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30.06.26 - 14:18
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UK housebuilders face class action suit over alleged collusion to inflate prices (The Guardian)
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Law firms seek up to £4.5bn on behalf of 700,000 buyers of new-build homesBusiness live – latest updatesBritain's biggest housebuilders, including Barratt Redrow and Taylor Wimpey, face a multibillion-pound class action lawsuit over claims that they colluded over higher prices for homebuyers.The lawsuit is being led by Mark McLaren, a former legal affairs manager at the consumer group Which?, on behalf of more than 700,000 consumers who bought a new-build between 2015 and 2026, against Barratt, Bellway, Berkeley Group, Persimmon, Taylor Wimpey, Vistry Group and Bloor Homes. Continue reading......
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19.06.26 - 08:48
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Barratt Redrow Names Rebecca Napier CFO (AFX)
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LONDON (dpa-AFX) - Barratt Redrow plc (BTRW.L), a residential construction company, Friday announced that it has appointed Rebecca Napier as Chief Financial Officer and Executive Director, effecti......
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28.05.26 - 12:18
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Young first-time buyers face toughest time since financial crisis, says UK housebuilder (The Guardian)
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Barratt Redrow boss says rising interest rates, higher student debt and squeeze on wages hitting property dreamBusiness live – latest updatesThe boss of Britain's largest housebuilder has warned that it is the most challenging time to be a first-time buyer since the financial crisis, as the dream of home ownership moves increasingly out of reach for many young people.A combination of rising interest rates, higher levels of student debt and the squeeze on wages is making it “challenging, very, very difficult” for young people to get on the housing ladder, according to David Thomas, the outgoing chief executive of Barratt Redrow. Continue reading......
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28.05.26 - 09:06
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UK risks ′lost generation′ of young people out of work; first time buyers face toughest time since financial crisis – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsUK home ownership is increasingly out of reach for young people, David Thomas, the outgoing chief executive of Barratt Redrow is warning today.In an interview with the BBC, Thomas says that now is one of the most difficult times to get onto the housing ladder, comparable only with the aftermath of the financial crisis in 2008.Certainly it's going to be close to where we were [after] the great financial crisis.That was probably more to do with lending, but I think it's very, very comparable for first-time buyers. We're now facing challenges around affordability with no government support scheme in place.“This is not a failure of young people. It is a failure of a system stuck in the past. Whether it is education or health or welfare, that system fails to enable their participation in the labour market.“Instead, all too often it ends up putting young people on a path to a life not in jobs but on benefits. This should be the priority for the go...
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