Financial Times FT.com

Barratt tumbles on the FTSE on fears of equity issue

By Michael Hunter

Published: January 23 2009 08:54 | Last updated: January 23 2009 22:31

Barratt Developments fell on Friday after Citigroup said the housebuilder could be forced to raise cash from shareholders.

Clyde Lewis, analyst, said housebuilders would not be able to utilise the tax losses created by massive asset writedowns, because these would lack visibility on future profits.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this