Barratt Is Upbeat but Alarm at Redrow [Edition 2]

Evening Standard - London › July 09, 2009

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Summary

HOUSE prices have stabilised and more people are looking for a new home, according to Barratt Developments.

But the recent upbeat note being struck by Britain's leading housebuilders was not being shared by smaller listed rival Redrow, which today issued a profit warning after reporting a 46% slump in sales. It also announced a wholsesale "review" of its business.

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Extract

Barratt Is Upbeat but Alarm at Redrow [Edition 2]

Barratt admitted its latest figures revealed the ex...

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