UK's Barratt Redrow rises on robust completions, unveils over $500 mln shareholder return
15/07/2026 08:12
BUZZ-UK's Barratt Redrow rises on robust completions, unveils over $500 mln shareholder return July 15 (Reuters) - ** Britain's largest housebuilder Barratt Redrow BTRW.L rises 4.4% to 290.4p
** Delivers FY26 home completions of 17,667 units, at the top end of guidance and slightly ahead of market expectations
** Plans to return £400 mln ($536.52 mln) to shareholders in FY27 and guides for 17,700-18,200 home completions
** Of 19 analysts covering the stock, 14 rate it "buy" or higher, five have "hold"; median PT 330p - LSEG compiled data
** Stock down 27% year-to-date, as of Tuesday's close
($1 = 0.7455 pounds)
(Reporting by Amna Mariyam in Bengaluru)
((amna.mariyam@thomsonreuters.com; 8448625620))