28th Apr 2020 15:25
(Alliance News) - Housebuilder Barratt Developments PLC on Tuesday said that it is eligible to receive funding under the UK government's Covid Corporate Financing Facility.
The company earlier in April warned that further home sales and reservations to be "very limited" due to the Covid-19 pandemic.
"As a business we continue to focus on taking the right actions and planning for the future so that we are well-placed to be able to continue to deliver the high quality homes the country needs when it is safe and appropriate to do so," Barratt said on Tuesday.
The FTSE 100 firm also earlier in April reported that it has furloughed 85% of its staff.
Shares in the company were 5.4% higher at 541.60 pence each in London on Tuesday afternoon.
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Barratt Developments