11 January 2023 - trading update
The leading housebuilder Barratt Developments has announced a trading update for the six month period to 31 December 2022 and as might have been expected this has confirmed a slowdown in activity. Although the group has delivered a strong operating performance, this was largely due to the strong order book at 30 June 2022. The period under review has seen a slowdown in the UK housing market caused by political and economic uncertainty, with increases in mortgage rates and financial pressures on consumers due to higher inflation also playing their part. The six month period . . .
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