Housebuilder Barrat Redrow issued interim results this morning that left the market somewhat deflated. Completions were up but operating profits fell marginally and the forward position looks somewhat uninspiring too. Reservation rates are flat and management point to the spring selling season as being pivotal in defining the company’s fortunes. Comments over the synergies the recent merger will deliver and the fact the company is well funded cut little stack with investors and the Barratt Redrow share price was down more than 6% in early trade.
The FTSE-250 listed manufacturing systems company released half year results earlier today. Management noted a strong acceleration of growth in the first half despite currency headwinds and that also translated to improved operating profits. Whilst expectations are for the outlook to remain somewhat mixed, momentum has been maintained in the early part of Q3 and the company remains confident that the full year picture will impress. The Renishaw share price was more than 5% higher shortly after the bell, but has handed back some of those gains since.
A trading statement from gold mining and investment company Pan African Resources was published this morning. The note highlights that revenues are up 157% following increases both in production and the widely reported gold price. That output is also expected to increase further in the second half of the year, although the market reaction suggests that the good news was largely priced in. At 8.45am, the Pan African Resources share price was up 4%.
Most read news on Investegate this morning
Barratt Redrow HY26 Interim Results - - Barratt Redrow (BTRW)
Zulu Lithium Flotation Plant - - Premier African Minerals Ltd (PREM)
Q2 FY2026 Quarterly KPIs - - Seeing Machines Ltd. NPV (DI) (SEE)
