Barratt tells investors it is set to meet full-year forecasts

Barratt homes

Barratt Developments has said its annual adjusted profit before tax will be in line with expectations at around £880m, despite a sharp fall in reservations and forward sales.

In a trading update for the period from the turn of the year to 23 April, the housebuilding giant told investors that there had been a slight recovery in the home reservation rate, even though the average was now 0.65 per outlet each week, compared to 0.93 a year earlier.

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