Barratt Developments FTSE 100 top riser after trading update

FTSE 100 image

Barratt Developments was the top riser on the FTSE 100 on Wednesday as shares rose 3.69% to 500.65p after the group issued a trading statement predicting record annual profit for the 2017/18 financial year.

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue