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Barratt Developments has reported a rise in half-year sales and profits as it continues to shrug off Brexit pressures hitting the wider property market.  Stock photo

Barratt Developments has reported a rise in half-year sales and profits as it continues to shrug off Brexit pressures hitting the wider property market. Stock photo

Barratt Developments has reported a rise in half-year sales and profits as it continues to shrug off Brexit pressures hitting the wider property market. Stock photo

Barratt Developments has reported a rise in half-year sales and profits as it continues to shrug off Brexit pressures hitting the wider property market.

The UK's largest housebuilder posted a 7.2pc rise in revenues to £2.1bn (€2.4bn) in the six months to December 31. Pre-tax profits rose 19.1pc to £408m (€465m)

Barratt said demand continues to be supported by the UK Government's Help to Buy initiative for first-time buyers, as well as the wide availability of "attractive" mortgage finance.

On Brexit, Barratt said it is working to ensure the "continuity of supply of non-UK manufactured components", as it seeks to mitigate chaos at ports in the event of a disorderly exit.

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