logo
Plus   Neg
Share
Email

Barratt Developments Says Trading Strong; FY View In Line With Board's Outlook

UK home builder Barratt Developments Plc. (BDEV.L), in its trading update for the period from January 1 to May 6, said its trading is strong and the outlook for the full year remains in line with the Board's expectations.

Sales rate is in line with the prior year at 0.80 net private reservations per active outlet per average week.

Total forward sales, including Jvs, was up 2.5% as at May 6 to 3.29 billion pounds.

The company said it expects to approve the purchase of more than 20,000 plots for the full year to help support future volume growth, compared to last year's 18,497 plots.

David Thomas, Chief Executive, said, "Trading since the beginning of the year has been strong across the country driven by good customer demand for our high quality new homes and an attractive lending environment. We have a healthy forward order book and a robust balance sheet.... we continue to focus on growing our housing output, creating jobs and supporting economic growth across the country."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Delta Air Lines Inc. said Friday that it will invest $1 billion over the next decade to mitigate all greenhouse gas emissions from its global business, starting March 1, 2020. The company intends to become the first airline in the world to go carbon neutral. The airline said that over the next decade, it will spend $1 billion to drive innovation and advance clean-air travel technologies. Crown Castle International Corp. (REIT) (CCI) is currently gaining over 1% on Friday morning. Early this week, a U.S. District judge ruled in favor of Sprint and T-Mobile's long-pending $26 billion merger deal. The judge dismissed a lawsuit brought by a group of State Attorneys General. The deal is... Online furniture retailer Wayfair Inc. is cutting 550 jobs, or about 3 percent of its workforce, reports on Thursday quoted a company spokesperson as saying. The job cuts will impact about 350 employees at Wayfair's corporate headquarters in Boston. The company has more than 16,000 employees globally. Wayfair's shares tumbled 14 percent in Thursday's trading session following news of the job cuts.
RELATED NEWS
Follow RTT
>