UK housebuilder; one of the largest residential developers across England, Wales and Scotland.
Britain’s biggest housebuilders are facing a multibillion-pound class-action lawsuit after accusations they colluded on pricing, harming more than 700,000 buyers of new-build homes between 2015 and 2026. The claim seeks up to £4.5bn in compensation, with per-home payments estimated at £3,100-£6,200. The Competition Appeal Tribunal must approve the case before it proceeds.
Barratt Redrow has announced investor returns plans, returning about £400 million via buybacks and £14 million via dividends, while signaling continued cost-cutting and supply chain management to offset higher build costs. The update follows investor pressure from Phoenix Asset Management Partners to pursue larger buybacks.