Barrett Hits at Lack of Mortgages After Pounds 592m Loss ; Construction
Birmingham Post › February 26, 2009
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Summary
Struggling house builder Barratt Developments announced yesterday that it had crashed with losses of almost pounds 600million after huge write downs in land values.
The company's pre-tax loss of pounds 592.4million in the six months to December 31 compared with a pounds 196.4million profit previously.See the full content of this document
Extract
Barrett Hits at Lack of Mortgages After Pounds 592m Loss ; Construction
The bulk of the losses in an "intensely difficult"marketcamefromapounds 494...
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