New Barratt FD signals move towards FTSE100
Announcement by Mark Pain triggers acquisition rumours, and boosts George Wimpey shares
The new finance director of Barratt Group, Mark Pain, has said he intends to
push the company into the FTSE100, The Guardian reports.
With a market capitalisation of £2.3bn, City traders have predicted this will
involve the acquisition of a rival, such as George Wimpey.
George Wimpey shares improved 7.25p to 490.75p upon release of the news, and
Barratt Developments’ shares were 14p stronger at 961.5p.