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The Latest Breaking News from Barratt Developments

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.

Evening Standard

UK housebuilders save billions as government delays low-carbon rules

Housebuilders have little incentive to take steps by themselves. It’s no surprise they are so keen to wade into the political arena as major donors

The Guardian - UK

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FTSE 100 Live: Darktrace cuts earnings outlook, Barratt Developments results, oil near $90, shares fall

The UK’s average house price fell by 1.9% in August, the largest monthly fall recorded by lender Halifax since November.

Evening Standard

Barratt sees homes order book value falls as conditions set to remain tough

The chief executive of Barratt Developments, Britain’s largest housebuilder, has called the UK planning system “ineffective” alongside revealing the value of the firm’s forward order book has dropped by over a third.

Evening Standard

House prices drop for Barratt Developments as rate hikes cause exodus of first time buyers

Average selling prices down 9% to £342, 900 and reservations from new mortgage holders down almost half

Evening Standard

FTSE 100 Live: UK GDP down by 0.1% as sterling tops $1.30, shares climb

Burberry has revealed a strong start to its financial year as the luxury goods group sees a surge in demand from Chinese consumers.

Evening Standard

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Brick by brick: the British manufacturers building a better future for birds

It takes just under a minute to make a single swift brick that could house generations of migratory birds. So why isn’t it compulsory to install them in the UK?

The Guardian - UK

Barratt Group signs deal with Pod Point to put EV chargers into its new homes

Previous deals between the two firms have seen EV chargers put into more than 3,000 Barratt properties

Birmingham Post

North East business life: charity, community and award events

Companies featuring in this week's round up include Barratt Developments North East, Banks Group, Osbit, Pattinson Estate Agency and Darlington Building Society

Birmingham Post

John Allan to step down as Barratt chair amid ‘disruptive’ allegations

Former CBI president and outgoing Tesco chair denies all but one of the claims as housebuilder says it has received no complaints

The Guardian - UK

Barratt points to signs of recovery in UK housing market, with profits on track to hit forecasts

Barratt Developments has said sales have picked up and it will meet City profit expectations, with the UK’s largest housebuilder adding to signs of a recovery in the residential market.

Evening Standard

More than half of Scots sitting in cold and dark homes to keep energy bills down this year

A new report highlights the impact of the cost of living crisis on households across Scotland.

Daily Record

UK house sales outlook for 2023 remains ‘uncertain’, says Barratt

Housebuilder reports ‘modest uplift’ in reservations of new homes in January but remains cautious

The Guardian - UK

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The Guardian - UK

FTSE 100 index hits record high; CMA deals blow to Microsoft’s Activision takeover – business live

Blue-chip share index climbs on hopes that inflation has peaked, while Turkey’s stock market halts trading after main index drops 7%

Evening Standard

Barratt hit by fall in orders as sharp slowdown stalls building market

The UK’s largest housebuilder said it was pausing recruitment of new employees and introducing further controls for new site openings to manage working capital

Birmingham Post

'Pleasing level of profit' for land promoter Gladman ahead of £250m takeover by Barratt Developments

The directors said the results are 'solid in light of challenging market conditions'

Insider UK

Barratt Developments outlines growth plans for Oregon site

Around £6m of investment should create 40 new jobs for at the timber frame firm

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The Guardian - UK

Barratt reports slump in new home orders as mortgage rates rise

Shares slide after developer warns of ‘less certain’ outlook as housing market hit by jump in borrowing costs

Liverpool Echo

Town split over potential new homes on disused land

Knowsley Council answered some common concerns over the land

Evening Standard

Barratt Developments forecasts £1.1 billion profit as outer London home sales lift average house prices

FTSE 100 house builder says cladding-related safety repair costs reach £412 million

Birmingham Post

People on the move: key North East appointments and promotions

Firms making appointments this week include Harlyn Solutions, Black and White Engineering and Barratt Developments

Birmingham Post

Barratt Homes set to support almost 500 jobs on latest site

Barratt chief executive recently said they were putting up new homes as quickly as they could

Insider UK

Barratt set to open 14 new sites in Scotland this year

New developments include St Andrews, Dundee and South Lanarkshire

Evening Standard

Tesco chairman John Allan backs windfall tax on energy giants to tackle cost of living crisis

John Allan, chairman of Tesco and Barratt Developments, said the case for a one-off tax on energy company profits was now “overwhelming.”

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