Barratt Development profits slide after £400mln cladding repairs hit

Barratt Development PLC’s annual profits tumbled by 21% as the rising cost of remedial cladding repairs bit into margins at the UK housebuilder. Revenues rose by almost 10% to £5.2bn in the year to end June 2022, as the number of housing completions rose by 4% to 17,908. Profits, […]

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