence per share for the financial year ending June 30, 2013 will be paid on November 20, 2013 to shareholders on the register at the close of business on October 25, 2013.  Full Article

Barratt Developments Plc Issues FY 2013 Profit Before Tax Guidance Above Analysts' Estimates-DJ
Wednesday, 10 Jul 2013 02:34am EDT 

Dow Jones reported that Barratt Developments Plc said that for fiscal 2013, it expects profit before tax and exceptional items to be GBP192 million, above analysts' expectations of GBP170 million-GBP191 million, and it is confident to improve performance still further in the year ahead. According to I/B/E/S Estimates, analysts are expecting the Company to report Pre tax Profit of GBP182 million for fiscal 2013.  Full Article

Barratt Developments Plc Updates on Dividend Proposal
Wednesday, 15 May 2013 02:01am EDT 

Barratt Developments Plc announced that the Board expects to propose a conservatively set final dividend in respect of the fiscal year ending June 30, 2013 building to a dividend cover of around three times for the financial year ending June 30, 2016.  Full Article

Barratt Developments Plc Issues FY 2013 Operating Profit Guidance
Wednesday, 16 Jan 2013 02:00am EST 

Barratt Developments Plc announced that group operating profit expected to be GBP80 million for fiscal 2013, up by c. 31% on the prior year.  Full Article

Barratt Developments Plc Does Not Recommend Dividend
Wednesday, 12 Sep 2012 02:01am EDT 

Barratt Developments Plc announced that there will be no dividend for the year to June 30, 2012 but the Board expects to recommend to shareholders a final dividend in respect of the year to June 30, 2013  Full Article

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