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United Kingdom

Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

505.00GBp
15 Nov 2018
Change (% chg)

-40.80 (-7.48%)
Prev Close
545.80
Open
547.20
Day's High
552.40
Day's Low
497.60
Volume
7,962,335
Avg. Vol
4,690,723
52-wk High
661.74
52-wk Low
479.10

Latest Key Developments (Source: Significant Developments)

Barratt Says 99.17 Pct Votes At AGM Cast In Favour Of Re-Electing J M Allan As Director
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - Barratt Developments PLC ::BARRATT DEVELOPMENTS PLC - 98.64 PERCENT VOTES CAST AT AGM IN FAVOUR OF RESOLUTION TO APPROVE DIRECTORS' REMUNERATION REPORT FOR YEAR ENDED JUNE 30.BARRATT DEVELOPMENTS PLC - 99.17 PERCENT VOTES AT AGM CAST IN FAVOUR OF RE-ELECTING J M ALLAN AS A DIRECTOR OF COMPANY.  Full Article

UK builder Barratt's FY pre-tax profit rises 9 pct, in line with expectations
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Barratt Developments PLC ::FY PRETAX PROFIT ROSE 9.2 PERCENT TO 835.5 MILLION STG.TOTAL COMPLETIONS (UNITS)(3) 17,579.PROFIT BEFORE TAX 835.5.REVENUE 4,874.8.GROSS MARGIN (%) 20.7.. STRONG FINANCIAL AND OPERATIONAL PERFORMANCE FOR FULL YEAR.PROFIT BEFORE TAX UP BY 9.2% TO £835.5M.4.7% INCREASE IN FINAL ORDINARY DIVIDEND PER SHARE TO 17.9P.GROUP STARTS NEW FINANCIAL YEAR IN A GOOD POSITION.FORWARD SALES (INCLUDING JVS) UP 11.1%, AS AT 2 SEPTEMBER 2018 AT £3,054.0M (3 SEPTEMBER 2017 AT £2,749.9M).NET PRIVATE RESERVATIONS PER ACTIVE OUTLET PER AVERAGE WEEK FROM 1 JULY WERE IN LINE WITH PRIOR YEAR AT 0.75 (FY18: 0.74).GROUP IS WELL POSITIONED TO CONTINUE TO IMPROVE ITS PERFORMANCE IN FUTURE YEARS.GROUP STARTS NEW FINANCIAL YEAR IN A GOOD POSITION WITH A STRONG BALANCE SHEET, HEALTHY FORWARD SALES AND ROBUST CONSUMER DEMAND SUPPORTED BY A POSITIVE MORTGAGE ENVIRONMENT.".WILL CONTINUE TO MONITOR BALANCE OF SKILLS, EXPERIENCE AND KNOWLEDGE ON BOARD AND ENSURE THAT IT REMAINS APPROPRIATE.MARKET CONDITIONS REMAIN GOOD WITH A WIDE AVAILABILITY OF ATTRACTIVE MORTGAGE FINANCE,.WHILE POLITICAL UNCERTAINTY CONTINUES AROUND COUNTRY'S DEPARTURE FROM EU AND MINISTERIAL CHANGES IN MINISTRY OF HOUSING, COMMUNITIES AND LOCAL GOVERNMENT, BOARD REMAIN CONFIDENT IN STRONG FUNDAMENTALS OF HOUSING SECTOR AND OUR BUSINESS..GROUP IS WELL POSITIONED WITH A SUBSTANTIAL YEAR-END NET CASH BALANCE, HEALTHY FORWARD SALES POSITION AND AN EXPERIENCED MANAGEMENT TEAM..  Full Article

Barratt Developments Sees FY Pretax Profit Of About £835m
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Barratt Developments PLC ::HAVE SEEN BETTER THAN EXPECTED YEAR END TRADING IN CENTRAL LONDON.SALES RATE FOR FY18 WAS 0.72 (2017: 0.72) NET PRIVATE RESERVATIONS PER ACTIVE OUTLET PER WEEK IN FULL YEAR AND 0.77 (2017: 0.76).BARRATT - "MARKET CONDITIONS REMAIN SUPPORTIVE, WITH ATTRACTIVE MORTGAGE FINANCING AVAILABLE AND STRONG CONSUMER DEMAND FOR OUR HOMES ACROSS COUNTRY".SAYS 17,579 TOTAL COMPLETIONS IN FY (INCLUDING JVS) (2017: 17,395).FY PROFIT BEFORE TAX EXPECTED TO BE AROUND £835M (2017: £765.1M).TOTAL ASP ON COMPLETIONS IN YEAR INCREASED BY ABOUT. 5.0% TO C. £289K (2017: £275.2K).TOTAL FORWARD SALES AS AT 30 JUNE 2018 AT A VALUE OF £2,175.7M (30 JUNE 2017: £2,144.4M).  Full Article

Barratt Developments says FY Outlook In Line With Board's Expectations
Thursday, 10 May 2018 

May 10 (Reuters) - Barratt Developments PLC ::BARRATT DEVELOPMENTS PLC - TRADING IS STRONG AND OUTLOOK FOR FULL YEAR REMAINS IN LINE WITH BOARD'S EXPECTATIONS.BARRATT DEVELOPMENTS PLC - FOR PERIOD FROM 1 JANUARY TO 6 MAY 2018 SALES RATE IN LINE WITH PRIOR YEAR AT 0.80.BARRATT DEVELOPMENTS PLC - TOTAL FORWARD SALES (INCLUDING JVS) AT RECORD LEVELS, UP 2.5% AS AT 6 MAY 2018, TO £3,286.7M.BARRATT DEVELOPMENTS PLC - EXPECT TO APPROVE PURCHASE OF MORE THAN 20,000 (FY17: 18,497) PLOTS FOR FULL YEAR TO HELP SUPPORT FUTURE VOLUME GROWTH.BARRATT DEVELOPMENTS PLC - NET PRIVATE RESERVATIONS PER AVERAGE WEEK WERE 302 (2017: 299) FOR PERIOD FROM 1 JANUARY TO 6 MAY 2018.  Full Article

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Brexit-sensitive stocks battered on deal backlash, exporters gain

LONDON British stocks slid on Thursday with RBS and housebuilders sharply down after Brexit minister Dominic Raab quit in a blow to Prime Minister Theresa May's efforts to win backing for her draft deal to exit the EU.