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.

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