Barratt Developments PLC

Barratt Redrow 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.

UK housebuilders have seen a significant decline in share prices, down about 20% since the October Budget, and analysts at RBC Capital Markets believe the sector has been oversold and presents opportunities, with many stocks now trading below tangible net book value. Shares in housebuilders were mostly trading lower on Monday amid reignited worries about cladgging taxes.

Housebuilders Barratt, Bellway and TW highlighted as shares below book value - analyst

Barratt Redrow PLC (LSE:BTRW) has received a show of support from JP Morgan, which attributes its sector bottom performance this year to investors waiting on the sidelines for the closing of the Redrow acquisition. Now complete, Barratt's cost-saving potential (at least £90 million) as well as revenue synergies (not quantified) should come to the fore suggests the US bank.

Barratt Redrow gets upgrade from top US bank after merger completion

The market “should be encouraged” Barratt Redrow PLC (LSE:BTRW)'s improved sales rate in the combined group's inaugural trading statement since completion of the £2.5 billion merger. Barratt Redrow detailed a 33% year-on-year improvement in the sales rate between  1 July and 13 October and confirmed a £90 million cost-saving spree (which is likely to come with job losses given nine offices are set to close).

Barratt Redrow's improving sales rate should encourage market - analysts

Barratt Redrow PLC (LSE:BTRW), the newly formed housebuilding giant, has announced the closure of nine divisional offices as part of plans to save £90 million in costs. Barratt, in a trading update, said the “optimisation of our divisional office structure” will contribute over a third of this cost-saving target.

Barratt Redrow to shutter nine offices under £90mln cost-saving spree

Barratt Developments PLC (LSE:BDEV)'s £2.5 billion takeover of Redrow PLC (LSE:RDW) has been given the final go ahead by regulators in the UK. Britain's Competition and Markets Authority (CMA) confirmed on Friday that a phase two investigation of the merger would not be launched and the deal could finally go ahead.

Barratt, Redrow £2.5bn tie-up gets final green light

Britain's competition regulator said on Friday it has cleared Barratt's 2.52 billion pound ($3.32 billion) all-stock acquisition of smaller rival Redrow, after accepting the undertakings offered by the two homebuilders.

UK's competition regulator clears $3.32 bln Barratt-Redrow deal

Barratt Developments PLC (LSE:BDEV) is on course to regrow margins and volumes over the coming years, which UBS analysts expect will prompt a “material” jump in profits by 2030. Margins should reach 18% by 2030 as volumes climb to 94% of 2022 levels, when interest rates began surging in a blow to the housing sector, according to UBS.

Barratt Developments set for ‘material' profit growth - UBS

Lloyds Banking Group

Barratt Developments PLC (LSE:BDEV) has joined forces with Lloyds Banking Group PLC (LSE:LLOY) and Homes England to create the MADE Partnership, which will focus on developing large sites “to help deliver thousands of much needed new homes across the country”. According to the press statement, MADE will act as master developer for multiple large scale, residential-led developments from 1,000 to more than 10,000 homes along with a variety of community facilities and employment uses.

Barratt, Lloyds and Homes England join forces on major housebuilding joint venture

Redrow PLC (LSE:RDW) will offer up full-year results next Wednesday, September 11 in what will likely be its final update as an independent company. This is as the conclusion of a takeover by Barratt Developments PLC (LSE:BDEV) draws ever closer, with Redrow having been delisted from the London Stock Exchange in August.

Redrow results last hurrah as end in sight on Barratt takeover

Shares in Barratt Developments dipped during Tuesday's risk-off session as it announced a sharp profits drop for the last financial year.

Barratt's Share Price Dips As Builder Announces Sharp FY Profits Fall

Barratt Developments PLC (LSE:BDEV) is paying less than half of last year's dividend this year to reflect a squeeze on earnings amid a strained housebuilding environment. Full-year shareholder returns for the year ending 30 June totalled 16.2p per share compared to 33.7p per share previously.

Housebuilder Barratt slashes dividend by half to reflect lower earnings

British housebuilder Barratt said housing demand continues to be sensitive to mortgage affordability after it posted a 56% slump in its annual profit on Wednesday, as high interest rates and sticky inflation dampened buyers' sentiment.

