Barratt Developments (GB:BTRW) has released an update.
Barratt Redrow plc, formed from the recent acquisition of Redrow by Barratt Developments, is optimistic about future growth as it begins integration efforts. The company aims to leverage cost synergies of at least £90m and expand sales outlets to 45 by FY28, while benefiting from a strong balance sheet and improved market conditions. This strategic move is designed to address the housing shortage and enhance shareholder returns through a robust multi-brand approach.
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