UK homebuilder Barratt flags fall in private reservations
Oct 12 (Reuters) – Britain’s largest homebuilder Barratt Developments Plc (BDEV.L) on Wednesday flagged lower private reservations and said its annual outlook looked “less certain” as homebuyers face rising mortgage rates amid a worsening cost-of-living crisis.
The FTSE 100 (.FTSE) company, which last month announced a 200 million pound share buyback after posting a record annual profit, said it was on track to deliver fiscal year 2023 adjusted profit before tax in line with its current expectation.
Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Subhranshu Sahu
Oct 12 (Reuters) – Britain’s largest homebuilder Barratt Developments Plc (BDEV.L) on Wednesday flagged lower private reservations and said its annual outlook looked “less certain” as homebuyers face rising mortgage rates amid a worsening cost-of- living crisis.The FTSE 100 (.FTSE) company, which last month announced a 200 million pound share buyback after posting a record annual profit, said it was on track to deliver fiscal year 2023 adjusted profit before tax in line with its current expectation.
