Barratt Developments
Article Abstract:
Barratt Developments announced good results in Sep 1999, but the company's stoc prices has been affected by interest rate rises. The company has expanded in south east England, and has kept down the cost of plots, giving a 26.2% return on capital. The company has a land bank of some three years' worth of land with planning consent. Barratt has been criticized for a focus on volume sales. but has been able to increase returns and profits as well. The struggling Californian operation could be sold.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Barratt Developments
Article Abstract:
Barratt Developments aims to build 8,000 houses by 1996 and foresees a rises in house prices of between 2% and 3% in 1995. Other major UK house builders are less optiministic. Barratt has 17,814 building plots and the average cost per plot is 21.4% of the expected price at which they will be sold. The company's chairman criticises the reduction in tax relief for mortgage holders. A profit of 45 million pounds sterling could be achieved by Barratt in 1995.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Barratt Developments
Article Abstract:
Barratt Developments has maintained its margin despite incentives that have eroded UK housbuilders' margins due to weak sales. UK land prices dropped after a rise in 1994, and Barratt bought land at a time when the price had dropped. This benefits the company in 1996 when land prices are again rising. The company should sell 8,000 homes in 1996 and a profit of 69 million pounds sterling is forecast by Greig Middleton for this year.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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