Property News · February 22, 2017

Barratt to pay out more to shareholders despite London sales slump


Housebuilder appears to brush aside Brexit uncertainties despite being forced to cut prices of top properties in capitalOne of Britain’s biggest housebuilders has surprised shareholders with an enhanced cash payout, despite its decision to cut prices on some of its most expensive homes in London amid waning demand.Brushing aside any uncertainty over the Brexit vote, Barratt Developments said it was sufficiently confident in the outlook for the housing market to extend its capital return plan, including special dividend payments of £175m in November 2017 and November 2018. Continue reading…

Source : theguardian.com
Read more…Barratt to pay out more to shareholders despite London sales slump

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