Barratt predicts record annual profit

Barratt homes

Leading UK housebuilder Barratt Developments is set to post record year-end profits, it said in a trading update this morning.

The firm said pre-tax profit will rise to £835m, from £765.1m last year, ahead of its annual results on 5 September. The group added total completions were at their highest level in a decade, at 17,579 compared to 17,395 in 2017.

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