“Profits rise at Barratt despite the UK’s biggest housebuilder building fewer homes”

“Barratt Developments enjoyed a rise in profit before tax to £321m for the half year ended December 31, up 8.8pc from the same period in 2015.

It built nearly 5,000 fewer homes than in the half-year period in 2015, with total completions dropping from 7,626 in 2015 to 7,180 last year. However, it said completions outside London were at their highest level in nine years. …”