UK's Barratt Redrow rises after as private reservation rates improve

Barratt Redrow

15/04/2026 08:40

** Shares of Britain's largest homebuilder Barratt Redrow BTRW.L up 2.1% at 263.6 pence, top gainer on the FTSE 100 .FTMC index, which is up 0.2%

** Co's net private reservation rate, including bulk rental deals, rose to 0.67 in the 13 weeks to March 29 from 0.63 a year earlier, a 6.3% increase

** RBC analyst Anthony Codling said the move to limit land buying is a wise call, noting that "Barratt is doing all that it can"

** "Given recent geopolitical events and their likely impact on mortgage rates and build cost inflation, we are being even more selective," co says

** Reaffirms its full-year profit and home completion forecasts

** BTRW down ~32.3%% this year, as of last close

($1 = 0.7375 pounds)

(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))