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Barratt Developments reveals £200m share buyback and boosts dividend as UK's biggest housebuilder posts record annual profits

Gate
"I met an estate agent in Surrey last week for lunch and she told me sellers were reducing their asking prices"

Just goes to show it's the area you in

I'm in the Chilterns my friend works as a estate agent and House's are still in strong demand and most over a million are offers above with sealed bids

The average cost of a home in London has a record £554,718, after recording the highest annual house price inflation in six years, according to the country’s longest running index.

While house price growth in the capital has continued to lag behind other parts of the UK, the rate of annual growth now stands at 8.8 per cent – or the equivalent of £44,669 over the last 12 months.

Halifax’s House Price Index, which first began collecting data in 1983, found that the 0.1 per cent fall in house prices in July has been completely offset by the 0.4 per cent growth recorded in August.

https://www.cityam.com/london-house-prices-hit-new-record/

FTSE 100 expected to open lower following falls in the US and Asia
Spread betting companies are calling the lead index down by around 60 points

Thanks for the link max another step forward to production looking good

All pub shares are up today as UK's Truss plans £40 billion energy package for businesses hope this hold's

UK's Truss plans 40 billion energy package for businesses

PMI are backwards looking and markets forward looking so hopefully after several weeks of no leadership today rise can hold or get back to 50p

Construction activity in the UK dipped for the second successive month in August as customer demand moved closer to stagnation amid cost pressures and economic uncertainty.

Concerns about wider economic prospects led to a drop in business confidence and slower job creation, while firms' purchasing activity declined.

Falling buying activity did alleviate some pressure on supply chains, with lead times lengthening to the least extent in two-and-a-half years, while inflationary pressures also showed signs of waning.

The headline seasonally adjusted S&P Global / CIPS UK Construction Purchasing Managers’ Index (PMI) was at 49.2 in August, up fractionally from 48.9 in July but still below the 50.0 no-change mark and thus signalling a reduction in construction activity over the month.

US futures rise after three straight weeks of losses s&p 500 +19.25, Dow +142.00

Analyst Alexander Irving from Bernstein research considers the stock attractive and recommends it with a Buy rating. The target price is unchanged and still at GBX 180

Traders in a buying mood this morning and buying the dip

FTSE 100 expected to open Down 16 point

Muchaboutmoney

Very true happy invested in Lloyds taking the dividend with good prospects

Gate13Boy
"Telegraph headline suggests Truss is going to freeze energy prices so increasing base rates should not be so painful for businesses and mortgage holders"

Lots of younger generation have 300.000 and 500.000 thousands pound mortgage's nowadays so rising interest rates would be very painful

Lti
"Average share price now 20.64p"

That's the same average as mine haha

Lloyds always jam tomorrow markets or city aristocrat they blamed 2008 financial crisis then Brexit, PPI, now Russia war if they could reduced the share count be 50% it would still be in the 40p price range

"The purpose of the share purchase programme is to reduce the number of shares"

Reducing the number of shares has proved it doesn't benefit the shareholder

"buy back makes no difference to the share price and seems too hold £ the price down"

Iv got to agree with you on that but the banks profits will be to much to pay out as a dividend and they don't seem to like a special payment as the BoD don't benefit from this , so the excess profits gets paid as a buyback and some how benefits the BoD bonuses