UK's Barratt Redrow hits upper end of annual home completions guidance
Barratt Redrow's Fiscal 2026 Performance and Outlook
Annual Home Completions Achieved
July 15 (Reuters) - Britain's largest homebuilder Barratt Redrow said on Wednesday it delivered home completions for fiscal 2026 at the upper end of its guidance and announced plans to return £400 million ($536.36 million) to shareholders in fiscal 2027.
Guidance and Market Expectations
The company said it expected total home completions of 17,667 units for the year ended June 28, at the upper end of its previously forecast range and slightly ahead of market expectations. It expects to deliver 17,700 to 18,200 units in fiscal 2027.
Cost Inflation and Industry Factors
Barratt Redrow expects cost inflation of 3% to 4% in fiscal 2027, reflecting rising energy prices due to the Iran war and a slowdown in activity across the wider industry.
Additional Information
($1 = 0.7458 pounds)
(Reporting by Simone Lobo in Bengaluru; Editing by Subhranshu Sahu)
