Barratt Developments said a strong order book meant it was well positioned for the second half of the year.
The housebuilder, however, sounded a quiet note of caution about the impact of Thursday’s quarter point rise in interest rates.
Barratt said it traded strongly in the first half with a 2.9% rise in completions and slight rise in the average selling price to £165,000.
References: Financial Times page 17 13/01/07, Daily Telegraph page 31 13/01/07, The Times page 56 13/01/07
