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Barratt Developments: as expected
FTSE 100 housebuilder Barratt Developments (LON: BDEV) said its underlying pre-tax profit fell by 16% to £884m during the year to 30 June.
Barratt delivered 17,206 homes during the period (FY22: 17,908) but warned that falling customer demand meant that 2023/24 completions would be significantly lower, at between 13,250 and 14,250.
From our perspective, the numbers were broadly reassuring. There was no change to previous guidance and the group ended…
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