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The Latest Breaking News from Barratt

Bosses at housebuilders Barratt Redrow and Vistry set to retire

Leicestershire-based Barratt Redrow said on Wednesday that David Thomas is set to step down as chief executive of the company after 11 years.

Evening Standard

FTSE 100 Live 11 February: AI fears hit wealth firms, Barratt Redrow results setback

Barratt Redrow shares today fell in the FTSE 100 index after the housebuilder trimmed its dividend alongside weaker half-year results.

Evening Standard

Barratt Redrow sells more homes despite ‘challenging’ market

The UK’s biggest housebuilder called on the Government to support first-time buyers as it updated investors on its recent trading.

Evening Standard

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Barratt Redrow warns of budget uncertainty affecting property market

UK housebuilder reports 33% rise in revenue and 26% increase in profits but says possible tax and duty rises risk unsettling buyers

The Guardian - UK

Barratt cautions over ‘limited growth’ as tax hike fears weigh on buyer demand

The housebuilding giant said the upcoming Budget on November 26 has added ‘additional risk’ to the outlook.

Evening Standard

Scottish firm named among the world's '500 most sustainable' companies

A Scottish firm has been named among the world's most sustainable companies by TIME magazine.

The National (Scotland)

New homes discounts and incentives: the best and worst in London

From paid stamp duty to fancy furnishings, desperate developers are offering all sorts of buyer incentives, but not all are created equal so do your homework!

Evening Standard

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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

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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The Guardian - UK

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

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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%

Evening Standard

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’

The Guardian - UK

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

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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