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Barratt's 'record' profits omit fire safety costs

Barratt claims to have made a "record" profit thanks to a figure which does not include cladding costs
September 7, 2022
  • Fire safety continues to be an issue for the developer
  • Housing department turnover creates confusion
IC TIP: Hold

It is impossible to look at Barratt Developments (BDEV) finances without thinking about the Grenfell fire tragedy. Just as the burned-out tower casts a shadow over Kensington, so, too, do fire safety costs loom over the housing developer’s full-year results.

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