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Barratt says it could slow housebuilding rate following Brexit vote

Discussion in 'Market News' started by Lily, Jul 13, 2016.

  1. Lily

    Lily Forum Member

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    Company rethinking building and land buying plans due to uncertainty caused by EU referendum outcome

    Britain’s biggest housebuilder has said it could reduce the rate at which it builds new homes as the company prepares for a possible slowdown following Britain’s vote to leave the EU.

    Barratt Developments was the biggest faller on the FTSE 100 on Wednesday morning after it said it was rethinking its building and land-buying programmes because the outlook for the industry was uncertain.

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