Barratt Redrow says profit will be in line with forecasts despite lower sales than expected

  • Barratt Redrow PLC (LSE:BTRW) put out a year-end trading update, saying it expects adjusted profit before tax to be in line with market expectations despite the market remaining what it calls "challenging". A total of 16,565 home sales were completed in the year to 30 June, slightly below guidance, impacted by weak demand in London, though the average selling price increased to £344,000, compared to £323,000 aggregated before the merger.