Competition watchdog investigates £2.5 billion housebuilder merger The CMA has opened an invitation to comment until 2 April Evening Standard · Mar 15, 2024
McDonald’s says it’s trying to solve tech issues affecting some restaurants worldwide – as it happened Global chain apologises to customers over IT problems which left customers unable to order food in countries including Australia, China, UK and Japan and led to temporary store closures The Guardian - UK · Mar 15, 2024
Housebuilder shares fall as competition watchdog opens investigation; UK retail sales slump eases – as it happened The CMA has opened an investigation into eight housebuilders following evidence they may be sharing commercially sensitive information. The Guardian - UK · Feb 26, 2024
Barratt to Acquire Redrow in Landmark £2.5 Billion Deal Barratt, the nation's largest housebuilder, has finalised a deal to acquire its smaller counterpart, Redrow, for an impressive sum exceeding £2.5 billion. International Business Times UK · Feb 13, 2024
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 · Feb 7, 2024
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 · Feb 7, 2024
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 · Feb 7, 2024
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 · Feb 7, 2024
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 · Nov 28, 2023
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 · Oct 18, 2023
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 · Oct 18, 2023
Housing industry faces difficult months ahead amid weak demand, says Barratt Housebuilder reports £705m profits but ‘mortgage affordability challenges’ affect purchases The Guardian - UK · Sep 6, 2023
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 · Sep 6, 2023
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 · Jul 13, 2023
The Guardian - UK · Jul 13, 2023 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
Nottingham Post · Jul 1, 2023 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.
Birmingham Post · Jun 29, 2023 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
The National (Scotland) · May 31, 2023 '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 Guardian - UK · May 23, 2023 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 · May 23, 2023 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 · May 23, 2023 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 · May 16, 2023 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
Birmingham Post · May 3, 2023 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 · May 3, 2023 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 · Apr 10, 2023 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.