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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Barratt Developments PLC    BDEV   GB0000811801

BARRATT DEVELOPMENTS PLC

(BDEV)
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Stronger pound weighs on FTSE 100 as Brexit talks set to continue

10/14/2020 | 04:48am EST

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* Brexit talks to continue past Johnson's deadline

* Upbeat earnings prop up investor sentiment

* ASOS slips on cautious consumer demand outlook

* FTSE 100 falls 0.6%, FTSE 250 adds 0.3%

Oct 14 (Reuters) - The FTSE 100 slipped on Wednesday as signs of progress in Brexit talks boosted sterling, putting pressure on companies that are big exporters, while a clutch of upbeat corporate earnings limited declines.

The export-heavy FTSE 100 ended 0.6% lower on declines in pharmaceutical and bank stocks.

The mid-cap FTSE 250, considered a barometer for Brexit sentiment, added 0.3% after sources and documents said the European Union and Britain were set to continue negotiations on a Brexit trade deal beyond an Oct. 15 deadline set by Prime Minister Boris Johnson.

"The fact that talks are going to continue suggests there is appetite on both sides for a deal and removes a certain amount of anxiety because there is no immediately pressing deadline to worry about," Connor Campbell, financial analyst at Spreadex, said.

After riding a global surge in equity markets on hopes of more stimulus, the FTSE 100 has come under pressure this week on growing domestic political frictions about new coronavirus restrictions to contain a surge in infections.

Johnson on Wednesday resisted a national lockdown and said he would stick to his localised approach, responding to opposition leader Keir Starmer's demand for a temporary national shutdown.

In company news, money manager Ashmore Group Plc jumped 7.7% after the company said a rise in assets under management during the first quarter more than offset net outflows.

London-listed shares of Just Eat Takeaway.com NV rose 6.4% as the food-ordering company reported a 46% jump in its orders during the third quarter.

Britain's biggest homebuilder, Barratt Developments Plc gained 1.7% after posting a near 17% jump in forward sales for the past three months, helping the broader sectoral index gain 0.3%.

But online fashion retailer ASOS Plc tumbled 10.3% as it said it was cautious on the outlook for consumer demand. (Reporting by Devik Jain in Bengaluru; Editing by Rashmi Aich/Uttaresh.V/Jane Merriman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ASHMORE GROUP PLC 0.79% 431.4 Delayed Quote.-17.30%
ASOS PLC -1.06% 4542 Delayed Quote.37.03%
BARRATT DEVELOPMENTS PLC 1.02% 655.872 Delayed Quote.-13.10%
EURO / BRITISH POUND (EUR/GBP) -0.23% 0.9035 Delayed Quote.6.36%
MSCI UNITED KINGDOM (STRD, UHD) 1.04% 1009.276 Real-time Quote.-16.09%
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10/14BARRATT DEVELOPMENTS PLC : Press Release
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10/09BARRATT DEVELOPMENTS PLC : quaterly sales release
More news
Financials
Sales 2021 4 222 M 5 678 M 5 678 M
Net income 2021 506 M 680 M 680 M
Net cash 2021 566 M 761 M 761 M
P/E ratio 2021 13,1x
Yield 2021 3,16%
Capitalization 6 576 M 8 774 M 8 844 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,27x
Nbr of Employees 6 655
Free-Float 99,1%
Chart BARRATT DEVELOPMENTS PLC
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Technical analysis trends BARRATT DEVELOPMENTS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Average target price 662,32 GBX
Last Close Price 648,80 GBX
Spread / Highest target 38,7%
Spread / Average Target 2,08%
Spread / Lowest Target -19,1%
EPS Revisions
Managers
NameTitle
David Fraser Thomas Group Chief Executive Officer & Executive Director
John Murray Allan Non-Executive Chairman
Steven John Boyes Deputy Chief Executive, COO & Director
Jessica Elizabeth White Chief Financial Officer & Executive Director
Richard John Akers Senior Independent Director
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