Barratt Redrow Plans £400 Million Buyback as UK Housing Market Stalls
Updated
Updated · Bloomberg · Jul 15
Barratt Redrow Plans £400 Million Buyback as UK Housing Market Stalls
1 articles · Updated · Bloomberg · Jul 15
Summary
£400 million in share buybacks will replace Barratt Redrow’s final dividend this year and next as Britain’s biggest housebuilder adjusts capital returns.
17,667 home completions this year hit the top end of guidance, giving the company room to launch the repurchase plan despite softer market conditions.
Stalling UK house-price growth and rising build costs are pressuring the sector, shaping Barratt Redrow’s shift away from a final dividend.
For the next financial year, Barratt Redrow expects to complete 17,700 to 18,200 homes, signaling broadly steady output in a tougher market.