Barratt rises on record completions

By
0 mins. to read
Barratt rises on record completions
Master Investor Magazine 40 cover

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.