Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

475.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 566.40p
  • 52 Week Low: 392.30p
  • Currency: UK Pounds
  • Shares Issued: 974.59m
  • Volume: 4,806,531
  • Market Cap: £4,635.16m
  • RiskGrade: 174

Barratt asks John Allan to step down early as chair

By Frank Prenesti

Date: Tuesday 23 May 2023

LONDON (ShareCast) - (Sharecast News) - House builder Barratt Developments said it had asked chairman John Allan to step down from his role as chairman earlier than planned, to stop allegations of impropriety towards women becoming a distraction to the company.
Allan will step down as chair and as a director of the Company at the end of June instead of September as originally planned. He will be replaced by non-executive director Caroline Silver.

"The board believes it is in the best interests of Barratt to accelerate the planned transition to the new chair of the board to prevent the ongoing impact of the allegations against John from becoming disruptive to the company," Barratt said in a statement.

Barratt added that it has not received any complaints about Allan during his tenure at the company, which he joined in 2014.

Last Friday, Tesco announced that Allan would step down in June, after the Guardian newspaper reported that he had allegedly touched the bottom of a senior member of Tesco staff in June 2022, at the company's last annual shareholders meeting.

Four allegations about Allan emerged during the Guardian's investigation into business lobby group the Confederation of British Industry.

He has denied three of the four claims made against him. He has admitted making a comment about a CBI staffer's appearance that she found to be offensive in 2019, and apologised for the remark.

In a statement on Tuesday, Allan said he regretted having to step down.

"My early departure from Barratt is a result of the anonymous and unsubstantiated allegations made against me, as reported in the Guardian which I vehemently deny."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BDEV Market Data

Currency UK Pounds
Share Price 475.60p
Change Today 0.20p
% Change 0.04 %
52 Week High 566.40p
52 Week Low 392.30p
Volume 4,806,531
Shares Issued 974.59m
Market Cap £4,635.16m
RiskGrade 174

BDEV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average65.48% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
Price Trend Not Available
Income
55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average55.61% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Growth
51.38% below the market average51.38% below the market average51.38% below the market average51.38% below the market average51.38% below the market average
30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average30.77% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 6
Sell 2
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BDEV Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Apr-24 28-Sep-23
Paid 17-May-24 03-Nov-23
Amount 4.40p 23.50p

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 1,800 @ 475.60p
16:44 32,307 @ 478.93p
16:42 28,507 @ 475.60p
16:37 129,188 @ 477.00p
16:35 1,344,734 @ 475.60p

BDEV Key Personnel

COO Steven J Boyes
Chair Caroline Silver

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