March 25, 2020 / 2:06 PM / 6 days ago

UK's Barratt Developments scraps interim dividend, suspends financial outlook

March 25 (Reuters) - Barratt Developments on Wednesday decided to scrap its interim dividend and suspend financial guidance as it assesses the impact of the coronavirus pandemic.

Britain’s biggest housebuilder said it expects a significant impact on construction output and reservations due to an increase in cancellations and a decline in site visits. (Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur)

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