U.K. House Builders Dragged by Downbeat News from Barratt Redrow, MJ Gleeson -- Market Talk

Dow Jones
4 hours ago

0916 GMT - Shares in U.K. house builders fall after Barratt Redrow reports lower adjusted earnings per share and a cut to dividends, while MJ Gleeson warns of increased regulatory and tax headwinds and continually pressured margins. Interactive Investor's Richard Hunter says the current unstable political environment continues to weigh on consumer confidence, with affordability concerns in sharp focus, particularly for first-time buyers. Still, there is insufficient housing supply in the U.K., which ensures continuing demand, he says. "The government is looking to ease planning regulations and the estimated trajectory for interest rates is downwards, which should also encourage new buyers." Shares in MJ Gleeson are down 9.6%, followed by Barratt Redrow and Bellway, down 6.6% and 2.1%, respectively. (anthony.orunagoriainoff@dowjones.com)

 

(END) Dow Jones Newswires

February 11, 2026 04:16 ET (09:16 GMT)

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