Barratt Redrow (BRE:UK) H1 Earnings Up, FY26 Adj. Profit Hits Consensus; Announces Dividend Cut

Barratt Redrow (BRE:UK) reported first-half profit up 13% to £117.4 million, driven by strong demand in its key markets. The company revised full-year adjusted profit guidance to £1.2 billion, in line with analyst expectations, citing improved sales and cost controls. However, it announced a 20% cut in its dividend, to 1.5p per share, citing strategic investments and macroeconomic headwinds. The cut followed a 3.5% drop in its share price on the announcement.