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The Latest Breaking News from Barratt

Barratt’s £2.5bn takeover of Redrow makes sense … for Barratt

CMA should have a good poke around the rafters of a deal whose promises on housing supply are ‘gloriously loose’

The Guardian - UK

UK’s biggest housebuilder Barratt to buy rival Redrow for £2.5bn

Companies reach agreement over all-share offer to create combined group with turnover topping £7bn

The Guardian - UK

Housebuilder giant Barratt Developments in surprise £2.5 billion offer for Redrow

Britain’s largest housebuilder Barratt Developments has revealed a surprise all-share merger deal for smaller rival Redrow, in a move that values the latter at £2.5 billion.

Evening Standard

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FTSE 100 Live 7 February: S&P closes near 5000, London shares close lower as Barratt tumbles after mega-merger

AstraZeneca, Unilever and British American Tobacco are part of a heavyweight line up of FTSE 100 companies in the results spotlight today.

Evening Standard

How big UK housebuilders have remained profitable without meeting housing supply targets

We must “bulldoze through” the planning system to “get Britain building again”. So said Sir Keir Starmer at the Labour party’s last annual conference. He argued it’s time to “fight the blockers” and build the 1.5 million homes that he thinks Britain needs.

The Conversation

Barratt warns of ‘uncertain’ year as buyers struggle with mortgages

UK housebuilder’s sales also dented by absence of government’s help-to-buy scheme

The Guardian - UK

Barratt warns of 'uncertain' outlook as challenging mortgage market persists

“The trading environment remains difficult, with potential homebuyers still facing mortgage challenges,” its CEO said

Evening Standard

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Housing industry faces difficult months ahead amid weak demand, says Barratt

Housebuilder reports £705m profits but ‘mortgage affordability challenges’ affect purchases

The Guardian - UK

Barratt sees homes order book value falls as conditions set to remain tough

The chief executive of Barratt Developments, Britain’s largest housebuilder, has called the UK planning system “ineffective” alongside revealing the value of the firm’s forward order book has dropped by over a third.

Evening Standard

House prices drop for Barratt Developments as rate hikes cause exodus of first time buyers

Average selling prices down 9% to £342, 900 and reservations from new mortgage holders down almost half

Evening Standard

Profits at UK homebuilder Barratt drop as buyer demand slumps

Soaring interest rates and end of help-to-buy scheme blamed for driving away first-time buyers

The Guardian - UK

The new Beeston housing estate where 'there are many reasons' to live

According to residents the area has a ‘friendly’ community where everyone knows each other.

Nottingham Post

Barratt Group signs deal with Pod Point to put EV chargers into its new homes

Previous deals between the two firms have seen EV chargers put into more than 3,000 Barratt properties

Birmingham Post

'Insulting': Anger at 'pathetic' Gaelic mistakes in Highland street signs

LOCALS have raised concerns about the “frankly insulting” street signs which have been put up in a new Scottish housing development ...

The National (Scotland)

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The Guardian - UK

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

Birmingham Post

John Allan to stand down as Barratt chairman early

Barratt wants to 'prevent the ongoing impact of the allegations against John from becoming disruptive to the company'

The Guardian - UK

John Allan to step down as Barratt chair amid ‘disruptive’ allegations

Former CBI president and outgoing Tesco chair denies all but one of the claims as housebuilder says it has received no complaints

Evening Standard

Cladding crisis: south London flats could be demolished and rebuilt after serious safety flaws revealed

When the Croydon block’s cladding was removed, it became clear that the concrete frame was failing and the building was at risk of collapse

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Birmingham Post

Barratt boss says upturn in homes market could be round the corner

Number of homes being reserved by buyers continues to bounce back after struggling at the end of 2022

Evening Standard

Barratt points to signs of recovery in UK housing market, with profits on track to hit forecasts

Barratt Developments has said sales have picked up and it will meet City profit expectations, with the UK’s largest housebuilder adding to signs of a recovery in the residential market.

Daily Record

Paisley protesters eye up court battle as more than 600 homes planned for Dykebar

Bellway Homes, Cala Homes and Barratt Homes were formally granted permission for their proposed Thornly Park village by the Scottish Government Reporter.

Evening Standard

TfL picks Barratt as partner on large new housing development in Acton

Barratt London will work with TfL to bring forward a site by Bollo Lane in Acton where up to 900 new homes are planned

Daily Record

Two luxury homes earmarked for demolition and rebuild over 'failed foundations'

Housebuilders said work necessary due to the “rare circumstances of failed foundations” adding that they are working with the homeowners concerned.

Birmingham Post

Barratt creating 170 East Midlands jobs at new £45m timber frame factory

Last year Barratt built more than 3,700 of its 18,000 homes using timber frames

Birmingham Post

Persimmon forecasts big drop in housebuilding in 'uncertain' market

The York-based firm has reported revenues of £3.8bn in 2022

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