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Barratt Developments PLC (BDEV.L)

BDEV.L on London Stock Exchange

482.50GBp
30 Oct 2020
Change (% chg)

-1.50 (-0.31%)
Prev Close
484.00
Open
478.30
Day's High
488.30
Day's Low
478.30
Volume
2,734,068
Avg. Vol
3,494,141
52-wk High
889.20
52-wk Low
349.40

Latest Key Developments (Source: Significant Developments)

Barratt Scraps Special Dividend Proposal, FY Pretax Profit Down 45.9%
Wednesday, 2 Sep 2020 

Sept 2 (Reuters) - Barratt Developments PLC ::BARRATT DEVELOPMENTS - ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2020.FY PRETAX PROFIT 491.8 MILLION STG VERSUS 909.8 MILLION STG YEAR AGO.FY ADJUSTED OPERATING PROFIT 507.3 MILLION STG VERSUS 904.3 MILLION STG YEAR AGO.BARRATT - WHEN BOARD BELIEVES TIME IS RIGHT, IT WILL IMPLEMENT A DIVIDEND POLICY BASED ON A DIVIDEND COVER OF 2.5 TIMES..BARRATT - FORWARD SALES AS AT 23 AUGUST 2020 WITH 15,660 HOMES (25 AUGUST 2019: 13,064 HOMES) AND A VALUE OF £3,706.5M (25 AUGUST 2019: £3,037.5M).BARRATT - WHEN BOARD BELIEVES TIME IS RIGHT, IT WILL IMPLEMENT A DIVIDEND POLICY BASED ON A DIVIDEND COVER OF 2.5 TIMES..BARRATT - ALTHOUGH UNCERTAINTIES REMAIN, ALL OF OUR SITES ARE OPERATIONAL.BARRATT - ARE SEEING VERY STRONG CONSUMER DEMAND AND OUR ROBUST FINANCIAL POSITION MEANS WE ENTER NEW FINANCIAL YEAR WITH CAUTIOUS OPTIMISM.BARRATT - FY REVENUE 3,419.2 MILLION STG VERSUS 4,763.1 MILLION STG.BARRATT - FY TOTAL COMPLETIONS 12,604 VERSUS 17,856.BARRATT - WILL NO LONGER PROPOSE FY21 SPECIAL DIVIDEND OF £175M WHICH WOULD HAVE BEEN PAYABLE IN NOVEMBER 2021.  Full Article

Barratt Says Total Forward Sales (Including JVS) At 30 June Of 14,326 Homes
Monday, 6 Jul 2020 

July 6 (Reuters) - Barratt Developments PLC ::GROUP TRADED WELL ACROSS COUNTRY UP TO 22 MARCH 2020 AND WAS ON TRACK TO MEET ITS MEDIUM TERM TARGETS.TOTAL FORWARD SALES (INCLUDING JVS) AS AT 30 JUNE 2020 OF 14,326 HOMES AT A VALUE OF £3,249.7M.AS AT 30 JUNE 2020 GROUP HAD NET CASH(3) OF AROUND £305M.GROUP HAS £200M OF DRAWN US PRIVATE PLACEMENT NOTES AND A £700M UNDRAWN REVOLVING CREDIT FACILITY..RECEIVED CONFIRMATION THAT IT IS ELIGIBLE TO ACCESS FUNDING UNDER COVID CORPORATE FINANCING FACILITY.  Full Article

Transport For London To Work With Barratt London To Deliver Around 450 New Homes In Wembley Park
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - Transport for London [RIC:RIC:TRNSL.UL]::TRANSPORT FOR LONDON - TFL WILL WORK WITH BARRATT LONDON TO DELIVER AROUND 450 NEW HOMES IN WEMBLEY PARK.  Full Article

Woodford Investment's Stake In Barratt Was Less Than 5% As Of June 5 Vs. Earlier Stake Of 5.07%
Friday, 7 Jun 2019 

June 7 (Reuters) - Barratt Developments Plc ::WOODFORD INVESTMENT MANAGEMENT'S STAKE IN BARRATT DEVELOPMENTS WAS LESS THAN 5% AS OF JUNE 5 VERSUS EARLIER STAKE OF 5.07% - FILING.  Full Article

Barratt Says Outlook For FY Modestly Above Previous Expectations
Thursday, 9 May 2019 

May 9 (Reuters) - Barratt Developments PLC ::BARRATT DEVELOPMENTS - TRADING STATEMENT.BARRATT DEVELOPMENTS PLC - OUTLOOK FOR FULL YEAR MODESTLY ABOVE BOARD'S PREVIOUS EXPECTATIONS.BARRATT DEVELOPMENTS PLC - TOTAL FORWARD SALES (INCLUDING JVS) WERE UP 2.4% TO £3,365.1M AS AT 5 MAY 2019 (6 MAY 2018: £3,286.7M).BARRATT DEVELOPMENTS PLC - GOOD PROGRESS ON MEDIUM TERM TARGETS.BARRATT DEVELOPMENTS PLC - TRADING SINCE BEGINNING OF YEAR HAS BEEN STRONG.BARRATT DEVELOPMENTS PLC - CONFIDENT OF DELIVERING A GOOD FINANCIAL AND OPERATIONAL PERFORMANCE IN FY19.BARRATT- CONTINUE TO FOCUS ON DRIVING MARGIN IMPROVEMENTS, EXPECTED TO DELIVER MODEST IMPROVEMENT TO PREVIOUS EXPECTATIONS THIS FINANCIAL YEAR.BARRATT DEVELOPMENTS - EXPECT TO APPROVE BETWEEN 18,000-22,000 PLOTS FOR PURCHASE PER ANNUM OVER THIS YEAR AND FOR NEXT TWO FINANCIAL YEARS.BARRATT DEVELOPMENTS PLC - CASH GENERATION REMAINS STRONG, CONTINUE TO EXPECT YEAR END NET CASH TO BE C. £600M - £650M.BARRATT DEVELOPMENTS PLC - EXPECT TO GROW VOLUME TOWARDS LOWER END OF OUR MEDIUM TERM TARGET RANGE IN FY19.BARRATT DEVELOPMENTS PLC - TRADING SINCE BEGINNING OF YEAR HAS BEEN STRONG.  Full Article

UPDATE 3-UK watchdog investigates homebuilders over leasehold contracts

* Housing minister to legislate against high ground rents (Adds comment from Housing Secretary, updates share move)