Barratt Redrow Cuts Target But Shares Rise
Barratt Redrow lowered its home completions target for the upcoming year amid planning delays and cautious buyers. Despite the reduction, the British homebuilder posted a resilient profit and higher reservation rates, lifting its shares.
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Barratt Redrow plc reduced its home completions target for the year ending June 2027 to a range of 17,500 to 17,900 homes. The adjustment follows planning bottlenecks and cautious buyers across the United Kingdom. Despite the lower output volume, shares rose over 8% on Wednesday morning.
