0840 GMT - Barratt Redrow's launching a share buyback makes sense given its shares are trading at a discount to book value, RBC Capital Markets analysts Anthony Codling and Oliver Dyson say in a note. Its decision directly addresses shareholder pressure for capital returns at a 36% discount to tangible net asset value per share, the analysts say. The housebuilder has returned around 3.5 billion pounds to shareholders over the last 10 years through a combination of special and ordinary dividends as well as share buybacks, the analysts say. "Today's news is a streamlining of returns to one method and an increase in overall returns," the analysts say. Shares are up 2.7% at 285.80 pence but are down 24% over the past 12 months. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
July 15, 2026 04:40 ET (08:40 GMT)
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