Barratt to \"tightly control\" new sites as reservations fall

May 14, 2008
Barratt’s interim management statement for the first part of the year has reported “significantly deteriorating” market conditions “as a result of an unprecedented reduction in mortgage availability and tightening lending criteria, combined with a decline in consumer confidence.” The Group’s housebuilding revenues for the 19 week period to May 11 were £825 million compared to last year’s pro forma figure …

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