Barratt Developments (GB:BDEV) has released an update.
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Barratt Developments PLC reports a year of solid home completions despite a challenging market, with a total of 14,004 homes completed and a decline in revenue and profits. The company has completed the acquisition of Redrow plc, enhancing its position for future growth and is entering FY25 with a strong balance sheet and a solid forward sales position. The company remains confident despite market challenges, including mortgage affordability and a temporary reduction in the number of outlets.
For further insights into GB:BDEV stock, check out TipRanks’ Stock Analysis page.
