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Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

510.00GBp
17 Oct 2018
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4,588,534
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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-Berkeley says UK housing market sluggish on Brexit run-in

Sept 5 Berkeley Group Holdings said on Wednesday Britain's housing market lacked urgency and was constrained by high transaction costs, limits on mortgage borrowing and uncertainty over next year's planned exit from the European Union.