BARRATT DEVELOPMENTS

UK housebuilders have seen a significant decline in share prices, down about 20% since the October Budget, and analysts at RBC Capital Markets believe the sector has been oversold and presents opportunities, with many stocks now trading below tangible net book value. Shares in housebuilders were mostly trading lower on Monday amid reignited worries about cladgging taxes.» Mehr auf proactiveinvestors.co.uk

Barratt Redrow PLC (LSE:BTRW) has received a show of support from JP Morgan, which attributes its sector bottom performance this year to investors waiting on the sidelines for the closing of the Redrow acquisition. Now complete, Barratt's cost-saving potential (at least £90 million) as well as revenue synergies (not quantified) should come to the fore suggests the US bank.» Mehr auf proactiveinvestors.co.uk

The market “should be encouraged” Barratt Redrow PLC (LSE:BTRW)'s improved sales rate in the combined group's inaugural trading statement since completion of the £2.5 billion merger. Barratt Redrow detailed a 33% year-on-year improvement in the sales rate between  1 July and 13 October and confirmed a £90 million cost-saving spree (which is likely to come with job losses given nine offices are set to close).» Mehr auf proactiveinvestors.co.uk