Edition:
United States

Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

524.20GBp
4:23am EDT
Change (% chg)

-8.20 (-1.54%)
Prev Close
532.40
Open
531.00
Day's High
531.60
Day's Low
524.10
Volume
287,649
Avg. Vol
4,169,619
52-wk High
705.50
52-wk Low
479.10

Latest Key Developments (Source: Significant Developments)

UK builder Barratt's half-year pre-tax profit rises 6.8 percent ​
Wednesday, 21 Feb 2018 02:07am EST 

Feb 21 (Reuters) - Barratt Developments Plc ::H1 PRETAX PROFIT ROSE 6.8 PERCENT TO 342.7 MILLION STG.INTERIM DIVIDEND 8.6 PENCEPER SHARE.‍STRONG OPERATIONAL AND FINANCIAL PERFORMANCE DRIVEN BY GOOD CUSTOMER DEMAND​.‍GOOD GROWTH IN PROFIT BEFORE TAX, UP 6.8% TO £342.7M WITH ROCE UP BY 1.3 PPTS TO 28.3%​.‍APPROVED PURCHASE OF £641.2M (2016: £328.2M) OF LAND REFLECTING CONFIDENCE IN MARKET, EXCELLENT LAND OPPORTUNITIES AND COMMITMENT TO DISCIPLINED VOLUME GROWTH​.‍GROUP HAS HAD A STRONG START TO OUR FINANCIAL YEAR AND OUTLOOK FOR FULL YEAR IS IN LINE WITH BOARD'S EXPECTATIONS.​.‍WE CONTINUE TO EXPECT TO GROW VOLUMES MODESTLY WHILST ENSURING WE MAINTAIN OUR INDUSTRY LEADING STANDARDS OF QUALITY AND SERVICE.​.‍BOARD'S CONFIDENCE IN GROUP'S OPERATIONAL AND FINANCIAL PERFORMANCE IS REFLECTED BY PROPOSED FY19 SPECIAL DIVIDEND.​.‍TOTAL COMPLETIONS (PLOTS) 3 7,324​.‍REVENUE 1,988.0​.‍NET PRIVATE RESERVATIONS UP 6.5% AT A VERY STRONG 0.82 (2017: 0.77) PER ACTIVE OUTLET PER AVERAGE WEEK​.‍TOTAL FORWARD SALES 3 UP 2.0% TO £3,077.9M AS AT 18 FEBRUARY 2018 (19 FEBRUARY 2017: £3,018.2M)​.‍PROFIT BEFORE TAX 342.7​.  Full Article

British builder Barratt Signs JV With Swindon Borough Council
Thursday, 18 Jan 2018 09:44am EST 

Jan 18 (Reuters) - Barratt Developments Plc ::BARRATT - HAS ENTERED INTO A 50:50 JOINT VENTURE WITH SWINDON BOROUGH COUNCIL TO DEVELOP APPROXIMATELY 250 HECTARES AT WICHELSTOWE, SOUTH OF SWINDON.‍SCHEME WILL DELIVER AROUND 2,670 NEW HOMES OVER NEXT 20 YEARS​.  Full Article

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

UPDATE 1-UK homebuilder Barratt says profits up 9 pct in 2018

July 11 Britain's biggest housebuilder Barratt Developments Plc expects full-year pretax profit to have risen 9 percent, boosted by a 5 percent average rise in prices and a continuing creep higher in its number of homes sold.