Barratt Claims Property Sector Is Still Robust As Profits Soar 35%
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Summary
HOUSEBUILDER Barratt said yesterday it did not expect rising interest rates to cause a crash in UK house prices, as it unveiled a 35% rise in first-half pre-tax profits.
The company, the UK's biggest residential construction firm by volume, said turnover rose 24% to (pounds) 1.2bn, while pre-tax profits were (pounds) 142.6m, against (pounds) 105.3m in the same six months of the previous year.See the full content of this document
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Barratt Claims Property Sector Is Still Robust As Profits Soar 35%
David Pretty, chief executive, said the housing market re...
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