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City

Barratt profits crumble as high mortgage rates and inflation hit housebuilding

Barratt Developments reported a sharp fall in profit and home completions last year, as it hailed the Labour Government’s planning reforms as “one of the key levers” to boost housebuilding. Profit plunged 57% to £385 million, while the builder ...

04 Sept 2024 at 08:23

City

Builder Barratt reduced workforce by hundreds after Liz Truss’s premiership

Barratt Developments cut the size of its workforce by hundreds of people in the wake of Liz Truss’s premiership, the business revealed on Wednesday. The construction company said that it had put a hiring freeze in place as the “market ...

06 Sept 2023 at 10:06

City

Merger of housebuilders Barratt and Redrow could put hundreds of jobs at risk

The merger of housebuilders Barratt Developments and rival Redrow could lead to the loss of more of 800 jobs, as two of the country’s biggest developers come together to save money and build more homes. Barratt said it has agreed to ...

07 Feb 2024 at 13:38

City

Housebuilders Barratt and Redrow agree tie-up worth £2.5bn

UK housebuilder Barratt Developments has agreed to buy rival Redrow in a deal worth £2.5 billion, as two of the country’s biggest developers come together to accelerate the building of “much-needed” homes. Barratt said it will buy ...

07 Feb 2024 at 08:11

Mother of girl killed 30 years ago breaks down as man accused denies murder

The mother of a primary schoolgirl who was stabbed and beaten to death almost 30 years ago broke down in tears as a man accused of her murder denied the charge. Nikki Allan, seven, was found dead in a derelict building after ...

20 Jun 2022 at 14:15

Exercise could lead to brain changes that help stave off dementia, study finds

Keeping active throughout life – particularly before the age of 50 – leads to changes in the brain that could help stave off dementia, according to a study. Researchers suggest this could be down to exercise helping to ...

31 Jan 2025 at 00:01

City

Barratt sees recovery in house buying from post-minibudget lows

Housebuilder Barratt Developments said the number of homes customers are reserving has continued to bounce back after struggling in the last few months of 2022. The company said it sold 0.3 homes per week in each ...

03 May 2023 at 10:06

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