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Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

UK's biggest builder Barratt buoyant as profit rises
Wednesday, 6 Sep 2017 02:17am EDT 

Sept 6 (Reuters) - Barratt Developments Plc :Fy pretax profit rose 12.1 percent to 765.1 million stg.Final dividend 10.3 penceper share.Total dividend up 33.3 percent to 24.4 penceper share.Total completions (plots) 3 17,395 + 0.4 percent.Strong growth in profit before tax, up by 12.1% to £765.1m.39.0% increase in final ordinary dividend per share to 17.1p (2016: 12.3p) together with 17.3p special dividend per share.Group starts new financial year in a good position with a strong balance sheet, healthy forward sales and we continue to see robust consumer demand supported by a positive mortgage environment..We are focused on driving further operational improvements through business with a particular focus on margin improvement.".Whilst general election in june 2017 created some uncertainty, government support for housebuilding and a commitment to tackle country's housing shortage remain.Following outcome of eu referendum, board continues to monitor carefully potential impacts of vote to leave eu on our business..Market conditions remain good with a wide availability of attractive mortgage finance, which, alongside help to buy, continues to support robust consumer demand..  Full Article

Barratt Developments appoints Jessica White CFO
Thursday, 22 Jun 2017 02:00am EDT 

June 22 (Reuters) - Barratt Developments Plc ::Jessica White will join board of Barratt as an executive director and chief financial officer, with immediate effect.  Full Article

Barratt Developments announces CFO resignation
Thursday, 19 Jan 2017 10:57am EST 

Barratt Developments Plc : Board change . Neil Cooper, chief financial officer (CFO), has left company by mutual agreement, effective immediately. . CEO David Thomas will reassume temporary responsibility for finance function .Board is launching a search for a new CFO.  Full Article

Barratt says will reassess future land, build programmes after Brexit
Wednesday, 13 Jul 2016 02:45am EDT 

Barratt Developments Ceo Thomas Tells Reuters Post : Referendum market conditions that more likely on balance that market will slow down than speed up .Barratt developments ceo says will look at future land commitments, our build programmes and the extent we should slow down build programmes.  Full Article

Barratt Development confident on outlook in 'strong' market
Wednesday, 11 May 2016 02:00am EDT 

Barratt Developments Plc : Strong market conditions - confident on outlook . Sales rate of 0.75 (2015: 0.74) net private reservations per active outlet per week . Total forward sales (including joint ventures ('jvs')) up by 9.7% as at 8 may 2016, to £2,844.0m (10 may 2015: £2,592.3m) . Excellent land opportunities available and we expect to approve between 21,000-23,000 plots in current financial year . Remain on track to deliver expected improvement in performance for full year . Current expectation remains to deliver attractive future cash returns of £678m over two years to november 2017 .Continue to target minimum gross margin of 20% and minimum roce of 25% by fy17.  Full Article

British housebuilders sink as investors call top

LONDON, Sept 12 British housebuilding stocks tumbled on Tuesday as big share sales by company founders and growing pessimism among analysts reignited concerns over the resilience of a sector which had enjoyed a strong rally since the Brexit vote.