Barratt Redrow maintains forecasts amid Iran war risks

Britain's largest homebuilder reaffirmed its full-year profit and completion forecasts today. The firm warned that the Iran war could raise costs and rates.

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The largest homebuilder in the United Kingdom, BARRATT REDROW PLC, reaffirmed its full-year profit and home completion targets on Wednesday. Despite maintaining its current guidance, the company expressed caution regarding the long-term economic environment due to escalating geopolitical tensions.

Construction workers at a Barratt Homes site in Warrington, United Kingdom, captured in August 2020. REUTERS/Phil Noble/File Photo
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