Barratt Development share price rises on profit announcement

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Barratt Development’s share price rose 1.79% on Wednesday after the housebuilder posted record profits and boosted its dividend.

Barratt reported a 7.9% hike in pre-tax profit to £836m for the year to the end of June after revenue grew 4.8% to £4.9bn and raised its full-year dividend by 5% to 43.8p.

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