Summary
INTENSE speculation that Barratt Developments will soon make it a hat- trick of rights issues by passing the hard hat round to shareholders for cash to help shore up its battered balance sheet, dragged shares of the UK's third- biggest housebuilder down a further 12p to a year's low of 272 1/2 p.
They have collapsed 58pc in six months on worries about the deteriorating mortgage and UK housing outlook.See the full content of this document
Extract
Buzz On Barratt Rights Hat-Trick ; Market Report
After correctly forecasting that Royal Bank of Scotland ( 3 3/4 p easier at 350 3/4 p) would hit the market with a mammoth [pounds] 12bn fundraising and HBOS ( 9p off at 486 3/4 p) would follow yesterday with a [pounds]4bn ...
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