UK homebuilder Barratt's annual profit slumps 56%

Barratt Develoments plc's full-year results come amid a renewed sense of optimism in the housebuilding sector and an inflection point for Barratt particularly. Following Labour's landslide election victory in July on a pro-build policy platform, the market started to reprice housebuilding shares higher to account for the 1.5 million-new-homes-in-five-years target set out by Labour leader Keir Starmer.

Barratt results come amid housebuilding optimism, but headwinds persist

Barratt Developments PLC (LSE:BDEV) has been given approval by the Competition and Markets Authority to complete its takeover of Redrow PLC (LSE:RDW). The CMA said today it considers there are reasonable grounds to believe that the undertakings offered by Barratt in response to its modest initial competition concerns "might be accepted" as a remedy, which will mean it will not need to refer the deal to a deeper 'Phase 2' investigation.

Barratt-Redrow merger to complete today after CMA green light

Housebuilder Barratt Developments PLC (LSE:BDEV) is expected to finalise its acquisition of competitor Redrow PLC (LSE:RDW) “later this week”, the two companies announced in a joint statement. The £2.5 billion all-share deal announced in February had come under the gaze of the Competition and Market Authority, which launched a Phase 1 investigation in March.

Barratt-Redrow merger expected to happen within the week

British homebuilder Barratt said on Monday that it had waived the competition regulator's concern for its 2.52 billion pounds ($3.27 billion) deal to buy Redrow.

UK's Barratt says regulator's concern waived for Redrow acquisition

Barratt Developments PLC's (LSE:BDEV) agreed £2.5 billion acquisition of Redrow PLC (LSE:RDW) has raised competition concerns for the UK antitrust watchdog, though just in one local area.  The concerns for the Competition and Markets Authority (CMA) are around four Barratt developments in Whitchurch, Shropshire, between Wrexham and Stoke-on-Trent.

Barratt and Redrow deal found to have competition concerns in only one out of 400 sites

The deadline for the Competition and Markets Authority (CMA)'s phase-1 investigation into the proposed £2.5 billion merger between housebuilders Barratt Developments PLC (LSE:BDEV) and Redrow PLC (LSE:RDW) closes this Thursday. The proposed merger was first announced in February before the CMA opened an investigation into the deal in March, followed by an official competition inquiry in June.

Deadlines approach for Barratt-Redrow, Bellway-Crest Nicholson mergers

Housebuilder Barratt Developments PLC (LSE:BDEV) and other rivals in the sector are expected to face downward pressure to their share prices as several headwinds pose a threat over the coming years. Analysts at Deutsche Bank lowered the FTSE 100 firm's pre-tax profit forecasts for the 2025/26 financial year by between 9% and 10%.

Barratt to see weaker profits as headwinds persist, says analyst

Large-cap housebuilder Barratt Developments PLC (LSE:BDEV) is targeting total home completions of between 13,000 and 13,500 in the new financial year. That is 1,000 homes short of the 14,000 homes completed in the financial year that just ended.

Barratt Developments to deliver fewer homes in year ahead

Britain's Barratt Developments expects its homebuilding targets for fiscal 2025 to drop by up to 7% as elevated mortgage rates and broader economic concerns hold back a housing market recovery.

UK's Barratt flags up to 7% drop in 2025 homebuilding targets amid tough market

Barratt Developments PLC (LSE:BDEV) should have been cheered by the new government's 21st-century Keynsian commitment to build houses everywhere, but the short-term picture might be not so encouraging. Sophie Lund-Yates, at Hargreaves Lansdown, notes “Barratt Developments had a lacklustre set of results at the half-year mark.

Barratt needs new government boost after housing market stalls

Housebuilders were among the risers when the election result was announced and. on cue, Barralt Developments and Vistry deliver trading updates next week, which, one suspects, will contain a lot of support for Keir Starmer's plans for 1.5 million more houses.

Sewage, Barratt and Wetherspoons to dominate post-election week

Persimmon PLC

The Labour Party's landslide victory in the U.K.'s general election pushed up shares in Britain's top housebuilders on Friday morning as investors were optimistic that Keir Starmer's new government will push forward with plans to build 1.5 million new homes over the next five years.

Labour's landslide victory sees U.K. housebuilder stocks surge

Barratt Developments. proposed £2.5 billion merger with rival housebuilder Redrow is facing an official competition inquiry after the regulator the CMA widened its initial probe.

News for Barratt Developments PLC Stock (BTDPY)