May 10, 2018 / 6:23 AM / 4 months ago

UK builder Barratt reaffirms FY forecast on robust demand

May 10 (Reuters) - Britain’s biggest housebuilder Barratt Developments on Thursday said it expected full-year results in line with expectations and reported strong trading in the first four months of the year on “robust” customer demand.

The firm said total forward sales had risen 2.5 percent to 3.29 billion pounds ($4.46 billion) by May 6, equating to 833 more plots than the year-ago period.

Barratt said in its trading update for the period from Jan. 1 to May 6 that it expected to approve the purchase of more than 20,000 plots for the full year to help support future volume growth. ($1 = 0.7371 pounds) (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Gopakumar Warrier)

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