Barratt Developments PLC

Barratt Developments Plc engages in the development of residential and non-residential properties mainly in the United Kingdom. It offers services in land, design, construction, and sales and marketing. The company was founded by Lawrence Arthur Barratt in 1958 and is headquartered in Coalville, the United Kingdom.

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Housebuilders climbed on Friday after JPMorgan analysts said the sector could be set for a recovery, prompting a flurry of upgrades.  Taylor Wimpey PLC (LSE:TW.

Housebuilders climb as JPMorgan eyes sector recovery

The UK competition watchdog has opened an investigation into the high-value merger between British housebuilders Barratt Developments PLC (LSE:BDEV) and Redrow PLC (LSE:RDW). Barratt struck a deal in February to buy Redrow for £2.5 billion.

UK watchdog investigating Barratt-Redrow merger

British competition regulator is looking into homebuilder Barratt's 2.52 billion pound ($3.21 billion) all-stock deal to buy smaller rival Redrow , it said on Friday.

UK competition watchdog looks into Barratt's $3 bln purchase of Redrow

As part of the merger announced by Barratt Developments PLC (LSE:BDEV) and Redrow PLC (LSE:RDW) today, the pair described the deal as a “uniquely compelling” opportunity to “create an exceptional UK homebuilder” – though some suggested it looked like two worse-for-wear individuals hugging each other for support. The reality is somewhere in between the utopian and cynical extremes, though the merger does have a defensive feel to it.

Barratt Redrow merger is a defensive move as housing sector sits at pivotal point

Shares in Barratt Developments reversed sharply on Wednesday as the FTSE 100 housebuilder announced a monster tie-up with industry peer Redrow.

Barratt Shares Slip 7% As Redrow Merger Announced

Redrow PLC (LSE:RDW) shares surged 12% following the announcement of its £2.5 billion all-share acquisition by Barratt Developments PLC (LSE:BDEV), with the latter saying it brought together two "highly complementary companies". The deal offers Redrow investors a 27.2% premium on their shares, granting them 1.44 new Barratt shares for each Redrow share, resulting in a near one-third ownership of the newly formed Barratt Redrow.

Redrow shares surge 12% on £2.5bn, all-paper Barratt bid

Barratt Developments has agreed to buy smaller housebuilder Redrow for £2.5 billion in an all-share deal.

Barratt Announces Redrow Buyout

Barratt Developments BDEV, +1.77% has agreed to buy smaller housebuilder Redrow RDW, +1.35% for 2.52 billion pounds ($3.17 billion) in an all-share deal.

U.K. housebuilder Barratt Developments agrees to buy peer Redrow for $3.2 billion.

Barratt Developments PLC (LSE:BDEV) on Wednesday agreed a £2.52 billion takeover of fellow housebuilder Redrow PLC (LSE:RDW).  The all-share deal will see Redrow shareholders receive 1.44 Barratt shares for every one held in Redrow.

Barratt strikes deal to buy fellow housebuilder Redrow for £2.5bn

Britain's biggest homebuilder Barratt has agreed to buy Redrow in an all-share deal valuing the smaller rival at about 2.52 billion pounds ($3.18 billion) in a bid to boost volumes and delivery of homes, the companies said on Wednesday.

UK homebuilder Barratt to buy Redrow in 2.52 bln pound deal

A 40% uptick in the share prices of Barratt and Bellway since October suggests the market reckons the worst of the storm has passed for the housebuilding sector. Updates next week from the pair should give a clearer indication if that is the case.

Bellway and Barratt to confirm if housebuilding storm has passed

Barratt Developments PLC (LSE:BDEV) said it continued to trade in line with expectations despite a difficult trading environment. David Thomas, chief executive said: “We have continued to trade in line with the expectations set out in our announcement in September.

Barratt Developments trading in line in difficult environment

The housing market and specifically housebuilders Bellway PLC (LSE:BWY) and Barratt Developments PLC (LSE:BDEV) will be under the microscope again, with share prices having an up and down year as higher mortgages bit hard and house prices have felt the heat. Bellway is scheduled to publish final results on Tuesday and Barratt a first-quarter update alongside its annual shareholder meeting on Wednesday.

Bellway and Barratt kick off housebuilders reporting season as mortgage squeeze remains in focus

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Gloomy sector news sent housebuilding shares plunging today, led by a 7% tumble for Barratt Developments PLC (LSE:BDEV), but trends are likely to improve through the autumn, says Barclays. House sellers are increasingly cutting prices to secure deals even as the normally busy autumn selling season gets under way, data from Zoopla showed.

Barratt and other housebuilder shares tumble but Barclays analysts see reasons for optimism

Barratt Developments PLC (LON: BDEV) says higher mortgage rates and the ongoing cost-of-living crisis will continue to weigh on demand in the coming months. U.K. house prices recently saw worst decline in 14 years The residential property developer expects its margins to remain under pressure as the housing market continues to struggle.

Barratt reports a 16% hit to annual profit: ‘cracks are starting to appear'

Shares of U.K. housebuilders led the London market lower Wednesday, after the sector's biggest company by market cap reported a slide in home sales as surging mortgage costs deter buyers.

U.K. housebuilder shares under pressure after Barratt warns of sliding sales

Barratt Developments PLC (LSE:BDEV) said it was braced for a tough year as it added 'mortgage availability challenges' to a growing list of challenges moving into the new financial year. The builder provided the commentary alongside annual results which revealed the widely expected decline in adjusted profits, which fell 16% to £884.3 million for the 12 months ended June 30.

Barratt adds mortgage availability issues to its list of challenges

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Day Ahead: Barratt to update on housing, Halfords on bike demand

Barratt Developments PLC (LSE:BDEV) will be the latest housebuilder to update as tough trading continues to hit the sector, with the company set to grace investors with full-year results next week. Forward sales guidance, average selling prices and completions will all be points of focus in the September sixth results, according to Hargreaves Lansdown analyst Susannah Streeter.

Barratt sales guidance in focus as builder braced for tough year ahead

Shares in housebuilders are firmly on the front foot after the government announced it was scrapping UK environmental rules that developers say have prevented tens of thousands of homes from being built in recent years. Persimmon PLC (LSE:PSN) rose 3.4%, Barratt Developments PLC climbed 2.7%, Taylor Wimpey PLC advanced 2.5% and Vistry Group PLC gained 4.5%.

Persimmon, Barratt, Vistry up as environmental rules scrapped

UK's largest housebuilders are facing a competition probe into how much land they control, maintenance charges on housing estates, a lack of competition and barriers to entry.  Competition regulator, the CMA, said the investigation follows a six-month study into the pace of building new homes in Britain.

Persimmon, Taylor Wimpey, Barratt face landbank probe

Subsiding asking prices for homes in the UK hit housebuilders early on Monday, with Taylor Wimpey PLC (LSE:TW.), Persimmon PLC (LSE:PSN) and Barratt Developments PLC (LSE:BDEV) leading the FTSE 100's fallers.

Taylor Wimpey, Persimmon, Barratt tumble as falling asking prices weigh in

Housebuilding and real estate shares topped the FTSE 100 and FTSE 250 leaderboards on Wednesday after UK inflation eased.

Housebuilders and property developers rally hard as interest rate outlook reviewed

Housebuilder Barratt Developments PLC (LSE:BDEV) faced up to the stark reality of falling demand in last week's full-year results, prompting skewed reviews from analysts. Citigroup analysts seemed content on Barratt's bid to increase offerings for the private rental sector, suggesting the move could shield the FTSE 100-listed builder from falling prices in the wider market.

News for Barratt Developments PLC Stock (BTDPY)