In this issue... our share tips for November 2024, the latest on our Aggressive Portfolio IX, plus company features and market insight.
Building for recovery
Shares in Barratt Redrow (412p) have fallen to the lowest point in over a year as investors worry about the effect of the Autumn Statement on the company. The increase in employers National Insurance contributions is clearly going to have a negative impact on the company, whilst there are now concerns that interest rates will not come down as quickly as previously expected which will obviously impact mortgage rates. This, in turn, is likely to put pressure on the housing market which will adversely affect house builders. However, we believe that the fall in the share price now reflects these factors and that at the current level the shares are attractive.
As readers will no doubt be aware, Barratt Redrow is the new name for the enlarged group following the takeover of Redrow by Barratt…
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