Falling reservation rate sees Barratt’s share price slip

By Joey Gardiner2021-09-02T09:09:00

Housebuilder meets raised profit and revenue expectations in 2021 full-year results

Shares in Barratt fell by as much as 3% this morning in early trading after the housebuilder published full-year results revealing that its current reservation rate is behind the level seen in the immediate aftermath of the 2020 spring lockdown.

The fall came despite Barratt reporting results to June 30 this year showing a strong recovery from the pandemic. Revenue of £4.81bn was not only a 41% jump from 2020, but also above the level reported in the pre-covid 2019 financial year.

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