Friday 24 May 2013
Barratt Developments has revealed a sharp reduction in losses and said there had been a significant pick-up in trading in 211.
Barratt's focus on selling more family houses rather than flats ensured the average price achieved on sales rose by 5.7% to £175,8 in the second half of 21 as it bucked the trend of a declining housing market. Barratt's profit margin jumped from .6% to 5% and lifted its operating surplus to £43.5m from £5.2m a year earlier.
The UK's return to growth has been underlined as revised figures confirmed the dominant services sector helped the economy expand by 0.3% in the first three months of the year.
TWO of the FTSE's biggest bosses have banked rather different pay packets, it has been revealed.
Checkout staff at Tesco have seen their annual shares bonus pot halved after the supermarket giant slumped to its first annual profits fall in nearly 20 years.
A COLERAINE medical company is celebrating after landing an export deal to Brazil.
India's Tata Steel has plunged into the red with losses of £840m after wiping £1bn off the value of its European arm, which employs 18,500 people in the UK. The overall post-tax figure for the group represents a sharp fall from the previous year's £642m profit, and is largely accounted for by the write-down.
Mitchells & Butlers, the UK's biggest operator of managed pubs placed upmarket, special occasions and family dining at the centre of an investment drive. The Harvester, O'Neill's and All Bar One owner set aside £30m in capital expenditure in the current year to October but it will rise to between £50m and £80m a year.
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