Barratt Redrow slashes dividend as rising building costs squeeze margins
Britain's top homebuilder cut its dividend as profits fell. The firm is currently struggling with high building costs that have squeezed its profit margins.
Insights:
Barratt Redrow plc reported a 13.6% decline in adjusted pre-tax profit for the six months to December and announced a cut to its interim dividend. The results from one of the largest homebuilders in Britain 
GB highlight significant pressure on margins due to rising building costs, which prompted a share price decline of more than 8% on Wednesday.
GB highlight significant pressure on margins due to rising building costs, which prompted a share price decline of more than 8% on Wednesday.
