Barratt rises on record completions
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Investors toasted house builder Barratt Developments (LON:BDEV), sending its shares 13.6p higher to 496.6p (as at 13:50 BST) after it said it expected pre-tax profits to come in at a record £835 million. This represents a significant uplift from £765.1 million in 2017, after the firm reached its highest level of completions for a decade.
“Market conditions remain supportive, with attractive mortgage financing available and strong consumer demand for our homes across the country,” commented the firm.
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