Barratt Developments sees property sales and completions jump in first half

first_imgWednesday 14 January 2015 8:04 pm Tags: Barratt Developments Company whatsapp Share Express KCS Show Comments ▼ More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: Barratt Developments sees property sales and completions jump in first half whatsapp Sales at residential property company Barratt Developments jumped by 17 per cent in the six months to 31 December, up to £1.68bn from £1.44bn in the first half of the 2014 financial year.Completions also increased, improving from 6,195 to 6,971. Of the total number of completions, 1,149 were in the affordable housing sector, which grew by 53 per cent from 751 last year. According to Barratt, the land market “remains attractive across all regions”. The company revealed that it secured further “excellent operational and strategic land opportunities that at least meet our minimum hurdle rates” during the first half. The firm expects to approve around 16,000 plots in the full financial year, with 7,242 plots approved in the first half. Mark Clare, Barratt’s group chief executive, stated: “We are on track for another significant improvement in our financial performance for the full year as we continue to operate in a disciplined way, building the highest quality homes in places people want to live. Our significant investment programme in new land continues to pay off and over the next six months we plan to open around 90 new sites which will give us the highest average number of developments for six years.”Analysts at Peel Hunt said that while Barratt’s shares have “slipped back a bit as a result of the recent bear raid on the sector”, the fundamentals remain intact. The broker added that it sees “a bit more value in Barratt than in the other two big liquid builders”. The company’s share price dropped by 0.12 per cent yesterday, to close at 425p per share. last_img

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