Barratt share price falls as it reports no improvement in demand

By Joey Gardiner2023-09-06T10:39:00

UK’s top housebuilder reports fall in adjusted profit and still expects big drop in 2024 build volume

Shares in housebuilder Barratt fell this morning after it reported no improvement in the weak demand picture reported earlier in the summer as it published full year results in line with expectations.

The UK’s biggest housebuilder said sales per site per week since the start of July had dropped to just 0.42, compared to 0.60 in the same period last year – a level comparable to the weeks following former chancellor Kwasi Kwarteng’s disastrous mini-Budget last autumn.

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