Housebuilders\' share prices rally following Barratt statement

Feb. 19, 2008
City rumours that Barratt would need to turn to an emergency rights issue to plug a debt hole to the tune of £2 billion have been slammed by the Barratt board, leaving housebuilders' share prices rallying in the wake of the statement. The story had suggested that Barratt was riding close to breaking its banking covenants and needed to reduce …

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