Barratt Redrow merger given greenlight by competition watchdog Property The competition watchdog has given its final clearance for the merger of housebuilders Barratt and Redrow. The Competition and Markets Authority (CMA) launched an investigation into the proposed £2.5bn deal in June after it was first announced in February. The deal was completed in August without regulatory approval after the CMA suggested there were reasonable grounds to believe [...]
Henry Boot: Property developer takes key step toward 3,000-plot goal with major Coventry land sale Property Property developer Henry Boot has taken a significant step toward its goal of selling 3,000 plots this year, after completing a sale of nearly 500 plots to a national house builder. The London-listed firm, which is headquartered in Sheffield, confirmed its land promoter Hallam had sold 491 residential plots at Pickford Gate, Coventry, to the [...]
Barratt Developments to partner with Lloyds and Homes England on housing project Property Barratt Developments has announced a joint venture with Homes England and Lloyds Bank to build thousands of new homes across the country. The partnership will bring together Barratt, one of the UK’s leading housebuilders, Homes England, the government body responsible for housebuilding and regeneration in England, and Lloyds Banking Group, one of the largest funders [...]
Barratt: Profit halves at housebuilder but firm optimistic after Redrow deal September 4, 2024 Housebuilder Barratt reported a halving in profit and drop in completions amid a challenging housing market, but has said it is optimistic about the future. Barratt said its total home completions in the year ended 30 June reached 14,004, down 18.6 per cent from 17,206 in 2023 but at the upper end of the company’s [...]
Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Green light finally expected for £2.5bn Barratt and Redrow mega-merger August 28, 2024 The £2.5bn mega-merger of housebuilders Barratt and Redrow looks set to be finally given approval by the Competition and Markets Authority (CMA). The watchdog launched an investigation into the proposed deal in June after it was first announced in February. Now, the watchdog has said it considers that there are reasonable grounds for believing that [...]
Barratt’s £2.5bn merger with Redrow now hinges on sale of 10 houses August 8, 2024 A £2.5bn merger between housebuilders Barratt and rival Redrow now hinges on the sale of 10 houses after the Competition and Markets Authority (CMA) said the deal could create local competition issues. In a ruling issued this morning the watchdog said the deal, announced in March 2024, could lead to a “substantial lessening of competition” [...]
Barratt: Capacity to build new homes, but not enough land to build on July 10, 2024 Barratt is one of the UK's top builiders, but it has struggled to grow this year.
Housebuilder Barratt to deliver profit ‘slightly ahead’ of expectations despite challenging conditions July 10, 2024 In a trading update covering the year to June, Barratt said that total home completions were at 14,004. Although this was down on 17,206 last year, it was still at the "upper end" of the firm's guidance.
Barratt becomes one of the most hated shares in the UK despite Labour bounce July 9, 2024 Barratt is due to make a trading announcement tomorrow. Analysts expect operating profit to more than halve from £863m to £357m for the year, thanks to higher interest rates and inflationary pressures.