3 May 2023 - trading update
As regular readers will know, the housebuilding sector took a dive last autumn after the Liz Truss episode and interest rates shot up. Now that we have had a period of stability, some confidence has returned to the sector and share prices have recovered to a large degree. Shares in Barratts for examples fell to 323p last autumn, although they have rebounded by over 50% since then. A trading statement covering the period 1 January to 23 April has confirmed that sales have been as expected with an improving performance over the period. Although the . . .
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