0830 GMT - Barratt Redrow's decision to amend its shareholder return policy, which sees a more efficient use of capital, is likely to be well-received by investors, Interactive Investor analyst Richard Hunter says in a note. The housebuilder is responding to pressure from shareholders who sought a more effective deployment of its capital, Hunter says. Its new 400 million-pound program will comprise a 386 million-pound share buyback program alongside a nominal 1 pence a share dividend payment totaling 14 million pounds, he says. "While the yield will therefore plummet to 0.4% from its current level of 6.2%, the buyback should prove to be price supportive and in addition reflect the group's currently gaping discount to its net asset value per share," he says. Shares are up 2.6% at 285.50 pence. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

July 15, 2026 04:30 ET (08:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.