Barratt Developments
| Use attributes for filter ! | |
| Stock price | BDEV |
|---|---|
| Disclaimer | |
| Headquarters | Coalville |
| United Kingdom | |
| Ceo | David F. Thomas |
| Revenue | 4. 875 billion GBP (2018) |
| Subsidiaries | Oregon Timber Frame Ltd. |
| BDW Trading Limited | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1251172 |
About Barratt Developments
Barratt Developments plc is one of the largest residential property development companies in the United Kingdom operating a network of over 30 divisions. It was founded in 1958 as Greensitt Bros. but control was later assumed by Sir Lawrie Barratt.
Rishi Sunak scraps home energy efficiency taskforce
... Another U-turn The taskforce s membership included: the chair of the National Infrastructure Commission Sir John Armitt; head of leading housebuilder Barratt Developments, David Thomas; and leading experts from the University of Salford, the UK Green Building Council and National Energy Action...
Tesco chairman denies inappropriate touching
... Mr Allan is also chairman of Barratt Developments, the housebuilder...
Housebuilder Taylor Wimpey axes ground rent rises
... These were Countryside and Taylor Wimpey, for using " possibly unfair contract terms" and Barratt Developments and Persimmon Homes over the possible mis-selling of leasehold homes...
Pound falls as Queen asked to suspend Parliament
... Firms that are exposed to the domestic economy such as house builders and airlines were hit: Taylor Wimpey, Persimmon and Barratt Developments were down between 2% and 2...
Pound falls as Queen asked to suspend Parliament
The pound was volatile on Wednesday following news that Parliament is to be suspended just days after MPs return to work on 3 September .
The Move from passing a law to stop a no-deal Brexit.
The pound is down about 0. 5% against both The Euro and US dollar. So £1 is now worth €1. 10 and $1. 22.
The FTSE 100, made up of stocks that could benefit from a devaluation of sterling, ended 0. 4% ahead to 7,114. 71.
Many of those listed firms book much of their earnings in foreign currencies, and benefit from a weak pound.
The FTSE 250, a stock index that is seen as more representative of the UK economy, closed down 0. 7% to 19,202. 99.
Firms that are exposed to the domestic economy such as house builders and airlines were hit: Taylor Wimpey , Persimmon and Barratt Developments were down between 2% and 2. 3%.
Meanwhile, British Airways owner IAG fell 1. 7% and easyJet dropped 3. 2%.
"As far as the markets are concerned, there's a fair bit of Bad News already baked in to the pound," according to David Cheetham, an analyst at currency trader XTB Online Trading.
"It is telling that after the knee-jerk move lower in recent trade, the selling we've seen is far from panic stations. "
Discussing the Prime Minister 's decision to suspend parliament, Mr Cheetham said: "This seems like a pre-emptive strike from [Mr Johnson] against those seeking to block a no-deal Brexit and Once More it seems that the opposition are in danger of fluffing a big opportunity to have an impact.
"If the government is successful in this, then a no-deal Brexit wouldn't be taken off the table until the 11th hour at the earliest and this keeps a significant downside risk to the pound in play. "
'Ongoing battle'And Michael Hewson, chief markets analyst at CMC, said: "Sterling is Under Pressure as a consequence of the prospect of a no-deal Brexit increasing, while the FTSE 100 has jumped higher.
"Overall, though, this appears part and parcel of the ongoing battle between the various caucuses of MPs who want to block a no-deal Brexit at all costs, and those who want to retain the option as part of the ongoing attempts to renegotiate the withdrawal agreement. "
The government has asked The Queen to suspend Parliament just days after MPs return to work in September - and only a few weeks before the Brexit deadline.
Boris Johnson said a Queen's Speech would take place after the suspension, on 14 October , to outline his "very exciting agenda".
But it means MPs are unlikely to have time to pass laws to stop a no-deal Brexit on 31 October .
boris johnson, uk parliament, queen elizabeth ii, unlawful parliament suspension, pound sterling (gbp), brexit
Source of news: bbc.com
