Barratt posts record annual profit

Barratt homes

Britain’s largest housebuilder Barratt Developments has shrugged off concerns of a slowdown in the housing market to post record profit.

The FTSE 100 developer posted 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.

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