Barratt boosts building after strong demand

Barratt completed 17,243 homes in the year ending June 30th 2021, 36.8% ahead of last year and 3.4% below the 2019 level of 17,856. Announcing its annual results on Thursday 2nd September, Barratt said revenue reached £4,811.7 million in the year, 40.7% ahead of last year and pre-tax profit was £812.2 million, up 65.1%. Gross

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Barratt’s completion expectations rise

Since the start of the year Barratt has “performed well” with the business expecting to increase wholly owned completions to between 16,000 and 16,250 homes for its full year, a rise from recent expectations. During the period from January 1 to May 2 2021, the volume housebuilder delivered 4,481 total completions against the 3,504 of

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Excellent first half delivered by Barratt

Barratt Developments has delivered an “excellent” first half performance, it reported this month, with completions, revenue and profit up on HY 2019. The volume housebuilder’s total completions rose 9.2% to 9,077 homes during the six months to December 31 2020 against the equivalent period the previous year. Its revenue increased 10.1% to £2,494.7 million, with

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Barratt’s sales rebound despite Covid

The coronavirus pandemic has “significantly reduced” Barratt’s completions, increased costs and impacted its profit, it reported on September 2nd, but despite this the business has seen strong sales in recent weeks. During its financial year ending June 30 2020, the housebuilder’s total completions fell 29.4% to 12,604 against FY 2019. The average selling price of its

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Record number of completions for Barratt

Barratt has delivered its highest number of completions for 11 years in the 12 months to the end of June with profit before tax expected to be ahead of expectation at around £910 million against £835.5 million last year. Today issuing a trading update for the year, Barratt said it had completed 17,856 homes including

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Barratt and Crest report mixed market conditions

Barratt Developments and Crest Nicholson have issued updates to the market. Barratt reported a strong start to the financial year but Crest has issued a profit warning, announcing a new strategy to combat difficulties it is experiencing in the market. Reporting on the period from July 1 to October 14 2018, Barratt said that the

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Progress for Barratt and Berkeley

Barratt Developments and Berkeley Group have reported to the city this month with Barratt saying “another outstanding year” and Berkeley continuing to progress in the challenging London and south east market. During its year ending June 30 2018, Barratt achieved its highest number of completions for a decade at 17,579 completions in total with private

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Profit boost at Barratt

Barratt has achieved the highest level of completions in a decade – competing on 17,579 homes in the year ending June 30 2018, 184 up on last year’s figure. The firm said in a trading update dated 11th July that it expects profit before tax to be around £835 million, a rise of over £69

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Highest completions in nine years for Barratt

Last week Barratt Developments reported it expected to achieve its highest level of completions in nine years. Giving an update covering the period from January 1 to May 7 2017, the volume housebuilder’s total completions – including joint ventures – are set to be around 17,350 for the year ending June 30 2017. Its full

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Interest rate cut welcomed but Housebuilders

The housebuilding industry has welcomed the Bank of England’s decision to cut UK interest rates from 0.5% to 0.25%, stating that the move would aid both housebuilders and home owners. Peter Andrew, deputy chairman of the Home Builders Federation, said: “Demand for new build homes remains strong and sales rates have been solid since the

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