Barratt warns of falling sales as credit crunch hits outlook

Sept. 27, 2007
Barratt Developments reported sales falling by around 10%, following the recent credit crunch and the run on British lender Northern Rock, and issued a warning that market conditions could continue to toughen up. The nation's second larget housebuilder's announced that it looked set to build only 1,000 of its planned 2,000-unit increase for the current period, having built 21,500 homes …

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