Barratt Redrow (LON:BTRW) trades lower as £4.5bn claim puts focus on cash buffer
Barratt Redrow plc dropped more than the overall London market Thursday. AJ Bell’s delayed prices quoted BTRW at 275.00p/275.20p, off 4.70p, or 1.68%. Recent trades went through near 275.3p as of 12:46 BST. At the same time, the FTSE 100 rose 0.43% to 10,523.66, according to Hargreaves Lansdown’s delayed feed. The focus for Barratt isn’t just about mortgage rates or completions now. Investors have to consider the proposed class action filed this week against major UK housebuilders for alleged anti-competitive behavior. Reuters said the claim targets more than 700,000 buyers of new-build homes in Britain from October 2015 through June 24, 2026.
