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The Latest Breaking News from Barratt

Lay of the land and hope for the future as I bid farewell to Scottish rugby

Just a few random thoughts this week, and if regular readers detect an elegiac note in my scribblings today then that’s perceptive of you.

The National (Scotland)

London's newest property development hotspot revealed as hopes grow about £2bn station

HS2 boss says Old Oak Common in west London is a target area for developers

Evening Standard

Hundreds of jobs under threat as Barratt Redrow kick-starts cost-cutting

The newly-merged housebuilder has launched a consultation on the proposed closure of five of nine divisional offices it has earmarked to be shut.

Evening Standard

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Barratt’s £2.5bn takeover of Redrow given go-ahead by UK regulator

CMA accepts undertakings by both housebuilders to address concerns over a potential local competition issue

The Guardian - UK

Barratt moves into £150 million joint venture with Lloyds Bank and Homes England

MADE Partnership to target brownfield building sites and ‘garden villages’

Evening Standard

UK government links with Barratt and Lloyds for £150m housebuilding project

Homes England joint venture will help towards aim to build 1.5m new homes over next five years

The Guardian - UK

Barratt profits plunge 75% as number of houses built slumps

Cost of living crisis, higher mortgage rates and weak consumer confidence weigh on housing market in past year

The Guardian - UK

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Barratt pushes ahead with takeover of Redrow despite watchdog’s concerns

UK’s largest housebuilder will waive conditions put on £2.5bn deal, set to be completed this week, from CMA

The Guardian - UK

Bellway walks away from £720m Crest Nicholson takeover bid

UK housebuilder said it did not intend to make a firm offer for its smaller rival after months of negotiations

The Guardian - UK

Housebuilder says UK consumer confidence has returned amid cheaper mortgage rates

Bellway also cites easing of inflation as factor in company exceeding construction target for past year

The Guardian - UK

‘I feel sick’: couple say new-build home turned into disaster valued at £1

A couple’s Barratt house that surveyors say should be worth £350,000 has been left almost worthless due to defects

The Guardian - UK

Barratt to build fewer houses this year despite Labour pledge to fix shortage

Housebuilder cites economic and political uncertainty as expected number of completed homes drops by up to 7%

The Guardian - UK

Affordable homes built in London 'with no one to take them' as housing associations battle soaring costs

System used by private developers is ‘creaking at the seams’

Evening Standard

UK’s competition watchdog looks into Barratt’s £2.5bn Redrow takeover

CMA gathering information ahead of investigation to assess impact merger would have on competition

The Guardian - UK

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Evening Standard

Competition watchdog investigates £2.5 billion housebuilder merger

The CMA has opened an invitation to comment until 2 April

The Guardian - UK

McDonald’s says it’s trying to solve tech issues affecting some restaurants worldwide – as it happened

Global chain apologises to customers over IT problems which left customers unable to order food in countries including Australia, China, UK and Japan and led to temporary store closures

The Guardian - UK

Housebuilder shares fall as competition watchdog opens investigation; UK retail sales slump eases – as it happened

The CMA has opened an investigation into eight housebuilders following evidence they may be sharing commercially sensitive information.

International Business Times UK

Barratt to Acquire Redrow in Landmark £2.5 Billion Deal

Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion.

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The Guardian - UK

Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt

CMA should have a good poke around the rafters of a deal whose promises on housing supply are ‘gloriously loose’

The Guardian - UK

UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn

Companies reach agreement over all-share offer to create combined group with turnover topping £7bn

Evening Standard

Housebuilder giant Barratt Developments in surprise £2.5 billion offer for Redrow

Britain’s largest housebuilder Barratt Developments has revealed a surprise all-share merger deal for smaller rival Redrow, in a move that values the latter at £2.5 billion.

Evening Standard

FTSE 100 Live 7 February: S&P closes near 5000, London shares close lower as Barratt tumbles after mega-merger

AstraZeneca, Unilever and British American Tobacco are part of a heavyweight line up of FTSE 100 companies in the results spotlight today.

The Conversation

How big UK housebuilders have remained profitable without meeting housing supply targets

We must “bulldoze through” the planning system to “get Britain building again”. So said Sir Keir Starmer at the Labour party’s last annual conference. He argued it’s time to “fight the blockers” and build the 1.5 million homes that he thinks Britain needs.

The Guardian - UK

Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme

Evening Standard

Barratt warns of 'uncertain' outlook as challenging mortgage market persists

“The trading environment remains difficult, with potential homebuyers still facing mortgage challenges,” its CEO said

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