Barratt Developments outlook in focus on Thursday


Barratt Developments Plc (LSE:BDEV) (LSE:BDEV) releases its finals on Thursday, when investors will focus on the housebuilders outlook – since the market already has a good idea of what the full year might look like.

Full-year underlying pre-tax profit is expected to come in at around GBP899mln – the high end of market expectations. That’s predicated on a strong recovery in completion volumes, which are meant to be just around 3.4% lower than before the crisis.

Looking ahead, the FTSE 100 constituent faces ongoing build cost inflation which is running at 3-4%, analysts at Hargreaves Lansdown said.

Another key focus will be demand expectations.

“The stamp duty holiday and pandemic lifestyle changes lit a fire under the housing market,” the analysts said.

“The government is still committed to supporting the housing market with things like 95% mortgages, which makes buying a house more accessible for those with only a small deposit. But demand is likely to dissipate as some of the headwinds of the last eighteen months ease.”

Thursday 2 September

Finals: Barratt Developments PLC (LSE:BDEV)

Interims: Gem Diamonds Limited (LSE:GEMD) (LSE:GEMD), Gulf Keystone Petroleum Limited (LSE:GKP) (LSE:GKP), Inspired PLC (AIM:INSE, FRA:7PK) (AIM:INSE, FRA:7PK), Wentworth Resources PLC (AIM:WEN) (AIM:WEN)

FTSE 100 ex-dividends to knock 15.83 points off the index: Glencore PLC (LSE:GLEN) (LSE:GLEN), Admiral Group Plc (LSE:ADM) (LSE:ADM), BHP Group PLC (LSE:BHP) (LSE:BHP), Antofagasta PLC (LSE:ANTO) (LSE:ANTO)

Economic data: US initial jobless claims


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